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Replies to post #73 on BUMPY JOHNSON'S ROCK'EM SOCK'EM STOCK PLAYS
Joe1979
10/24/11 1:43 AM
#74 RE: bootysweat #73
In the second and third quarter of this year, Sitoa Global announced a number of corporate developments. The Company received investments from ICCP Venture Partners and Bill Porter, the founder of eTrade. The development of two international marketplaces which will utilize the 'Focused Social Marketplace' platform, Chunjie365 for China and ShopshipUSA for the Philippines. Strategic partnership with Soconison Technology Ventures which will result in licensing fees to Sitoa for Soconison's portfolio companies using the Sitoa Focused Social Marketplace platform. A number of customer wins and product partners for Sitoa Global including Buzzstrong Cookies, Fragrancenet.com, eBags, Sonsi.com and others. Strategic partnership with SolanaHK Limited to provide a hosted solution for Sitoa Global's Focused Social Marketplace. George Yu, the Company's CFO, added, "Our recent developments have put the company into a solid position for growth and we continue to seek new strategic partnerships and customer wins. With the name change and reverse split now effective, the old legacy business is officially gone and Sitoa Global will seek to maximize shareholder value."