NewswireToday - /newswire/ -
Winston-Salem, NC, United States, 2010/04/08 - SmallCapReview.com a leading site for news and information on small caps, penny stocks and microcaps is adding Socialwise (OTCBB: SCLW) to its list of stocks "On the Radar".
Socialwise (SCLW) seeks to capitalize on the explosive growth of online commerce. The Company develops platforms that integrate into traditional eCommerce products and services. Its flagship product offering is an online payment solution for young people, BillMyParents.
BillMyParents provides payment solutions targeted to young people between the ages of 8 and 21. Solutions include both Supervised Shopping and MasterCard prepaid card with options ranging from giving parents complete control over purchases to simply monitoring purchase transactions.
SCLW's solutions facilitate communication between parents and young people and help teach financial responsibility.With the release of version 2.0 of BillMyParents, the Company has significantly upgraded its site’s capabilities, giving young people the freedom to shop online, subject to parent-directed controls.
Out of the more than $132 billion spent annually by young people, $40 billion is spent offline on products researched online. Lack of an easy payment method was cited by 40% of teens as the reason why they do not make online purchases. BillMyParents addresses this untapped teen spending market with a multifaceted approach to online payment processing for teens and tweens giving them an easy way to purchase products online without a credit card.
SCLW also recently added a MasterCard prepaid card payment solution that can be used for purchases everywhere MasterCard is accepted. In addition to removing obstacles to online commerce (cited by 40% of teens surveyed), the BillMyParents' prepaid card solution removes the hazards associated with carrying cash.
SCLW Investor Highlights
Announced that professional skateboarder and 2010 Nickelodeon Kids' Choice Awards Favorite Male Athlete Ryan Sheckler has signed a deal with the Company to promote its online BillMyParents payment solution. Sheckler will be part of a major marketing initiative the Company plans to launch in late spring which will include a multitude of top action sports athletes and retailers.
Announced that Grass Roots Research and Distribution - Cohen Independent Research issued an in-depth research report on the Company, which provides a 12-month Cohen Price Target of $1.52 per share.
Announced that professional skateboarder and TV star Rob Dyrdek has signed a deal with the Company to promote its online BillMyParents payment solution and teen MasterCard prepaid debit card. Dyrdek will be part of a major marketing initiative the company plans to launch in late spring that will include a multitude of top action sports athletes and retailers.
Announced the release of version 2.0 of its online teen payment solutions site, BillMyParents. BillMyParents has significantly upgraded its previous capabilities giving teens the freedom to shop online (subject to parent-directed controls) and has added a MasterCard prepaid card payment solution that can be used for purchases everywhere MasterCard is accepted.
Features available at SmallCapReview.com include in-depth profiles of select Small-Cap/Penny Stocks as well as the most comprehensive and up to date news available on the small-cap market.
SmallCapReview.com feature stock reports are intended to be stock ideas, not recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company website and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our website. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. The information provided in this report is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
Copyright SmallCapReview. All rights reserved. SCR is not a Registered Broker/Dealer or Financial Advisor. All materials presented on our website and individual reports released to the public through this website, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes. Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility, particularly small-caps. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views, opinions or recommendations contained herein will produce profitable results. SmallCapReview may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our website or within our reports In order to be in full compliance with the Securities Act of 1933, Section 17(b), SCR will disclose in it's disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the SmallCapReview website. SmallCapReview has been compensated up to five thousand dollars for its efforts with regards to Socialwise by a third party Maxim Media.
We encourage our readers to invest carefully and read the investor information available at the web sites of the Securities and Exchange Commission (SEC) at: sec.gov and/or the National Association of Securities Dealers (NASD) at: nasd.com . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its website.