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LITTLE ROCK, ARKANSAS -- (MARKET WIRE) -- 11/13/06 -- Square Shooter Incorporated (PINK SHEETS: SQSI) is pleased to announce that it is purchasing the assets of VisiTrade LLC, a Nevada corporation, through an Asset Purchase Agreement executed on November 1, 2006. To facilitate the transaction, the existing shares of Square Shooter Incorporated will undergo a one-for-five share consolidation. In addition, upon completion of the merger, the Company will change its name to VisiTrade, Inc. A new CUSIP number and trading symbol will be issued at that time.
VisiTrade is a new, investor-to-investor, online stock-trading platform operating 24 hours a day, 7 days a week with just one flat fee of $7 per transaction. There are no associated exchange fees and no broker commissions are added onto the trade.
Facilitated through a registered broker/dealer, the newly launched VisiTrade platform allows on line investors to post their buy and sell orders and to trade shares with each other, in a pure investment community free of brokers and market makers. VisiTrade receives a licensing fee from the broker for the service.
"VisiTrade provides online investors with a unique platform for trading equities at their convenience any time of the day, regardless of market hours. By becoming a publicly traded company, we are able to rapidly inform millions of online investors about our service, gain easier access to capital funding, and ultimately attract thousands of online traders to becoming VisiTraders. VisiTrade eliminates the middlemen and therefore unnecessary costs, allowing trading amongst online investors the way it was meant to be," said Larry Bolton, President of VisiTrade LLC.
"Over the past few years the Company has explored numerous options in an attempt to bring value to its shareholders. I am very excited about the opportunity that merging with VisiTrade creates," commented Mike West, President of Square Shooter Incorporated. "I believe VisiTrade has the potential to be an enormous success and very popular with online traders, currently estimated at over 30 million. This new business could generate substantial revenues, giving our shareholders the opportunity to realize meaningful value for their shares. I look forward to the months ahead as VisiTrade introduces its service to the online investor community."
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.
Contacts: Tiger Capital Corporation Trevor Burns (416) 252-3663 or toll-free 1-877-844-3704 Email: investor*tigercapital.com
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