Phinder Technologies Announces Name Change, New Trading Symbol and Sales Update
Phinder Technologies Announces Name Change, New Trading Symbol and Sales Update
TORONTO, Feb. 8 /PRNewswire-FirstCall/ -- Phinder Technologies Inc., (formerly Digital Rooster.com Ltd), has begun trading under the symbol "PHDTF" in order to reflect the company's change of direction. The name change was approved by a majority of shareholders at the company's annual and special meeting held on December 30, 2004. Shareholders also voted in favor of changing the company's domicile to the State of Florida. The change of domicile will result in the "F" being removed from the company's trading symbol and is expected to be in effect shortly.
Additionally, Phinder announced an increase in the weekly volume of sales over the previous week of TheYellowpages.bz (www.typ.bz) online directory package. Sales in last 3 days of the past week rose by 101% compared to the previous week, averaging about 50 sales a day.
"Adding 50 new sales a day is a good start" said CEO John van Arem. The current pace (selling 6 days a week) translates to ADDING roughly 2,400 new customers a month to the active client database. Each customer pays a monthly fee of $29.95 or $359.40 per year.
Phinder is currently focusing on pursuing more rapid growth of the database. While the company expects a certain amount of customer attrition (cancellations) on a monthly basis this is not anticipated to exceed 10% and all sales forecasts and growth projections have taken this variable into account.
About Phinder Technologies Inc.:
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Phinder Technologies is an electronic market developer specializing in creating and marketing software solutions that enable communities and groups with little to no internet savvy to create an online presence.
About Axcess Internet Solutions, Inc.:
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Axcess Internet Solutions, Inc. is a wholly owned (100%) subsidiary of Phinder. The company aggregates services into a competitive bundle it markets as TheYellowpages.bz (www.typ.bz).
In compliance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, PHDTF notes that statements contained in this announcement that are not historical facts may be forward-looking statements that are subject to a variety of risks and uncertainties. Accordingly, PHDTF wishes to caution readers of this announcement that its future actual results may differ materially from those that any forward-looking statements may imply. There is no assurance the above-described events will be completed. There can be no assurance of the ability of the company to achieve sales goals, obtain contracts or financing, consummate acquisitions or achieve profitability in the future. The above and additional factors are discussed in detail in the company's filings with the U.S. Securities and Exchange Commission. These may be viewed at www.sec.gov and many other Web sites without charge.
Source: Phinder Technologies Inc.
CONTACT: Phinder Technologies Inc., (416) 815-0044 (FAX)
or investor@phinder.com, www.phinder.com
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