Pricester.com Acquires Solar Energy Company, Genesis Electronics
Genesis holds U.S. patent for making solar technology viable in portable hand-held device.
pricester.com - May 29, 2008
(PRNewsChannel) / Hollywood, Fla. - Pricester.com, Inc. (OTCBB:PRCC), an Internet marketing and technology company, announced the acquisition of Genesis Electronics, Inc. in a stock-based transaction.
Genesis, a high technology company headquartered in Norwalk, Connecticut, is an innovator in consumer applications for solar energy and alternative energy sources.
Pricester President & CEO, Edward Dillon, commented, “Pricester is a growing and forward thinking corporation. Our acquisition of Genesis Electronics is an important step towards achieving our fundamental goal of bringing significant technological advances to market.” Genesis CEO, Robert Unnold, added, “The fit between Pricester and Genesis is highly advantageous to the advancement of the entire organization. We’re excited and proud to be part of the Pricester family.”
Pricester’s Chairman, Raymond Purdon, said, “Our aim is to upstream the growth of Pricester in meaningful ways, to both strengthen the company and create added value for our shareholders. The addition of Genesis Electronics is an integral component of that strategy.”
Forward Looking Statements
Except for historical matters contained herein, matters discussed in this release are forward-looking and are made pursuant to the safe harbor provisions of the 1995 Private Securities Litigation Reform Act. 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; entry barriers; relationship reliance; technological changes; website demand; introduction of new systems; vendors pricing; and supply of software.
In light of risks and uncertainties 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 these statements to reflect events or circumstances after the date hereof.
Media Contact:
Pricester.com, Inc., Hollywood
Ed Dillon, President & CEO, 954-272-1200
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