Logiq Inc (LGIQ)

[balamidas]

Sitoa Global Announces New Corporate Website

Date : 10/31/2011 @ 10:00AM
Source : GlobeNewswire Inc.
Stock : Sitoa Global Inc. (STOA)
Quote : 0.25 0.02 (8.70%) @ 9:47AM


Sitoa Global Inc. (OTCQB:STOA) (the "Company"), an e-commerce facilitator, today announced that a new corporate website is launched.

The website, www.sitoaglobal.com, provides a descriptive overview of the Company's service offering as well as two sections for representative marketplaces using the Sitoa Focused Social Marketplace platform.

The Company built the marketplace platforms for Sears.com, Homedepot.com and Target.com and subsequently added in proprietary elements of social media to create the "Focused Social Marketplace".

The Company is rolling out its Focused Social Marketplace platform to other marketplaces and e-commerce sites in China and Southeast Asia to better enable them to participate in the growing Social Commerce market.

Cal Lai, the Company's President and CEO, commented, "Investors and partners should now be able to gain a better idea of the Company and our core strengths. Since launching Sitoa Global's initiatives to take the Focused Social Marketplace to other countries, we've been focused on building the business and we wanted our investors to gain a better understanding of what Sitoa Global does. The new corporate website should assist in communicating that as well as providing a platform for updates."

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.