Trading Statement (8547W)

TIDMBSST

RNS Number : 8547W

BlueStar SecuTech, Inc.

06 February 2012

BlueStar SecuTech Inc.

('BlueStar' or the 'Company')

Trading Update

BlueStar SecuTech Inc. (AIM: BSST), a leading provider of digital video surveillance solutions in China, provides a trading update following a review by its sales team of the Company's expected performance for the second half of its financial year ending 31 March 2012.

Whilst BlueStar's sales prospects for the first few months from 30 September 2011 were encouraging, the outlook for revenues following the Chinese New Year holiday is lower than previously expected. Furthermore, although the Company succeeded in winning a number of contracts towards the end of 2011, it anticipates that revenue will not be recognized from some of these contracts until after its financial year end. As a consequence, BlueStar's revenues for the full year are expected to be lower than last year's revenues and will have a material effect on the Company's net profits, which are now expected to be significantly lower than the board's original forecasts.

-Ends-

Enquiries:-

 
BlueStar SecuTech, Inc.               www.bstar.com.cn 
Romeo Kwok, Senior Vice President & 
 CFO                                  + 86 10 8225 5855 
Antonia Ping, Company Secretary 
 
Westhouse Securities                  www.westhousesecurities.com 
Tom Price/ Petre Norton               [phone] 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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