HOLLYWOOD, Fla., Oct. 25, 2006 (PRIMEZONE) -- Pricester.Com, Inc. (OTCBB:PRCC), a Website development company and Internet shopping portal operator, targeting the small business sector, has announced its third quarter results ending September 30, 2006.
The company is reporting that net sales have increased 363% for the nine months ending September 30, 2006 compared to the same nine month period in 2005. Net sales for the first nine months of this year totaled $85,493. Similarly, Pricester.Com is also reporting an increase of net sales of 303% for the three months ending September 30, 2006 compared to the same time last year. Net sales for the third quarter of this year totaled $37,348.
This is the second consecutive quarter that Pricester.Com has reported a triple digit increase in net sales.
During this period the company is also reporting that its total operating expenses for the nine months ending September 30 increased only 15%.
Pricester.Com's CEO Ed Dillon said, "We are extremely proud of our results for the third quarter and look forward to continuing to service our target markets with a very compelling value proposition in Pricester.Com's suite of product offerings."
Company Founder and President Joe Puentes added, "Since our inception, our vision was to serve as a bridge between the brick and mortar entrepreneur and the Internet. We are delighted to see our vision start to gather market traction while continuing to develop new affordable services to small business owners."
Pricester.Com's Chairman Howard Nue commented, "The best is yet to come if we continue to stay focused and execute our business model. The secret sauce lies in our management and in the cadre of our design and sales groups whose devotion and tenacity has yielded these results. Again, we are very proud of our performance this quarter."
The net result to shareholders was a $0.01 loss per share for the nine months ending September 30, 2006 compared to a $0.02 loss for the same period in 2005.
About Pricester.Com
Pricester.Com is a Website development company and Internet shopping portal operator that enables any business to affordably establish a fully functional online presence. The company's website, Pricester.Com, is an Internet marketplace which allows vendors to host their website with product and service listings and allows consumers to search for those same listed products and services.
The Pricester.Com logo is available at http://www.primezone.com/newsroom/prs/?pkgid=2804
Forward Looking Statements
Except for historical matters contained herein, the matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these statements reflect numerous assumptions and involve risks and uncertainties that may affect Pricester.Com, Inc., its business and prospects, and cause actual results to differ materially from these statements. Among these factors are Pricester.Com, Inc.'s operations; competition; barriers to entry; reliance on strategic relationships; rapid technological changes; inability to complete transactions on favorable terms; the schedule and sell-through for websites; consumer demand for websites; the timing of the introduction of new generation competitive ecommerce systems, pricing changes by key vendors for hardware and software, the timing of any such changes, and the adequacy of supplies of new software product.
In light of the risks and uncertainties inherent in these forward-looking statements, they should not be regarded as a representation by Pricester.Com, Inc. or any other person that the projected results, objectives or plans will be achieved. Pricester.com, Inc. undertakes no obligation to revise or update the forward-looking statements to reflect events or circumstances after the date hereof.
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