PALO ALTO, Calif., Oct. 31, 2011 (GLOBE NEWSWIRE) -- Sitoa Global Inc. (OTCQB:STOA) (the "Company"), an e-commerce facilitator, today announced that a new corporate website is launched.
The website, www.sitoaglobal.com, provides a descriptive overview of the Company's service offering as well as two sections for representative marketplaces using the Sitoa Focused Social Marketplace platform.
The Company built the marketplace platforms for Sears.com, Homedepot.com and Target.com and subsequently added in proprietary elements of social media to create the "Focused Social Marketplace".
The Company is rolling out its Focused Social Marketplace platform to other marketplaces and e-commerce sites in China and Southeast Asia to better enable them to participate in the growing Social Commerce market.
Cal Lai, the Company's President and CEO, commented, "Investors and partners should now be able to gain a better idea of the Company and our core strengths. Since launching Sitoa Global's initiatives to take the Focused Social Marketplace to other countries, we've been focused on building the business and we wanted our investors to gain a better understanding of what Sitoa Global does. The new corporate website should assist in communicating that as well as providing a platform for updates."
About Sitoa Global Inc.
Sitoa Global provides an easy-to-use and comprehensive platform, the "Focused Social Marketplace" that enables online retailers to deploy a social marketplace e-commerce site. Sitoa's platform allows building marketplaces for online sellers with focused social customer networks to expand their sales channels without the risks of focus dilution, and increased capital and operating costs. Sitoa shares in revenues generated by the site in addition to charging integration and hosting fees. Additional information about Sitoa may be found on its website, http://www.sitoaglobal.com.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the continued growth of the e-commerce segment and the ability of the Company to continue its expansion into that segment; the ability of the Company to successfully execute its business plan; the business strategy, plans, and objectives of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements.