BlueStar is pleased to announce that, it has signed a contract to provide its latest DVRs to the Beijing branch of the Industrial and Commercial Bank of China (“ICBC”). It is anticipated that the contract will be completed by the end of 2007.
BlueStar have signed numerous contracts with ICBC over the past 3 years. This agreement represents an extension of a previous contract for the provision of DVRs and will serve to further strengthen the Company’s relationship with China’s largest bank.
BlueStar has recently signed contracts with a number of the PRC’s largest and most influential banks including: Industrial and Commercial Bank of China, China Construction Bank, China Commercial Bank, and Bank of China. Agreements with institutions of this stature are helping to raise the Company’s profile and further establish BlueStar as a reliable and well respected provider of DVRs and networking software within its target market. A number of the contracts represent repeat business and the management look forward to ensuring that this trend continues.