Market Pulse Breaking News Alert for Wednesday, Feb. 27, 2008: PRCC - Pricester.com Completes Financing and Experiences Positive Growth
Market Wire, February, 2008
Market Pulse News Alert for this AM, Stocks to Watch are: Pricester.com, Inc. (OTCBB: PRCC), CollaGenex Pharmaceuticals Inc. (NASDAQ: CGPI), Capstone Turbine Corp. (NASDAQ: CPST) and International Business Machines Corp. (NYSE: IBM).
Investors need to be watching Pricester.com, Inc. (OTCBB: PRCC) this AM! Pricester.com is an innovative e-commerce company that develops and operates websites for individuals and small business communities. It provides a medium for consumers to buy, sell, trade, auction, and search for various products and services. The company operates a multi-featured Internet shopping portal, www.pricester.com , complemented by online tools for e-commerce website construction. Its website automates the integration of payment systems and shipping carriers. The company also provides a seamless integration to its website management system and shopping cart. In addition, it provides website development, hosting and listing facility, Internet marketing services, domain name registration, and search engine optimization and submission services. Pricester.com's primary marketing objective is to build the largest gathering of web-based vendors in its virtual Shopping Network which includes formal agreements for product offerings from Wal-Mart, Target, Dell, PetSmart and many more national retailers, benefiting thousands of small businesses listed with Pricester.com in their endeavor to market their goods and services. Pricester.com aims to be among the largest providers of professionally designed low-cost websites, servicing the burgeoning small business sector where demand for such cost-efficient service is increasing exponentially. According to the US Census Bureau, on-line sales accounted for $22.3 billion in the third quarter of 2005 alone, however this represented only 2.3% of total retail sales in the US that reached $957.9 billion overall. Pricester.com is also moving ahead with key planned strategies, including a strategic joint venture which targets the growing sector of women-owned businesses, and the ongoing development of its Copia World website, an online shopping mall with a global perspective, featuring retailers from England, France, Russia, Italy, Greece, Germany, Mexico, Japan and more, with an appeal to international travelers, those interested in taking advantage of a worldwide shopping spree or viewing the latest retail offerings from around the world. Pricester.com strives to continue its internal growth, as well as seeking corporate expansion through appropriate mergers, acquisitions and joint ventures that can result in greater value for its investors. The company's revenues increased by 73% compared to the same nine-month period last year. Pricester.com's revenues increased by over 110% in the previous six-months compared to the same period in the previous year and the company's 2006 annual revenues were up 498% compared to 2005. Pricester.com is poised to become a significant player in the business services and e-commerce industry! Pricester.com just had excellent news out in a press release before today's bell announcing they have completed a financing and that the company is experiencing positive growth! The company also said the added funding will assist with their planned programs! Investors should be watching this one closely!
Pricester.com, Inc. (OTCBB: PRCC), an Internet marketing and technology company, has successfully completed $200,000 in financing. The funding will be used to further support planned initiatives and strengthen the company's overall strategic positioning.
Pricester had recently announced the launch of Copia World, an online international directory of retailers, targeting travelers and global-minded consumers, as well as the introduction of its personality-anchored lifestyles websites to feature corporately sponsored editorial. Additionally, a letter of intent was signed to acquire Genesis Electronics, Inc., a high-tech company specializing in consumer applications for solar power and other alternative energy sources.
"Pricester is an innovative organization that's experiencing positive growth," said President and CEO Edward C. Dillon. "Added financing is an integral component. The continuing refinement of our operations and the addition of new products, services and expansion of the Pricester brand will keep us moving ahead," Dillon continued.
Stocks in the news and acting well as of late include: CollaGenex Pharmaceuticals Inc. (NASDAQ: CGPI), Capstone Turbine Corp. (NASDAQ: CPST) and International Business Machines Corp. (NYSE: IBM).
Information contained herein is the opinion of Market-Pulse.com ("MP") and is intended to be used strictly for informational purposes. You should be aware that MP attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, MP does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of MP's analyses and/or parties related to those companies. MP also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted.
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