HOLLYWOOD, Fla., June 29, 2007 (PRIME NEWSWIRE) -- Pricester.com, Inc. (OTCBB:PRCC), which operates an innovative Internet shopping portal and provides cost-effective website development and related internet marketing services, has announced the promotion of Phillip P. Thomas to the position of Executive Vice President.
Mr. Thomas, a respected high-tech marketing executive with over twenty-five years of industry experience, is currently Pricester's Chief Technology Officer and has formerly held key senior positions with Hitachi Semiconductor America, Cisco Systems Access Business Unit, AT&T/NCR, as well as other technology-based private companies.
Thomas will oversee key operational areas of the company and provide the direction and leadership to help achieve critical strategic company goals. "Phil's experience and knowledge is a substantial asset to our organization and we're pleased to have him assume additional responsibilities," said Pricester CEO Ed Dillon.
In 2002, Mr. Thomas founded Sage Technology Resources, a firm specializing in assisting early-mid stage technology companies in areas such as due diligence, strategy, market development and operations. "Phil will also play an essential role in our growth, as we look for synergistic relationships with other companies that can rapidly upstream our profitability and value to investors," Dillon added.
About Pricester.Com
Pricester.Com is an e-commerce company currently operating a website that enables any business to establish a fully functional online retail presence. The company's website, http://www.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.primenewswire.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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