Sitoa Global Accepts Offer Letter to Explore Strategic Acquisition
HONG KONG, Feb. 19, 2013 /PRNewswire via COMTEX/ -- Sitoa Global Inc. (OTCQB:STOA) (PINKSHEETS: STOA) ("Sitoa" or the "Company"), announced today that it accepted an offer letter from a diversified technology company and the owner of certain waste-to-energy and other renewable assets (the "Energy Business") in respect of a proposed transaction in which Sitoa will purchase the Energy Business in exchange for common shares in Sitoa. Both parties entered an exclusivity period during which a detailed memorandum of understanding and definitive agreements will be prepared.
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 ability of the Company to consummate an acquisition of the Energy Business; the business prospects and financial performance of the Energy Business; the ability of the Company to successfully develop the Energy Business and 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.
Contact:Investor Relationsinfo@sitoaglobal.com
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Investment Profile
OTCBB Markets: STOA
Sitoa Global Inc. is an e-commerce facilitator that seeks to enable new advances in e-commerce by building and managing leading online marketplaces that match online sellers with targeted customer groups. The Company's efforts target the growth of e-commerce, online media, and social networking. Its goal is to provide infrastructure for online sellers designed to attract focused customer communities as part of a social marketplace, expanding retail selling channels without the risks of focus dilution, increased capital, and operating costs. As part of its revenue model, the Company shares in revenue generated by the marketplace sites, in addition to charging one-time integration and hosting fees.
The coffeewave.com is very excited to find a gem as huge as this new company, Sitoa Global Inc..
There new cutting edge E-commerce solutions are very new and exciting and growing.
The mark of a good business plan is the ability to add new sales and this company is doing just that.
Please take the time to look at there new ideas for E-commerce solutions below and at the end make sure and read the latest press release on there huge revenue year so far.
They have grown revenues into the million and up over 1500% in nine months.
Beside the great revenues they have grown some huge new customers and adding more everyday.
I see the possibility of ten to twenty five million in revenues in 2013 now.
the time to buy is during and ahead of the huge increases in customers and revenues as this generally brings in huge price increases in the stock and new possibilities of buyouts with these huge revenues.
Time is now to buy into this company toward a free trading status.
Be sure and read more blow about the revenues and the financial statement as part of your due diligence research.
Dave
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STOA Security Details
Share Structure
Market Value 1 |
$292,821 |
a/o Dec 14, 2012 |
Shares Outstanding |
39,042,847 |
a/o Oct 22, 2012 |
Float |
2,800,000 |
a/o Aug 16, 2011 |
Authorized Shares |
Not Available |
Par Value |
0.0001 |
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Company Description
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B2B e-commerce platform that optimizes supply chain sourcing for international enterprise customers.
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Google's largest Search Engine Marketing (SEM) and Search Engine Optimization (SEO) provider in Northern China.
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Mobile advertising platform that engages online-to-mobile customers.
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Chunjie365 – a bi-lingual e-commerce site offering specialty gift items.
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Sonsi, Inc. – a destination e-commerce site for women sizes 12 & up which allows them to purchase retail clothing products as well as social networking.
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Expand product line without taking on inventory risk.
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Online Catalog expansion without additional inventory
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Direct Connectivity
to Social Networks
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Convert products with low inventory turnover to a drop-ship model
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B2B search engine – specifically designed for searching global B2B websites
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E Catalogs – a catalog that is massively scalable and originally built for some of the largest ‘big-box’ retailers on the planet
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Inventory Management - effectively plan, execute and analyze demand-based category and assortment strategies, while driving overall profitability
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Transaction Engine – multiple payment gateways, order tracking and logistics solutions
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B2B search engine – specifically designed for searching global B2B websites
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Charmings Shoppes has the world’s largest plus-sized women’s customer base
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An aggregation of dozens of niche boutiques in apparel & accessories
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An integration of social network—blogs, forums, Facebook & Twitter— and focused online storefront
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is a China based eCommerce website, utilizing the Sitoa Global Focused Social Marketplace, providing gifts for the Chinese consumer market. “ChunJie” is Chinese for Spring Festival or Chinese New Year’s. This is a special time for all Chinese people in that they spend the holiday celebrating and rejoicing – sharing their joys and good fortunes of the previous year, giving gifts, relaxing, eating and drinking together and spending quality time.
It is also the largest human migration in the world with an estimated 600 million people traveling over a two week period.
Financial estimates, though difficult to gauge, easily reach into the Multi-billion dollar range over a two week time frame.
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About the Company
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Solutions and Services:
- Multi-channel B2C (business-to-consumer) and B2B (business-to-business) transactions with speed and efficiency.
- Interactive and engaging customer experience and targeted marketing and advertising.
Hosting of five existing e-commerce solutions:
- B2B e-commerce platform that optimizes supply chain sourcing for international enterprise customers.
- Google's largest Search Engine Marketing (SEM) and Search Engine Optimization (SEO) provider in Northern China.
- Mobile advertising platform that engages online-to-mobile customers.
- Chunjie365 – a bi-lingual e-commerce site offering specialty gift items.
- Sonsi, Inc. – a destination e-commerce site for women sizes 12 & up which allows them to purchase retail clothing products as well as social networking.
Sitoa Global – the 4 elements of Global Sourcing B2B Solutions
- B2B search engine – specifically designed for searching global B2B websites
- E Catalogs – a catalog that is massively scalable and originally built for some of the largest ‘big-box’ retailers on the planet
- Inventory Management - effectively plan, execute and analyze demand-based category and assortment strategies, while driving overall profitability
- Transaction Engine – multiple payment gateways, order tracking and logistics solutions
Sitoa Global – the 4 elements of Global Selling “Focused Social Marketplace” B2C Solutions
- Expand product line without taking on inventory risk
- Online Catalog expansion without additional inventory
- Direct Connectivity to Social Networks
- Convert products with low inventory turnover to a drop-ship model
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The 4 elements of Global Sourcing
(B2B Solutions)
Expand your global sourcing platform…..
4-GS B2B platform greatly increases convenience for your users by giving them defined search capabilities, accessing those choices & allowing them to manage and secure those products directly through you’re a closed-end platform. With the 4-GS platform, your product sourcing is streamlined and secure from search to identification to ordering to delivery.
- B2B search engine – specifically designed for searching global B2B websites
- E Catalogs – a catalog that is massively scalable and originally built for some of the largest ‘big-box’ retailers on the planet
- Inventory Management - effectively plan, execute and analyze demand-based category and assortment strategies, while driving overall profitability
- Transaction Engine – multiple payment gateways, order tracking and logistics solutions
The 4 elements of Global Selling
(B2C Solutions)
Expand your eCommerce opportunities…..
An online marketplace increases convenience for your visitors by giving them more product choices and allowing them to order those products di- rectly through your webstore. With an online marketplace, your business can leverage third-party inventory to enable eCommerce or to offer greater product category depth and breadth.
In online marketplaces:
Product and inventory information is provided by third-party suppliers
Sales transactions are processed on your website and your business serves as the merchant of record
Orders are communicated back to the suppliers, who fulfill them.
- Expand product line without taking on inventory risk
- Online Catalog expansion without additional inventory
- Secure the business of the “long tail”
- Convert products with low inventory turnover to a drop-ship model
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Ticker Symbol – OTCQB: STOA
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