SLSX: (www.seamlesstech.com) 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. SLSX has 18,172,000 common shares outstanding with 2,000,000 shares in the float. Seamless Technology is generating an enormous amount of revenue for a company in this price range. The Company, without considering acquisitions and other substantial projects under negotiation, is projected to increase gross revenues to $4,065,000 in 2006 and $4,873,000 in 2007. With this LOW float and increasing revenues, Seamless appears to be a very undervalued company.
SLSX is currently attempting to acquire other companies. An acquisition is expected to happen this quarter : "The Company has located other synergistic businesses that it intends to acquire prior to the end of the first quarter of 2006".
Recent News and Acquisitions:
Acquisition:MerchandiZer Finalizes Purchase of Online Development Associates. (news)
Army Contract:Seamless Technology Inc. Announces Its e-Learning Subsidiary on Team Selected for $483 Million Army Contract. (news)
Pinneast Inc: (www.pinneast.com) Is an e-Learning service provider with large government and fortune 500 clients. These clients include the U.S Army, Dow Chemical, Wachovia, Volvo, Delta Airlines and Johnson and Johnson. In 2005 their gross revenue was 1.3 million. Revenue is expected to increase to 2.265 million in 2006 and 3.3 million in 2007.
On 10/31/2005 Pinneast achieved a $1.3 million order backlog from new contracts with Northrop Grumman. (news)
MerchandiZer Inc: (www.MerchandiZer.com) Is an eCommerce software company and service provider. They have aproximately 3,000 company clients including Dole Plantations, Total Discount Vitamins, Go-To-Farms and Kids Customs. The product and company have won many awards including best E-Commerce product by PC Magazine. The companies gross revenue for 2005 was 200,000 they are projecting an increase in reveneus to 1,800,000 in 2006 and 2,572,000 in 2007.This revenue guidance for the Company is now under review for a substantial increase.