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Seamless Technology Inc.'s CEO and Chairman Letter to Shareholders
December 8 2009
Dear Fellow Shareholders,
We would like to provide this update on the recent developments and focus of Seamless Technology, Inc. and its divisions; Pinneast.com, Merchandizer, URT (United Russian Technology) and the Seamless Telecommunication Network. We are diligently working on our 10q and 10k filings, and hope to have an annual report out to you in a timely manner after the close of 2009. Financially, Seamless has virtually no debt, is cash flow positive, and we think positioned for growth led by Mr. Brian Popken of our Pinneast division, which is expected to show revenues of approximately $800,000 for 2009. Growth at Seamless has always been centered on the high productivity utilization of online services and use of the internet for education, VOIP, and e-commerce. Pinneast has been a pioneer in online educational training and has provided the US Army as well as many fortune 500 companies with its services for many years.
Seamless is pleased to announce that during this year we have undertaken the endeavor of expanding our online educational services by attempting to acquire an accredited college to create a new online university division. The downturn in the economy has forced companies to hire only the best qualified job applicants. This, combined with high transportation fuel costs, increased campus tuition and time consumed to attend a physical campus has created an opportunity for Seamless as more people seek online education, certified training classes and the fulfillment of situational requirements. Mr. Popken of Pinneast has been instrumental in leading this expanding area of growth for us as we develop additional synergistic avenues that can potentially add to Seamless' bottom line.
We are excited about Seamless’ future, and look forward to keeping you informed of our progress. We invite you to contact us with any questions or suggestions you may have as we work to grow your company and to develop its position in the rapidly growing online educational services industry.
Best Regards,
Borys Rafalowicz, CEO
FORWARD-LOOKING STATEMENTS:
Statements about the Company's future expectations, including future revenues, plans, estimates, projections and earnings, and all other statements in this letter to shareholders 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.
Jim Williams,
Investors Relations Contact
American Business Development, LLC
Phone: 702-326-1393
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