Seamless Technology, Inc. Receives Strong Upgrade by Respected Research Firm; Management Anticipates Record Revenue Growth from
07 March 2006 - 1:31AM
Business Wire
Seamless Technology, Inc. (Other OTC: SLSX.PK) is pleased to
announce a well-respected firm TSC, has upgraded their equity
rating on SLSX. This strong upgrade comes at a time when the
company announced the signing of their first revenue sharing
on-line sales agreement with a manufacturer and distributor.
Management anticipates a surge in revenues to exceed $5 million in
2006 and $10 million in 2007. The upgrade is also due in part to
Seamless Technology opening a new office in Lima, Peru in order to
expand internet sales in Latin America. According to
Internetstats.com, in 2005 there were 54 million internet users in
South America. Currently, Latin America is experiencing double and
triple digit growth rates in broadband, Wi-Fi and VoIP. TSC is
noted for their work with, account executives, analysts, portfolio
managers, institutions, venture capital investors, individual
investors and the media. To view the entire independent research
report, please click on the attached URL: http://www.otclive.com or
visit: http://www.seamlesstech.com. Mr. David Langle, Chief
Operating Officer of Seamless Technology states, "We are honored to
have a quality independent research firm review our overall
operations, progress and to provide the resulting upgrade in our
stock. This provides further confirmation to our shareholders that
our company is headed in the right direction". Mr. Langle further
stated, "We anticipate 2006 to be a record year for our company.
Currently one of our subsidiaries is already experiencing a back
log of orders in excess of $1.3 million including 2 contracts from
the US Army. Other clients include Dow Chemical, Johnson and
Johnson and Volvo Trucks. Based on our recently successful launch
of our E-Commerce Shopping Cart, we also expect to sign agreements
with a minimum of 20 new clients in 2006 resulting in additional
revenues of $5 million in 2006 and $10 million in 2007. About
Seamless Technology Inc.: Seamless Technology is a public holding
company for Internet-based technology companies. It presently owns
two established technology companies with excellent industry name
recognition and reputations. The Company has located other
synergistic businesses that it intends to acquire prior to the end
of 2006. Forward-Looking Statements: This press release contains
forward-looking statements. By their nature, forward-looking
statements and forecasts involve risks and uncertainties because
they relate to events and depend on circumstances that will occur
in the near future. There are a number of factors that could cause
actual results and developments to differ materially.
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