SOURCE: Seamless Technology Inc.

August 24, 2006 10:53 ET

Seamless Technology Appoints New Board Member

Rafael Casas Joins the Seamless Board of Directors

MIAMI, FL -- (MARKET WIRE) -- August 24, 2006 -- Seamless Technology Inc. (PINKSHEETS: SLSX) ( -- a leading technology provider of e-business solutions announced it has appointed Rafael Casas to fill a vacancy on its Board of Directors, left by Doran Jason, who resigned on July 12, 2006.

Mr. Casas is President of DCS-I Group (, a wealth management and investment counseling organization established to meet the unique financial service needs of both U.S., and non U.S., institutions, families and individuals. Mr. Casas has been Vice-President, Senior Vice-President and Director of several U.S. commercial banks that include Eastern National Bank and Pinebank in Miami. He was also the Director in charge of client relations for an international investment advisor with assets under management in excess of U.S. $ 350 million.

Mr. Casas holds a degree in business administration from the Universidad Catolica Andres Bello in Caracas, Venezuela.

"We are excited that Mr. Casas has decided to join our team. He brings extensive financial and operations management experience and a proven record of strengthening financial performance for private and public companies. His acumen in building financial solutions for clients will add tremendous value to our company," said Borys Rafalowicz, Seamless' President and CEO.

"Recognizing the potential of Seamless' new management team and operational restructure, I am excited and eager to assist in every way possible to help the company," said Mr. Casas.

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Seamless Technology is a publicly traded holding company that focuses on the acquisition, development and operating of 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 2006, subject to completion of financing. At December 31, 2006 Seamless had consolidated net shareholders equity of approximately $3,500,000 and is debt free.

The first subsidiary owned by Seamless is Pinneast Inc. (, an eleven year-old e-Learning services provider which offers custom web based learning and education, learning management systems, LMS hosting, off the shelf courses 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 Company has a present order backlog including contracts from the US-Army and was selected as part of a defense contractor team for the United States Army's Distributed Learning Education and Training Products (DLETP) program. The total contract is estimated at a total value of $483 million over the next five years. Other customers of Pinneast include Dow Chemical, Wachovia, Citigroup, First Data, California Courts, and GlaxoSmithKlein, among others.

The second subsidiary owned by Seamless is MerchandiZer Software, Inc. (, a seven year-old e-Commerce software company and service provider of end-to-end online storefront and shopping cart services for small to medium-sized companies that want to expand their marketing presence on the Internet sales channel. Over the years the Company's software has been awarded various industry recognition awards, and includes custom design features such as templates that enable web designers to customize sites, as well as an exclusive Internet marketing feature that allows the merchants/clients to optimize their entire catalog for search engines. The software has also been recently reengineered to be highly scalable and meet the demands of exponential growth. The Company primarily services small to medium businesses and its clients include brand name companies such as Dole Plantations, Total Discount Vitamins, Go-To Forms and Kids Customs.


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.

Seamless Technology Inc.
3155 NW82nd Avenue, Suite 200
Miami, Florida 33122
Phone: 305-477-8177

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