Shelron Group Reports Mid-Fourth Quarter Update PR Newswire - November 28, 2005 12:46 Revenues Expected to Break All Highs
NEW YORK, November 28, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Shelron Group, Inc. (OTC BB: SHRN), a leading provider of e-commerce software and e-business solutions, today announced that fourth quarter revenues are expected to exceed revenues for the first three quarters combined of 2005.
Eliron Yaron, Chairman of The Shelron Group, notes "The trend has been that every few days, we've broken new records of clicks per day. Because ActiveShopper(TM) is used in comparative shopping, the high number of clicks translates into revenue. Our years of experience in web-based commerce projects has lead to an excellent business model, which is proving itself daily."
The Company has noted a significant increase in traffic that flows to its partners. Yaron sees that this is a direct result of strong ActiveShopper(TM) customer loyalty. Using sophisticated metrics tools, the Company has recorded a growing number of high frequency users of the comparative shopping tool.
"We have added more servers just to keep pace with the fantastic growth in users," continues Yaron. "In addition, more vendors and partners are calling us to join our service as they are aware of ActiveShopper's power to send them quality traffic."
About ActiveShopper
ActiveShopper(TM) is a comparative shopping search engine, which also offers its users a unique toolbar that automatically scans, locates and compares prices for an item that a consumer is viewing in e-commerce sites. By offering both a comparative shopping website, together with an innovative and automatic comparative shopping toolbar, ActiveShopper appeals to a wide range of Internet shoppers. ActiveShopper is headquartered in New York City. Additional information, the ActiveShopper search engine, and the ActiveShopper toolbar download site are all available at http://www.activeshopper.com.
About Shelron Group
Shelron Group Inc. develops business intelligence (BI) software e-commerce advertising and comparative shopping software products and services. The company's stock is publicly traded on the OTC Bulletin Board under the symbol SHRN.
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects,", "believes," "anticipates," "intends," "expects," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements
Contact: Investor Relations Contact Steven Weiss +1-609-395-0807 IR*activeshopper.com
SOURCE Shelron Group Inc
Investor Relations contact, Steven Weiss, +1-609-395-0807, IR*activeshopper.com
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