Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Cdstar Goes Supernova


Cdstar Goes Supernova

A Christchurch based Internet innovator, backed by influential shareholders such as Southern Capital, has beaten the big guys to the market, with New Zealand's first ever public offering of shares in a New Zealand online business.

CDStar is owned by EstarOnline, a company formed specifically to develop powerful Internet retail opportunities. is the newest online music store in New Zealand. The virtual store concept provides significant advantages over conventional music stores. Savings made on traditional overheads such as stock handling, shop rentals, and staff costs, allow CDStar to operate more efficiently and pass the cost savings on to customers.

The business hopes to capitalise on the skyrocketing share of retail business being conducted online - particularly in New Zealand and Australia.

It will be launched in Australia in mid October 1999, which will make it Australasia's first virtual music store.

The Shares in EStarOnline are not guaranteed by Southern Capital or any other person.



© Scoop Media

Business Headlines | Sci-Tech Headlines


Trees: Surge Funding For Kauri Dieback And Myrtle Rust Research

“The $13.75 million investment announced today will mean that scientists can begin critically important research into kauri dieback and myrtle rust. It is vital that we get this work underway now to ensure that we combat these two pathogens and protect these taonga species." More>>


In Time For The Cup: Spark Sets 5G Date, Without Any Spectrum

Spark chief executive Simon Moutter has a big hairy audacious goal, to get the company's 5G mobile network up and running by July 2020 ... More>>


Mesh Mess: Commerce Commission To Appeal Steel & Tube Sentence

The Commission has today filed an appeal against the sentence imposed on Steel and Tube Holdings Limited (Steel & Tube) for false and misleading representations about steel mesh products. More>>

"Bipartisan Inaction": Rapid Rent Increases

The median nationwide rent has gone up $20 a week over the past two month, a rapid increase that is part of an upward trend overseen by both Labour and National Governments... More>>