SOURCE: Wall Street News Alert

November 09, 2005 09:52 ET

Aggressive Traders Alert: Emerging Public Company's Subsidiary Announces Industry "Top 20'' Ranking by Industry Analyst and $1.3m in Sales Orders!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- November 9, 2005 --Wall Street News Alert's "stocks to watch" this morning are: Seamless Technology Inc. (OTC: SLSX), Microsoft Corp. (NASDAQ: MSFT), Lucent Technologies (NYSE: LU) and Intel Corporation (NASDAQ: INTC).

Seamless Technology Inc. (OTC: SLSX) should be on the screen of aggressive investors and day traders this morning! Yesterday the company issued a press release announcing that its subsidiary, Inc. has been ranked among the top companies in the e-Learning industry. In addition, it was also announced that Pinneast had a record sales order backlog.

News of the ranking and record sales backlog should get the attention of investors, as Brandon Hall, one of the foremost authorities on e-Learning and industry trends has profiled Pinneast for the second time in two years in their annual report on leading custom content vendors. Pinneast was selected from over 1,000 vendors and, in a survey included with the report, was among the top 20 most frequently mentioned in a survey of 200 individuals responsible for the purchasing and management of e-Learning.

Continue to watch this company! The Company also announced that through October 31, 2005, Pinneast achieved a $1.3 million order backlog by gaining new contracts with Northrop Grumman for providing e-Learning services directly to the U.S. Army Training and Doctrine Command; concluding a renewable, multi-year contract with the Dow Chemical Company for e-Learning courseware design development and consulting; and gaining contracts with numerous other Fortune 500 clients, including GlaxoSmithKlein, BMW Manufacturing, and Wachovia, for course development, consulting and technical services. It is expected that this backlog will be billed over the next 6 months, with the Company expected to achieve average gross margins of 30% from such contracts.

Investors should continue to monitor the progress of Seamless Technolog! According to the Pinneast's President, Brian Popken, "Pinneast has achieved this high level of recognition, sales, and growth potential, by adopting a business-to-business model that provides 'end-to-end' e-Learning products and services that help clients optimize efficiency and profitability. The result is that our clients seek us out. Combined with our existing base of major clients, key government contracts, strategic partnerships, and new product rollouts, projected revenues should increase to a minimum of $2.2 million in 2006 and $3.3 million in 2007, with projected EBITDA over $800,000 in 2006, and over $1.3 million in 2007. We believe strongly that the secret to success is being ready for the opportunity -- then making it happen."

The stock closed yesterday at $1.30 a share.

For an updated and in-depth profile of Seamless Technology, visit

In case you are not familiar with the company: Seamless Technology is a public holding company for 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 2005.

The first subsidiary owned by Seamless is Pinneast Inc. (, a eleven year-old e-Learning services provider, which is one of the only eLearning companies that survived the shakeout caused by the bursting of the Internet bubble, because of its large government and Fortune 500 clients. The Company will recognize gross revenues in 2005 of a minimum of $1.4 million with an EBITDA of approximately $400,000. The Company's projected revenues should increase to a minimum of $2.265 million in 2006 and $3.3 million in 2007, with projected EBITDA of $823,000 in 2006 and $1.347,402 in 2007. The Company has achieved a sustainable level of profitability due to the multi-year contracts that it has with its clients. Furthermore, the Company has a present order backlog exceeding $1.3m, including 2 contracts from the US-Army. Other customers of Pinneast include Dow Chemical, Wachovia, Volvo Trucks, Delta Airlines and Johnson and Johnson, among others.

The second subsidiary is Merchandizer Inc. (, which is a seven year old eCommerce software company and service provider that provides end to end online services for small to medium sized companies that want to expand their marketing to the Internet sales channel. The Company's clients number approximately 3,000, with such well-known names as Dole Plantations, Total Discount Vitamins, Go-To Forms and Kids Customs. The Company's software has been awarded the PC Magazine's Editor's Choice Award as tops in its field. The Company will recognize gross revenues in 2005 of approximately $200,000 with an EBITDA of $50,000. The Company is projecting gross revenues in 2006 of $1,800,000 increasing to gross revenues of $2,572,000 in 2007, with a projected EBITDA of $723,385 in 2006 and $1,470,000 in 2007.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Microsoft Corp. (NASDAQ: MSFT) up 0.1% on 60 million shares traded, Lucent Technologies (NYSE: LU) down 2.1% on 78.9 million shares traded and Intel Corporation (NASDAQ: INTC) up 0.2% on 39.9 million shares traded.


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