AUSTIN, Texas, April 11, 2011 /PRNewswire/ -- eDoorways International Corporation (Pink Sheets: EDWY) is targeting the rapidly expanding US ecommerce market as a primary source of its revenue for the remainder of 2011 and 2012. The company is introducing its new ecommerce software in May as part of its goal to foster commerce via its advanced PowerKey-driven personalized collaboration technology.
eDoorways is positioning itself for a big push in the marketplace. The company is encapsulating its advanced PowerKey collaboration technology into a new product called a FlashChannel. FlashChannels will serve as a one-of-a-kind commerce venue that combines advanced search capabilities, real-time person-to-person connectivity (via PowerKeys) with the ability to engage in buy-sell transactions. "A good example is a seller of a stereo unit who will now be able to instantly create a FlashChannel to showcase the unit, show the stereo operating in a real-time demonstration via live video streaming, immediately attract interested purchasers, and then have the ability to close the sale," stated Gary Kimmons, CEO of eDoorways International Corporation. Sellers will also be able to offer Groupon-like coupon inducements to potential customers using eDoorways' new VoucherHound technology. "The combination of these features in a single, easy-to-use context (i.e., a FlashChannel) is entirely unique, bringing both buyers and sellers the benefit of consummating commerce transactions quickly, easily and more effectively," concluded Kimmons.
JP Morgan reports that global ecommerce will grow 19% in 2011 to $680B, with a US market of $187B. Forrester's US numbers for 2011 are $191.7 billion and $210 billion for 2012. According to Forrester, ecommerce is set to grow at a compound annual growth rate of 10% through 2015, with ecommerce reaching $279B in the US.
Based on these estimates, eDoorways International Corporation conservatively believes that it can generate revenues of $50M during the next 12 to 24 months of operation. With the Company's proprietary software and service offering, there is the possibility for it to secure one tenth of one percent of the market ($200M) by 2015.
For more information on eDoorways International Corporation and/or the "eDoorways" (www.eDoorways.com) initiative, please e-mail a package request to [email protected]. You can also visit our corporate website at www.eDoorwaysCorp.com, make comments via the corporate blog (www.eDoorways.wordpress.com), or follow us on Twitter (http://twitter.com/edoorways).
Safe Harbor for Forward-Looking Statements:
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.
Heritage Corporate Services, Inc.
Jeffrey Staller, President
SOURCE eDoorways International Corporation