PARA up 50%
And here's why:
biz.yahoo.com
Wednesday September 1, 10:57 am Eastern Time
Company Press Release
SOURCE: Paramount Financial Corporation
Paratech Resources Inc. Builds One-of-a-Kind Online
Bartering Site - TradeandSwap.com
JERICHO, N.Y., Sept. 1 /PRNewswire/ -- Paramount Financial Corporation (Nasdaq:
PARA - news) recently announced
that its Internet Development, network integration and Information Technology
subsidiary, Paratech Resources Inc., has
completed the design and development of a unique new online bartering web site,
TradeandSwap.com. This 100% barter site
enables consumers and businesses to post items they would like to trade and make a
swap for a product they would like.
Unlike E-Bay, Amazon and other auction sites, TradeandSwap.com is unique in that no
cash is exchanged between the two
trading partners.
Paratech utilized state-of-the-art web technologies for easy, secure use. Traders must
first complete a simple registration form
whereby they are issued a user ID and password. Then they begin their trading
experience by either browsing the vast and
eclectic catalog via the site's convenient ''category/sub-category'' system or ''search''
feature to find items they want using
Paratech Resources' custom developed application.''
The way E-Bay changed the way people look at and use the web, TradeandSwap.com
can do the same,'' says Stuart Belloff,
Executive Vice-President and Chief Technology Officer of Paratech Resources Inc. He
adds, ''Barter is the original form of
commerce used at the dawn of time; it is about time someone made it part of the newest
Electronic Commerce!''
TradeandSwap.com's main categories include such proven Internet favorites as:
Antiques; Books, Movies, Music; Coins &
Stamps; Collectibles; Computers; Dolls, Figures; Jewelry, Gemstones; Photo &
Electronics; Pottery & Glass; Sports
Memorabilia; Toys & Beanies; and Miscellaneous. The listings are regularly update with
new items added to their appropriate
categories on an hourly basis.
There are no costs for making an offer on items at TradeandSwap.com. Only once a
trade is made is a fee charged by
TradeandSwap.com. The site provides for three different payment options: $14.95 per
trade, $29.95 for unlimited trading per
month, and $200 for a yearly membership of trading which provides members with
valuable coupons and promotional
giveaways.
A special feature Paratech's web designers developed especially for
TradeandSwap.com is the ''product display'' option.
Traders are able to post pictures of the items they are offering utilizing a sophisticated
yet easy to use application engineered by
Paratech's top technical staffers. Traders can download the photo, edit the picture as
needed, match the image to the item being
posted and then verify that the picture has been correctly posted next to its description.
To assure safe and positive trading experiences, the site provides for traders to obtain
information on how to trade safely, as
well as for a secured clearinghouse to which items are sent, eliminating the worry from
traders as to whether or not they will
receive the item for which they traded.
TradeandSwap.com has been optimized for Microsoft Internet Explorer Version 4.0 or
above. For additional information, view
the web site at: TradeandSwap.com or contact a Paratech Resources representative at:
516-681-0606.
Paramount Financial Corporation is a business solution provider, offering customers a
wide range of integrated services
including lease finance, information technology consulting, network design and
implementation, and staffing services. The
Company's stock is traded on the Nasdaq stock exchange under the symbol PARA.
Statements contained in this press release, which are not historical facts, are
forwarding-looking statements. The
forward-looking statements in this press release are made pursuant to the safe harbor
provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements made herein contain a
number of risks and uncertainties that could
cause actual results to differ materially. These risks and uncertainties include, but are not
limited to, specific factors impacting
the Company's business including increased competition; the availability of computer
equipment; the ability of the Company to
expand its operations and attract and retain qualified sales representatives experienced
in the purchase, sale and lease of new
and used computer equipment; the ability of the Company to attract and retain IT
professionals skilled in specific applications;
the ability of the Company to attract and retain qualified personnel in the legal staffing
sector; technological obsolescence of the
Company's portfolio of computer equipment; competition in the IT consulting sector and
general economic conditions.
SOURCE: Paramount Financial Corporation |
