HUBV Hubb Ventures Inc (PK)

Seamless Technology Inc. (OTC: SLSX) (www.seamlesstech.com), today announced its wholly owned subsidiary, MerchandiZer Software Inc's (www.merchandizer.com), eCommerce software has been rated the second highest ranking shopping cart software currently on the market. A non biased review can be read at Shopping Cart Software Review http://shopping-cart-review.toptenreviews.com/ merchandizer-pro-review.html (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.). Merchants using the MerchandiZer software processed $22,646,776.06 in retail transactions last year to 854,855 customers in 227,957 individual retail transactions. These merchant sales are expected to increase by a minimum of 10 percent during 2005, and by 25% in 2006, as the Company implements its national market campaign. Over the past six months MerchaniZer has added 65 new features and improvements to the MerchandiZer ecommerce software. These new features will allow its clients to do such things as open new resellers sales channel for their retail products, and manage their sales processing more efficiently. These new and improved features are one of the major reasons that 2006 gross sales in the retail system are expected to increase dramatically. Typical of the clients presently being serviced by the eCommerce software include: AB Kohler & Co www.abkohler.com Founded in 1980, AB Kohler & Company is a full service advertising and promotion agency. AB Kohler & Company uses a unique feature of MerchandiZer that allows any merchant to open a new channel of sales by duplicating a base ecommerce site's catalog items, and brand it differently depending on the need of each reseller. AB Kohler & Company uses this base site (http://www.ejeweleronline.com/) to duplicate product offerings and fulfillment services to as many resellers as they can sign up to utilize the program. All catalog items are the same in all sites and can be shipped from a single drop-ship facility. This feature makes it very efficient to manage numerous independent and unique professionally designed sites by just the click of a button. A representative list of sites using the eCommerce software with the Kohler fulfillment services include: http://shop.andrewzdiamonds.com/merchant/index.html http://shop.davidthejeweler.com/merchant/index.htm http://shop.sargentsjewelry.com/merchant/index.htm These individual ecommerce jewelers have their own sites with added links to their respective sites, all utilizing the same catalog information. These features bring the same amount of products to more end consumers that shop at each individual jeweler's ecommerce site. Securitas AB www.securitas.com Securitas is a world leader in providing security solutions comprising guarding services, alarm systems and cash handling services to numerous international clients. Securitas has more than 200,000 employees and operates in more than 20 countries mainly in Europe and North America. The company is utilizing MerchandiZer's software to sell its promotional products to its own employees, while making it efficient to manage all of these transactions. The company in the near future will be opening an ecommerce retail site to sell promotional items to the general public using Merchandizer Ecommerce software. Mr. Krister Martinez, president of the MerchandiZer Software subsidiary, in announcing the award and the continuing rollout of new features for its clients stated: "We have been working very hard in the last few months to build on our award winning software's reputation by adding even more unique features to our software suite. Unlike our competitors, our software is not one size fits alls, and allows clients like Kohler and Securitas to design and implement a unique ecommerce site for their employees and their customers. We are now focusing on our marketing plan to bring the features of eMerchandiZer to a broadening client base in the next few months. This marketing campaign should allow the Company to achieve gross revenues of $1,800,000 in 2006, increasing to gross revenues of $2,572,000 in 2007, with a projected EBITDA of $723,385 in 2006 and $1,470,000 in 2007. " ABOUT SEAMLESS TECHNOLGY INC.: Seamless Technology is a public holding company for Internet based technology companies. It presently owns two established technology companies with excellent industry name recognition and reputations. The Company has located other synergistic businesses that it intends to acquire prior to the end of 2005. The first subsidiary owned by Seamless is Pinneast Inc. (www.pinneast.com), a eleven year-old e-Learning services provider, which is one of the only eLearning companies that survived the shakeout caused by the bursting of the Internet bubble, because of its large government and Fortune 500 clients. The Company will recognize gross revenues in 2005 of a minimum of $1.4 million with an EBITDA of approximately $400,000. The Company's projected revenues should increase to a minimum of $2.265 million in 2006 and $3.3 million in 2007, with projected EBITDA of $823,000 in 2006 and $1.347,402 in 2007. The Company has achieved a sustainable level of profitability due to the multi-year contracts that it has with its clients. Furthermore, the Company has a present order backlog exceeding $1.3m, including 2 contracts from the US-Army. Other customers of Pinneast include Dow Chemical, Wachovia, Volvo Trucks, Delta Airlines and Johnson and Johnson, among others. The Company offers web based course management, learning management systems, LMS hosting and E-Learning technical support. Unlike its competitors, who offer a product that is one size fits all, Pinneast is capable of designing e-Learning products that are tailored to the specific needs of each client. The second subsidiary is Merchandizer Inc. (www.merchandizer.com), which is a seven year old eCommerce software company and service provider that provides end to end online services for small to medium sized companies that want to expand their marketing to the Internet sales channel. The Company's clients number approximately 3,000, with such well-known names as Dole Plantations, Total Discount Vitamins, Go-To Forms and Kids Customs. The Company's software has been awarded the PC Magazine's Editor's Choice Award as tops in its field. The key feature of the software is that it allows users to add customized design features, as opposed to most of its competitors that require that the merchant/client have a store that looks like all other stores utilizing the same software. Merchandizer keeps its software up-to-date with the latest advances in Internet marketing, and its ecommerce software has an exclusive Internet marketing feature built into its software that allows the merchants/clients to optimize their entire catalog and categories for search engines, and achieve very high ranking, including the first and second pages in the search engines, such as Google and Yahoo. Merchandizer also provides a wide range of templates that enable web designers to customize sites. This allows merchants/clients, without design flair, to build a respectable looking eCommerce site by simply picking pre-packaged design themes, and then choosing from the 30 built-in templates designed to suit every catalog layout requirement. The Company also aids its clients with web promotion and online marketing services, including Search Engine Optimization that increases the presence of the site on the web, and thereby attracts more customers to the client's site. The Company will recognize gross revenues in 2005 of approximately $200,000 with an EBITDA of $50,000. The Company is projecting gross revenues in 2006 of $1,800,000 increasing to gross revenues of $2,572,000 in 2007, with a projected EBITDA of $723,385 in 2006 and $1,470,000 in 2007. Seamless has consolidated gross assets of over $4,400,000 and net shareholders equity of $3,100,000. The Company's consolidated revenues have increased from $388,000 in 2004, and a loss of ($451,000) to 2005 gross revenues of $1,600,000 and an EBITDA of $350,000. The Company, without considering the imminent strategic acquisitions mentioned above, is projected to increase gross revenues to $4,065,000 in 2006 and $4,873,000 in 2007, with projected EBITDA of approximately $1,366,000 in 2006 and 2,500,000 in 2007. FORWARD LOOKING STATEMENTS: Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will appropriately inform the public. SOURCE: -0- *T Seamless Technology Inc. 3155 NW82nd Avenue, Suite 200 Miami, Florida 33122 Phone: 305-477-8177 www.seamlesstech.com www.pinneast.com www.merchandizer.com *T