Web Site : http://www.bstar.com.cn/english/



BlueStar focuses on the research and development of high tech video compression and network communication technologies. Blue-Star is a leading manufacturer and producer of professional digital video devices and software designed for the security and safety sectors.

http://www.investegate.co.uk/Article.aspx?id=200805200700058248U

RNS Number : 8248U
BlueStar SecuTech, Inc.
20 May 2008


BlueStar SecuTech, Inc.

('BlueStar' or 'the Company' or 'the Group')


Preliminary results for the 15 months ended 31 March 2008


BlueStar SecuTech Inc. (AIM: BSST), a leading provider of digital video surveillance solutions to corporate clients in China, is pleased to announce its preliminary results for the 15 month period ended 31 March 2008. All figures are in RMB unless otherwise stated and comparative figures are for the 12 months ended 31 December 2006.

Highlights for the 15 month period

Revenues of RMB 175 million (2006: RMB 102 million)

Revenue from high margin software of RMB 22 million

Revenue from two new sales & service centres of RMB 17 million since opening in Q3 2007

Gross profit increased to RMB 96 million (2006: RMB 57 million)

Net profit of RMB 52 million (2006: RMB 42 million)

Strong cash position of RMB 115 million (2006: RMB 23 million)

Maiden dividend of 0.96p per share


Chief Executive Xiao Gang commented: 'These results represent a confident start for BlueStar as an AIM listed company and provide a good platform for the future.

The fifteen months under review represent a period in which BlueStar achieved all of its financial targets and operational objectives. These are achievements of which the Company can be proud and demonstrate the quality of the Group and highlight the strength of its staff, management team, products and services.'

RNS Number : 6237W
BlueStar SecuTech, Inc.
13 June 2008


Date: 13 June 2008

On behalf of: BlueStar SecuTech, Inc.

Embargoed for 0700hrs


BlueStar SecuTech, Inc.

('BlueStar' or 'the Company')

Contract win with Bank of Communications

BlueStar SecuTech Inc. (AIM: BSST), a leading provider of digital video surveillance solutions in China, is pleased to announce that it has been awarded a new contract by the Bank of Communications (BOCOM) for a value of approximately RMB3m (￡225,000).

The contract is to provide a network solution and an equipment update for Digital Video Recorder systems (DVRs) in more than 50 locations of BOCOM branches in Daqing city of Heilongjiang Province. BlueStar's network solutions will enable all the ATMs and branch outlets in Daqing City to be linked, monitored and centrally controlled by the head office within the city.

This is the Company's first contract with BOCOM to provide network solutions for the Heilongjiang Province. It marks a strategic step for the Company to expand its network solution business into the branch network of BOCOM in the northeast area of China (consisting of Liaoning Province, Jilin Province and Heilongjiang Province). This contract further demonstrates the Company's ambition to expand into tier two and three cities. The contract is expected to be completed by the end of June 2008.

Commenting on the contract win, Xiao Gang, Chief Executive of BlueStar, said:

'This is a significant success for our business development in the northeast provinces, where the Bank of Communications has over 330 branch outlets. It underpins our position as a leading provider of video surveillance solutions for the banking industry in China. We are confident about a strong order book from that region in the future.'