STARREX INTERNATIONAL LTD.
PRESS RELEASE August 28, 2015 – Toronto, Ontario
Starrex International Ltd. (“Starrex”) (CNSX: STX & OTC QB: STXMF) announces net operating income of US $10,969 for the second quarter ended June 30, 2015. Income for the second quarter was US $1,652,041, an increase of 10% from first quarter. Starrex announces the sale of One Force Staffing, Inc. and the sale of Olympia Capital Management, Inc. for total consideration of US $1,930,000.
Starrex also announces the appointment of Matt Hill as Senior Vice-President of Starrex effective September 1, 2015.
Garrett Clayton, Chairman, stated, “Starrex has achieved profitability with net operating income in Q2 and continued growth in revenue. Following the divestitures of its staffing and consulting operations, Starrex will now focus on its profitable appraisal management business while looking for other strategic acquisitions. We also welcome Matt Hill to Starrex. His skill and experience in operations will add depth to the Starrex management team.”
Starrex has filed on SEDAR its unaudited interim consolidated financial statements and its management ‘s discussion and analysis for the second quarter ended June 30, 2015 – see www.sedar.com for those materials and other public information regarding Starrex.
For further information, please contact Ronald Mann, Investor Relations Officer of Starrex, at (647) 981-2782, email address: firstname.lastname@example.org.
Starrex International Ltd.’s primary business is to acquire, manage and grow companies active in mortgage, real estate and other financial sectors in the United States. Revenue is comprised primarily of appraisal management income from its wholly owned Property Interlink subsidiary, operating in seven (7) States.
This news release may contain or refer to forward-looking statements. Certain statements included in this news release are forward-looking and thus reflect our current assumptions, expectations and beliefs with respect to certain current and future events and financial performance. Words such as “expects,” “will,” “plans,” “anticipates,” “indicates,” “believes,” “forecast,” “guidance,” “projected,” “outlook” and similar expressions are intended to identify forward-looking statements. Additionally, forward-looking statements include statements that do not relate solely to historical fact such as statements which identify uncertainties or trends, discuss possible future effects of current known trends or uncertainties or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured.. Any forward-looking statement is subject to a variety of risks and uncertainties relating to Starrex’s operations and business environment that may cause actual events or results to differ materially from those described expressed or implied in such forward-looking statements. Any forward-looking statement is based on information available to us on the date of this release and, except as may be required by applicable securities laws, Starrex undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or results or otherwise. Although Starrex believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be placed on this forward-looking information due to the inherent uncertainty thereof.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this press release.