| Company Reports $0.02 per share in Earnings for Quarter |
| Dated : Wednesday, May 16, 2007 |
| U.S. STARCOM 1ST QUARTER REVENUES AND NET INCOME SOAR OVER LAST YEAR. COMPANY REPORTS $0.02 PER SHARE IN EARNINGS FOR QUARTER Perth Amboy, New Jersey: U.S. Starcom, (Pink Sheets: USTA), announced today that its 1st quarter 2007 results, posted on www.pinksheets.com, soared above the same figures of the same period last year. With the recent acquisition of Mundetel Communications, core revenues soared over 400%, even excluding the results of their rapidly expanding Bell Latino chain. Net income increased to $842,854, or $.02/share, an increase of $1,221,419 over last years loss of $378,565. Gross revenues increased to $7,449,605 from last year’s $709,282. “The company is now entering an exciting phase of growth,” said John DiDomenico, President of US Starcom. “Bell Latino is expanding rapidly in the Tri-state area, as well as in Miami, while Mundetel is adding service to new countries in Central and South America, as well as the Caribbean. Our music division is going to announce some very big surprises in the coming weeks, and our Sky Distribution subsidiary is adding new product, and expects impressive results will be forthcoming. For these and other reasons, we expect record results for our 2nd quarter.” USTA had previously announced $0.02 per share in earnings for the fourth quarter of 2006. The company is on track for record profits in 2007. For a profile on the company, please visit: www.wallst.net/superstocks/superstocks_profile.asp?ticker=usta About U.S. Starcom With a sales distribution network extending to thousands of urban locations, U.S. Starcom continues its rapid expansion into the distribution of alternative communication products and services, including music, media, international long distance, prepaid services, wireless dial around applications, stored value services, remittances, money debit cards, and internet service enhancements. U.S. Starcom provides access to the latest entertainment offerings from the recording industry through strategic alliances and joint distribution campaigns. The company provides product development, distribution, and system installation through its three independent subsidiaries, Sky Distribution and Mundetel, money remittances and telecom services through its Bell Latino subsidiary and music and media distribution through its La Corporacion subsidiary. Safe Harbor Statement This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |