NEW YORK, April 3 /PRNewswire-FirstCall/ -- The Shelron Group, Inc. (OTC BB: SHRN) (the "Company"), the parent company of ActiveShopper(TM), a leading provider of e-commerce software and e-business solutions, today announced that a significant improvement in Q4 operations relative to Q4 2005.
Final quarter revenues for the year 2006 were $456,158, compared with $242,228 for the same period in 2005, an increase of over $231,900, or 88.3%, from 2005.
Net losses during Q4 2006 were $173,810, relative to $235,462 during Q4 2005. This represents a dramatic decrease in net losses of over $61,500, or 26.2%.
About Shelron Group
Shelron Group Inc. is a leading developer of advertising and comparative shopping software, products, and services. ActiveShopper (TM) is the brand name of the company's comparative shopping products, which include US and UK comparative shopping websites, a mobile website for cell phone and PDA users, and various price-detecting comparative shopping installable clients. The company's stock is publicly traded on the OTC Bulletin Board under the symbol SHRN. Additional information is available at http://www.activeshopper.com/ and http://www.shelrongroup.com/.
Safe Harbor Statement:
Safe Harbor Statement This press release may include certain statements that are not descriptions of historical facts, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934. These forward looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives and other forward looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects," or similar terms, variations of such terms or the negative of such terms. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All of such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. A number of factors could cause our actual results to differ from anticipated results expressed in such forward-looking statements. Such factors are addressed in our filings with the Securities and Exchange Commission (available at http://www.sec.gov/). Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein. We assume no obligation to update any forward-looking statements
Contact:
Joel Gering
+1-516-6206794
