SOURCE: Seamless Technology

May 06, 2008 09:00 ET

Seamless Technology Retains Abacus Investments for Advisory Services

Advisory Services to Support Continued Business Expansion

MIAMI, FL--(Marketwire - May 6, 2008) - Seamless Technology Inc. (PINKSHEETS: SLSX) (www.seamlesstech.com) today announced that it has retained Abacus Investments, Corp. ("Abacus"), a subsidiary of Abacus World, Corp., from Aventura, Florida to support and assist Seamless with its growth strategies. Furthermore, Seamless stated that Abacus shall assist Seamless in its efforts to be listed on the OTCBB and be a fully reporting company in order to attract a strong investor base.

"I'm delighted to have retained Abacus and its strong group. Abacus will be an integral part of Seamless' team as it continues to build on its growth strategies," said Seamless' CEO Borys Rafalowicz. "With the assistance from Abacus, I strongly feel that Seamless is well positioned for growth. The growth is planned to be coming organically and through acquisitions that are synergistic with its current subsidiaries."

"We at Abacus are very pleased that we have the possibility to work closely with Borys Rafalowicz and the Seamless management team. Abacus will together with the Seamless team carry out its strategies, expand its commercial activities and bring products and services to market in high volume scenarios. We also intend to work closely with Seamless to make the company fully reporting and move it to a more senior exchange. The Abacus team will work diligently to achieve these objectives," said Abacus' CEO Michael Karpheden.

ABOUT SEAMLESS TECHNOLOGY, INC.

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 soon, subject to completion of financing.

ABOUT ABACUS WORLD, CORP.

Abacus World, Corp. ("Abacus") (www.abacusholdingsgroup.com), through its subsidiaries, is a business advisory firm catered to help small and midsized companies reach their full potential. Abacus' involvement comes in the form of direct ownership in wireless, telecom and technology companies while such involvement takes the form of strategic investment and advisory services in other industries. Abacus identifies best in class midsize private companies, converts these companies into fast growing public entities, and assists them in raising capital for growth. Abacus focuses in the United States and China. Abacus' experienced management team and excellent business network ensure that all functions in the Abacus portfolio companies reach world class prior to public market entry.

FORWARD-LOOKING STATEMENTS:

Statements about the Company's future expectations, including future revenues, plans, estimates, projections 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.

Contact Information

  • Contact:

    Borys Rafalowicz
    CEO
    Seamless Technology, Inc.
    Phone: (305) 477 -8177 ext 103
    borys@seamlesstech.com

    Michael Karpheden
    CEO
    Abacus World, Corp.
    Phone: (305) 491-2214