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American Pacific Rim Commerce Group Files Second Quarter Results
Jul 07, 2010 (12:07 PM EDT)
Company Capitalizes $143,944 in Assets for Development of its Proprietary E-commerce Platform Scheduled to Launch 4th Quarter 2010
CITRA, Fla., July 7 /PRNewswire-FirstCall/ -- American Pacific Rim Commerce Group (OTC: APRM) (www.aprcg.com) announces it has filed and published its 2nd Quarter, Information & Disclosure Statement including related Financial Statements and the Attorney Letter with Respect to Current Information, per the Issuer Guidelines to the Pink OTC Market, Issuer Services. Following typical review by the Pink OTC Markets the Company expects to maintain its PS Current Information Tier.
Highlighting the filing for the period, the Company capitalized $143,944 for software, hardware and related costs associated with the development of its 'first to market' proprietary e-commerce platform, uniting Small and Medium Sized Business (SME) in the U.S. and ready and willing buyers in China and Hong Kong.
Stated Raymond Talarico, president, "We are actively pursuing the build-out of our e-commerce platform in anticipation of launching revenue producing operations in the 4th Quarter of this calendar year. The continued development of that single asset is critical to our future success. We feel it is important to keep the shareholders and market informed as we inch closer to our goal; launching the first e-commerce site to bring together Small and Medium Size U.S. Businesses (SME) looking to sell their goods, products and services to the largest consumer market in the world – China."
American Pacific Rim Commerce Group is a development stage Company marketing "Made in the USA" products and services manufactured by U.S. Small and Medium Size Businesses (SME) to consumers in Hong Kong and China through its proprietary e-commerce platform. APRM is the first mover in the space to provide transactional-based solutions for small and medium sized U.S. businesses to promote, sell and communicate with willing buyers in Hong Kong and China. APRM provides real-time promotion; sales, logistics and currency conversion in the form of modular e-strategies that we believe will establish our e-commerce backbone as the leading on-line marketplace between Chinese consumers and U.S. businesses. The Company anticipates launching its branded web space 'mymyj,' which loosely translated in Chinese, means "Buy & Sell Festival" in the 4th Quarter of 2010.
Safe Harbor Disclosure:
This press release includes "forward-looking statements" within the meaning of the federal securities laws, identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
SOURCE American Pacific Rim Commerce Group