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Monday, May 23, 2011 10:02:12 AM
eDoorways Positioned to Benefit From Bull Market Generated by Exceptionally Strong LinkedIn IPO
1 hours 16 minutes ago - PR Newswire via Comtex
PR Newswire
eDoorways International Corporation (Pink Sheets: EDWY) has positioned itself for positive participation in the long lasting, powerful trend of social media. In what looks like one of the biggest Internet IPOs since Google, shares of social networking company LinkedIn jumped 109 percent to $94.25 on the first day they began trading on the New York Stock Exchange.
"The market now is exceptionally strong for social networking stocks," said Gary Kimmons, CEO of eDoorways International Corporation. "We believe that we are at the right place at the right time to participate in the bull market. Many believe our stock to be undervalued, which could present itself as an opportunity to those looking to ride the social media wave and to associate themselves with a social networking ecommerce company with great potential."
eDoorways has worked aggressively to create an advanced technology and to establish international business connections that can facilitate rapid growth in overseas as well as domestic markets. The Company has laid the groundwork to become one of the most exciting social networking ecommerce sites out there, and it is almost ready to launch. As it emerges, eDoorways' perceived value both in the marketplace and as a potential acquisition target could grow tremendously.
LinkedIn's IPO suggests that the number of mergers and acquisitions will increase this year as social networking companies grow. All the rest of the companies in the pipeline will be extraordinarily active acquirers as well.
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