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U.S. Starcom, Inc. : U.S. Starcom Announces Business Developments

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^{Published in Science and Technology on Thursday, June 11th 2009 at 11:56 GMT, Last Modified on 2009-06-11 11:57:12 by Market Wire}  

PERTH AMBOY, NJ--(Marketwire - June 11, 2009) - U.S. Starcom, Inc. (PINKSHEETS: [ USTI ]) announced today that it has experienced a sharp decline in revenues from its telecom operations and is assessing alternatives in these divisions. U.S. Starcom continues to manage and run its Bell Latino operations while addressing the issues affecting the telecom subsidiaries.

The statements in this press release, which are not historical fact, are forward-looking statements. These statements include, without limitation, statements regarding our future prospects, the expected growth of our business, the ability to achieve our sales and profitability goals, our perception of future industry trends and the potential positive impact our business prospects, and other such statements. Such statements involve risks and uncertainties that could cause actual results to differ materially from ours expectations. Such risks and uncertainties include, without limitation, the risk that future trends we have identified do not materialize or if they materialize that they do not have the beneficial effect we anticipate, as well as the risk that we will not be able to achieve our sales and profitability goals. All forward-looking statements in this document are made as of the date hereof, based on information available to us on the date hereof, and we disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events or otherwise.