Shelron Group Completes $1.5 Million Private Placement Tuesday January 11, 1:59 pm ET
NEW YORK--(BUSINESS WIRE)--Jan. 11, 2005--The Shelron Group (OTC BB:SHRN - News), a leading provider of e-commerce software, announced that the Company consummated an aggregate fund raise of $1.5 million through a Private Placement from a private investor as an act of confidence in the company's present and planned activities. The terms of the transaction include providing the private investor with 18.5 million shares of restricted stocks to remain restricted until such time that the Company files a Registration Statement with the Securities & Exchange Commission.
This funding is intended to support, step by step, the company's Advertising Campaigns and the analysis of their results, accelerate the achieving of large downloads / active users' base, support the recruiting of more talented people to Shelron Group's front line, secure additional technology development for the comparison shopping arena in larger categories worldwide. The Company is also considering strategic acquisitions of synergistic technologies that management believes will enhance Shelron's positioning.
"After examining several options, the Company chose this financing mechanism with shareholder value in mind. It remains paramount that this interim funding and all other funding vehicles to be the least dilutive possible while furthering our marketing and acquisition goals. To effectuate our marketing plan we needed additional financing. In order to make money one must spend money prudently, and I believe that in the long run all the steps we are taking regarding financing the Company's activities will add value. Our shareholders know that Shelron has the ability to manage and develop under relatively low budgets, leveraging the use of every dollar invested," stated Eliron Yaron, CEO.
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Shelron's ActivShopper Goes Wireless Friday January 14, 10:57 am ET Targeting 1.5 Billion Users Globally - 25% of the Planet's Population
NEW YORK--(BUSINESS WIRE)--Jan. 14, 2005--The Shelron Group (OTC BB:SHRN - News) a leading provider of e-commerce software, today announced that it is developing a mobile version of its ActivShopper comparative shopping toolbar, responding to quickly changing consumer behavior in accessing the Internet from remote locations. ADVERTISEMENT
Considering the growing number of current mobile subscribers, the quickly-advancing mobile technologies, and penetration projections for the coming years, this market is one that management deemed a high priority due to its tremendous potential for exponential revenue growth.
The mobile version, "ActivShopper To Go" will work on mobile phones, PDA's, tablet pc's, and watches.
The Internet is literally everywhere thanks to wireless internet hot spots around the country and globally. Masses of consumers are accessing the net from outside their homes and offices. Management deemed it appropriate and potentially advantageous to take full advantage of this trend and provide ActivShopper users the ability to access Activshopper whenever they are: in shops, a coffeeshop, or on an airplane using satellite communication.
The Company is developing technology for different types of cell phones and PDA's based on the Palmone operating system, pocket pc's, and many more.
Mobile phone subscribers around the globe totaled nearly 1.5 billion by the middle of this year (2004), representing about 25% of the world's population, according to International Telecommunication Union. The ITU said the growth in mobile phone subscribers had outpaced that for fixed lines, that totaled approximately 1.185 billion today versus 1 billion at the start of the century, and was also outstripping the rate of increase in Internet users.
The value of global mobile business reached $414 billion in revenues in 2003, a tenfold increase in the decade, while over the same period the overall telecommunications sector grew by an average of 8.8% to reach $1.1 trillion.
Another determining factor that management took into consideration when deciding to develop Activshopper for wireless internet users is:-
By year-end 2004, there will be 39 million WLAN users. These include both consumers who generally connect to WLANs via public hotspots, as well as enterprise users. By 2008, Radicati expects a total of 120 million WLAN users. The study projects that the worldwide revenue for WLAN Infrastructure, Security and Management will reach $8.6 billion by 2008
"We would like to see ActivShopper in whatever location the consumer ultimately finds himself - whether that be in the local store, traveling or in the comfort of their own home", said Eliron Yaron, Chairman of The Shelron Group, Inc. We are dedicated to continue to exploit market trends with innovative ideas that would help users of our technology products to save money while they do their everyday shopping while consistently increasing the value of the Shelron Group to the investment community and our loyal shareholder base", Yaron concluded.
About ActivShopper
ActivShopper is a free software download that automatically scans, locates and compares prices for an item that a consumer selects at an e-commerce site. Once the item is selected, ActivShopper finds the lowest prices for that item. In other words, if it is less expensive elsewhere, ActivShopper will find it, saving the consumer money. The ActivShopper browser sits under the toolbar, letting the consumer search the Internet without interfering. ActivShopper eliminates browsing comparative shopping sites and trying to understand complex comparative tables. No more jumping from site to site in order to find the best prices. You get the best prices on your browser instantly. ActivShopper is headquartered in New York City. For more information about ActivShopper, visit www.activshopper.com.
About Shelron
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. Further information is available on the Company's website at www.shelrongroup.com.
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ActivShopper Version 1.2 to be Released in March 2005 New Version Includes a Sidebar, Designed to Increase Both Usage and Revenue 3/7/2005 7:00:47 AM
NEW YORK, March 7, 2005 /PRNewswire-FirstCall via COMTEX/ -- The Shelron Group (OTC BB:SHRN - News), a leading provider of e-commerce software, today announced that it plans to release an improved version of ActivShopper, the company's comparative shopping product designed for Microsoft Internet Explorer browsers, by the end of Q1.
The new release's most prominent feature is the ActivShopper Sidebar, a new enhancement that would automatically display comparative shopping results when users search for information in leading search engines such as Google, MSN, AOL, and Yahoo. The information is to be displayed on the left side of the browser. Actual screenshots (low resolution) of the sidebar can be found at the following URL: www.activshopper.com/sidebar.asp
"As we do not want to be intrusive, we have designed the sidebar so that it would only open when users use specific product-related categories such as 'Digital Camera' or 'MP3 Player', or when they use specific product names such as Apple's 'iPod', as their search term.", explained David Becker, Vice President of Shelron Group, Inc. "An additional measure that we plan to take is to allow ActivShopper users to decide if they would like to use the new sidebar feature or not, through a new 'Preferences' icon that would be added to the toolbar in the version 1.2 release.", Becker added.
Following the release of ActivShopper 1.1, which included the free text search functionality, the company saw a rise in the usage of ActivShopper and in the revenue that it generates. "More functionality adds usage and we belive the fact that people would be able to receive comparative shopping information from us even before they reach e-commerce sites or competing comparative shopping websites, should give as an advantage over traditional comparative shopping websites.", stated Eliron Yaron, Chairman of the group.
About ActivShopper
ActivShopper is a free software download that scans, locates and compares prices for an item that a consumer selects at an e-commerce site. Once the item is selected, ActivShopper finds the lowest prices for that item. In other words, if it is less expensive elsewhere, ActivShopper will find it, saving the consumer money. When activated, the ActivShopper toolbar automatically displays information above the browser's main window, allowing the consumer to use the Internet without interfering. ActivShopper eliminates browsing comparative shopping sites and trying to understand complex comparative tables. No more jumping from site to site in order to find the best prices. You get the best prices on your browser instantly. In addition, ActivShopper's free text search, available directly from the toolbar or from http://search.activshopper.com, allows the user to search for millions of products even when the automatic comparison feature is not in use.
ActivShopper is headquartered in New York City. For more information about ActivShopper, visit www.activshopper.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.
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