DALLAS, June 5, 2006 (PRIMEZONE) -- John Pentony, Publisher of StockGuru.com, announced today that the web site has released a new exclusive executive interview with David Norman, the President, and Eric Freeman, the CEO of Terrace Ventures Inc. (OTCBB:TVEN) (which will be known as Sporg Technology Corporation pending final merger approval and closing). Mr. Norman and Mr. Freeman discuss recent developments at the company including the Company's unique and cost effective approach to online registrations and donation collection, as well as the Company's revenue structure and market potential.
Mr. Norman and Mr. Freeman are both founders of Sporg.
To listen to the StockGuru.com interview with David Norman and Eric Freeman of Sporg Online Registrations Solutions, please visit:
http://www.stockguru.com/profiles/tven/interview.php
About Sporg Online Registrations Solutions
Sporg (www.sporg.com) is an innovative developer and provider of online software that allows any organization to take complete control over their registration, donation collection and pledging programs.
Sporg's revenue model is transaction and service oriented, similar to the model utilized by eBay. Revenues are natural and recurring, provided by ongoing registrations and donations taking place throughout the year, with annual or repeating registrations being the norm. Specifically, Sporg charges a yearly system access fee to client organizations to enable registration, donation and transaction processing using the Sporg engine. Additionally, Sporg takes a small percentage of each transaction processed through the Sporg system (this transaction revenue model is similar to those utilized by credit card companies).
Sporg's enterprise grade technology and their key business relationship with Cardservice International (a wholly owned subsidiary of First Data Corporation), allows Sporg's clients to accept online payments for merchandise, a unique offering in the registration and donation market segment.
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This Press Release may contain, in addition to historical information, forward-looking statements. These forward looking statements are based on management's expectations and beliefs, and may involve known and unknown risks and uncertainties and other factors that may cause the actual results to be materially different from the results implied herein. In particular there is no assurance that the Merger will be completed, the private placement described above will be completed or that the Company will receive a financing proposal as described above. Generally, there is no assurance that the conditions of the Merger will be satisfied or waived.
Readers are cautioned not to place undue reliance on the forward-looking statements made in this Press Release.
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