Shelron Group Inc. Receives Strong Upgrade by Respected Research Firm...Shelron Group Inc. Receives Strong Upgrade by Respected Research Firm
via COMTEX
December 19, 2006
Management Reported Nine Month Surge in Revenues of 344% Over Prior Year
NEW YORK, December 19, 2006 /PRNewswire-FirstCall via COMTEX News Network/ --
Shelron Group, Inc. (OTC BB: SHRN) is pleased to announce a well-respected equity research firm, Bridge IR Group (BIRG), has upgraded their equity rating on SHRN. This strong upgrade comes at a time when the Company has reported a 344% increase in revenues from directing traffic to merchants' websites through ActiveShopper's software and website from January 1, 2006 through September 30, 2006 as compared to same period 2005. The strong upgrade is also due to the Company's aggressive plans for global expansion of its ActiveShopper.com operations.
Bridge IR Group is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media. To view the entire independent research report, please click on the attached URL:
http://www.bridgeir.com.
Mr. Eliron Yaron, Chairman of Shelron Group, Inc. states, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting upgrade in our stock. This offers further confirmation to our shareholders that our company is headed in the right direction." Mr. Yaron further stated, "We anticipate continued growth in the Fourth quarter and plan to expand our ActiveShopper.com operations on a global scale. According to PricewaterhouseCoopers (April 20, 2006) key word advertising represented 41% of US online advertising spending. During this same period in 2005, internet advertising revenues reached a new record high of $12.5 billion. We anticipate a continued acceleration in growth in correlation to the rise of online advertising demand."
About Shelron Group
Shelron Group Inc. is a leading developer of advertising and comparative shopping software, products, and services. ActiveShopper(TM) is the brand name of the company's comparative shopping products, which include US , UK and Australia comparative shopping websites, a mobile website for cell phone and PDA users, and various price-detecting comparative shopping installable clients. The company's stock is publicly traded on the OTC Bulletin Board under the symbol SHRN. Additional information is available at
http://www.ActiveShopper.com and
http://www.ShelronGroup.com.
Safe Harbor Statement:
This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at
http://www.sec.gov). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements.
Contact: Joel Gering IR / PR Shelron Group +1-212-8364041 IR@activeshopper.com SOURCE Shelron Group Inc Contact: Joel Gering, IR / PR Shelron Group, +1-212-8364041, IR@activeshopper.com
http://www.prnewswire.comCopyright (C) 2006 PR Newswire. All rights reserved