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Seamless Technology Inc. (OTC: SLSX)
(www.seamlesstech.com), today announced its wholly owned subsidiary,
MerchandiZer Software Inc's (www.merchandizer.com), eCommerce software
has been rated the second highest ranking shopping cart software
currently on the market. A non biased review can be read at Shopping
Cart Software Review http://shopping-cart-review.toptenreviews.com/
merchandizer-pro-review.html (Due to its length, this URL may need to
be copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.). Merchants using the MerchandiZer
software processed $22,646,776.06 in retail transactions last year to
854,855 customers in 227,957 individual retail transactions. These
merchant sales are expected to increase by a minimum of 10 percent
during 2005, and by 25% in 2006, as the Company implements its
national market campaign.
Over the past six months MerchaniZer has added 65 new features and
improvements to the MerchandiZer ecommerce software. These new
features will allow its clients to do such things as open new
resellers sales channel for their retail products, and manage their
sales processing more efficiently. These new and improved features are
one of the major reasons that 2006 gross sales in the retail system
are expected to increase dramatically.
Typical of the clients presently being serviced by the eCommerce
software include:
AB Kohler & Co
www.abkohler.com
Founded in 1980, AB Kohler & Company is a full service advertising
and promotion agency. AB Kohler & Company uses a unique feature of
MerchandiZer that allows any merchant to open a new channel of sales
by duplicating a base ecommerce site's catalog items, and brand it
differently depending on the need of each reseller.
AB Kohler & Company uses this base site
(http://www.ejeweleronline.com/) to duplicate product offerings and
fulfillment services to as many resellers as they can sign up to
utilize the program. All catalog items are the same in all sites and
can be shipped from a single drop-ship facility. This feature makes it
very efficient to manage numerous independent and unique
professionally designed sites by just the click of a button. A
representative list of sites using the eCommerce software with the
Kohler fulfillment services include:
http://shop.andrewzdiamonds.com/merchant/index.html
http://shop.davidthejeweler.com/merchant/index.htm
http://shop.sargentsjewelry.com/merchant/index.htm
These individual ecommerce jewelers have their own sites with
added links to their respective sites, all utilizing the same catalog
information. These features bring the same amount of products to more
end consumers that shop at each individual jeweler's ecommerce site.
Securitas AB
www.securitas.com
Securitas is a world leader in providing security solutions
comprising guarding services, alarm systems and cash handling services
to numerous international clients. Securitas has more than 200,000
employees and operates in more than 20 countries mainly in Europe and
North America. The company is utilizing MerchandiZer's software to
sell its promotional products to its own employees, while making it
efficient to manage all of these transactions. The company in the near
future will be opening an ecommerce retail site to sell promotional
items to the general public using Merchandizer Ecommerce software.
Mr. Krister Martinez, president of the MerchandiZer Software
subsidiary, in announcing the award and the continuing rollout of new
features for its clients stated: "We have been working very hard in
the last few months to build on our award winning software's
reputation by adding even more unique features to our software suite.
Unlike our competitors, our software is not one size fits alls, and
allows clients like Kohler and Securitas to design and implement a
unique ecommerce site for their employees and their customers. We are
now focusing on our marketing plan to bring the features of
eMerchandiZer to a broadening client base in the next few months. This
marketing campaign should allow the Company to achieve gross revenues
of $1,800,000 in 2006, increasing to gross revenues of $2,572,000 in
2007, with a projected EBITDA of $723,385 in 2006 and $1,470,000 in
2007. "
ABOUT SEAMLESS TECHNOLGY 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 2005.
The first subsidiary owned by Seamless is Pinneast Inc.
(www.pinneast.com), a eleven year-old e-Learning services provider,
which is one of the only eLearning companies that survived the
shakeout caused by the bursting of the Internet bubble, because of its
large government and Fortune 500 clients. The Company will recognize
gross revenues in 2005 of a minimum of $1.4 million with an EBITDA of
approximately $400,000. The Company's projected revenues should
increase to a minimum of $2.265 million in 2006 and $3.3 million in
2007, with projected EBITDA of $823,000 in 2006 and $1.347,402 in
2007. The Company has achieved a sustainable level of profitability
due to the multi-year contracts that it has with its clients.
Furthermore, the Company has a present order backlog exceeding $1.3m,
including 2 contracts from the US-Army. Other customers of Pinneast
include Dow Chemical, Wachovia, Volvo Trucks, Delta Airlines and
Johnson and Johnson, among others. The Company offers web based course
management, learning management systems, LMS hosting and E-Learning
technical support. Unlike its competitors, who offer a product that is
one size fits all, Pinneast is capable of designing e-Learning
products that are tailored to the specific needs of each client.
The second subsidiary is Merchandizer Inc. (www.merchandizer.com),
which is a seven year old eCommerce software company and service
provider that provides end to end online services for small to medium
sized companies that want to expand their marketing to the Internet
sales channel. The Company's clients number approximately 3,000, with
such well-known names as Dole Plantations, Total Discount Vitamins,
Go-To Forms and Kids Customs. The Company's software has been awarded
the PC Magazine's Editor's Choice Award as tops in its field. The key
feature of the software is that it allows users to add customized
design features, as opposed to most of its competitors that require
that the merchant/client have a store that looks like all other stores
utilizing the same software. Merchandizer keeps its software
up-to-date with the latest advances in Internet marketing, and its
ecommerce software has an exclusive Internet marketing feature built
into its software that allows the merchants/clients to optimize their
entire catalog and categories for search engines, and achieve very
high ranking, including the first and second pages in the search
engines, such as Google and Yahoo. Merchandizer also provides a wide
range of templates that enable web designers to customize sites. This
allows merchants/clients, without design flair, to build a respectable
looking eCommerce site by simply picking pre-packaged design themes,
and then choosing from the 30 built-in templates designed to suit
every catalog layout requirement. The Company also aids its clients
with web promotion and online marketing services, including Search
Engine Optimization that increases the presence of the site on the
web, and thereby attracts more customers to the client's site. The
Company will recognize gross revenues in 2005 of approximately
$200,000 with an EBITDA of $50,000. The Company is projecting gross
revenues in 2006 of $1,800,000 increasing to gross revenues of
$2,572,000 in 2007, with a projected EBITDA of $723,385 in 2006 and
$1,470,000 in 2007.
Seamless has consolidated gross assets of over $4,400,000 and net
shareholders equity of $3,100,000. The Company's consolidated revenues
have increased from $388,000 in 2004, and a loss of ($451,000) to 2005
gross revenues of $1,600,000 and an EBITDA of $350,000. The Company,
without considering the imminent strategic acquisitions mentioned
above, is projected to increase gross revenues to $4,065,000 in 2006
and $4,873,000 in 2007, with projected EBITDA of approximately
$1,366,000 in 2006 and 2,500,000 in 2007.
FORWARD LOOKING STATEMENTS:
Statements about the Company's future expectations, including
future revenues and earnings, and all other statements in this press
release other than historical facts are "forward-looking statements"
within the meaning of section 27A of the Securities Act of 1933,
Section 21E of the Securities Exchange Act of 1934, and as the term is
defined in the Private Litigation Reform Act of 1995. The Company's
actual results could differ materially from expected results. The
Company undertakes no obligation to update forward-looking statements
to reflect subsequently occurring events or circumstances. Should
events occur which materially affect any comments made within this
press release; the Company will appropriately inform the public.
SOURCE:
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Seamless Technology Inc.
3155 NW82nd Avenue, Suite 200
Miami, Florida 33122
Phone: 305-477-8177
www.seamlesstech.com
www.pinneast.com
www.merchandizer.com
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