TCHH, Headlines!!! TrustCash Comments on Upcoming Closing of Its Aligato Transaction and Its Opportunity in the E-Commerce Industry; E-Commerce Sales Expected to Grow to 189 Billion in 2012. This is an awesome news. This stock is going to explode tmw IMO. This is the news that should push us past those.0005s and put us who are still holding to those .0006s or .0007s. Watch this stock tmw for some explosive volume and some huge gains. Here is the rest of the news for u to read...
ATLANTA, GA--(Marketwire - 05/07/10) - TRUSTCASH HOLDINGS, INC. ("TRUSTCASH" or the "COMPANY") (Pinksheets:TCHH - News) today announces it expects to close the acquisition of a minority stake of Aligato Inc. by Friday, May 14, 2010.
The Aligato transaction gives the Company a competitive advantage regarding its move into the mobile payments space, where it feels that most e-commerce will be transacted in the future.
■Previous Cisco IBSG E-commerce Surveys have noted that amongst other industry highlights:
◦Mobile is a key growth channel
http://newsroom.cisco.com/dlls/2008/...rce_Survey.pdf and;
◦E-commerce is still growing despite the economy. (
http://www.cisco.com/web/about/ac79/...0722_FINAL.pdf)
As the Internet continues to take an ever-greater market share of global retail revenues, the payments industry must continue to innovate and adapt to the evolving needs of both consumers and businesses.
■According to forecasts made by research firm eMarketer, US retail e-commerce sales will jump by 12.7 percent year-over-year during 2010 and reach USD 152.1 billion. 92 percent of those surveyed by the e-tailing group predicted their 2010 e-commerce revenues would climb from last year, with 33 percent of respondents projecting an increase between 6 percent and 15 percent.
■In 2010, the number of US customers who will research products online is projected to reach 162 million, with 82 percent of online researchers, accounting for 133 million people, turning into online shoppers. Sales in the online travel sector will grow by 4.6 percent annually and total USD 92.5 billion in 2010. Online retail and online travel will register USD 244.6 billion in 2010, growing at a 9 percent compound annual rate from 2009 to 2014, the same source indicates.
■eMarketer also states that in the next two years, e-commerce growth is expected to continue at the same pace, indicating that the economy is on its road to recovery. By 2012, e-commerce sales are to jump to USD 189.9 billion, up 11 percent year-over-year.
These statistics combined with the opportunities presented in the mobile commerce channel and recent major industry moves by the likes of Google investing in Corduro -- a mobile payments start up (
Google Ventures Invests in Mobile Payments Startup Corduro) further strengthen the TrustCash opportunity, vision and market position as a leading provider of alternative and adaptable payment solutions for both the web and mobile