Shelron Group Completes $1.5 Million Private Placement.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Shelron Group (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:SHRN SHRN So Hot Right Now ), a leading provider of e-commerce software, announced that the Company consummated an aggregate fund raise of $1.5 million through a Private Placement from a private investor as an act of confidence in the company's present and planned activities. The terms of the transaction include providing the private investor with 18.5 million shares of restricted stocks to remain restricted until such time that the Company files a Registration Statement with the Securities & Exchange Commission. This funding is intended to support, step by step, the company's Advertising Campaigns and the analysis of their results, accelerate the achieving of large downloads / active users' base, support the recruiting of more talented people to Shelron Group's front line, secure additional technology development for the comparison shopping arena in larger categories worldwide. The Company is also considering strategic acquisitions of synergistic technologies that management believes will enhance Shelron's positioning. "After examining several options, the Company chose this financing mechanism with shareholder value in mind. It remains paramount that this interim funding and all other funding vehicles to be the least dilutive possible while furthering our marketing and acquisition goals. To effectuate our marketing plan we needed additional financing. In order to make money one must spend money prudently, and I believe that in the long run all the steps we are taking regarding financing the Company's activities will add value. Our shareholders know that Shelron has the ability to manage and develop under relatively low budgets, leveraging the use of every dollar invested," stated Eliron Yaron, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . About ActivShopper: ActivShopper is a free software download that automatically scans, locates and compares prices for an item that a consumer selects at an e-commerce site. Once the item is selected, ActivShopper finds the lowest prices for that item. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , if it is less expensive elsewhere, ActivShopper will find it, saving the consumer money. The ActivShopper browser sits under the toolbar A row or column of on-screen buttons used to activate functions in the application. Many toolbars are customizable, letting you add and delete buttons as required. Toolbars may be fixed in position or may float, which means they can be dragged to a more convenient location in the , letting the consumer search the Internet without interfering. ActivShopper eliminates browsing comparative shopping sites and trying to understand complex comparative tables. No more jumping from site to site in order to find the best prices. You get the best prices on your browser instantly! ActivShopper is headquartered in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . For more information about ActivShopper, visit www.activshopper.com. About Shelron Group, Inc.: Shelron Group, Inc., develops business intelligence (BI) software e-commerce advertising and comparative shopping software products and services. The company's stock is publicly traded and quoted on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. under the symbol SHRN. Further information is available on the company's website at www.shelrongroup.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: This press release contains forward-looking statements that involve risks and uncertainties. Shelron Group's actual results could differ materially from those discussed in such forward-looking statements based on a variety of factors. Other risks are reflected in Shelron Group's filings with the Securities and Exchange Commission. |
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