eDoorways Positioned to Benefit From Bull Market Generated by Exceptionally Strong LinkedIn IPO
AUSTIN, Texas, May 23, 2011 /PRNewswire/ -- eDoorways International Corporation (Pink Sheets: EDWY) has positioned itself for positive participation in the long lasting, powerful trend of social media. In what looks like one of the biggest Internet IPOs since Google, shares of social networking company LinkedIn jumped 109 percent to $94.25 on the first day they began trading on the New York Stock Exchange.
"The market now is exceptionally strong for social networking stocks," said Gary Kimmons, CEO of eDoorways International Corporation. "We believe that we are at the right place at the right time to participate in the bull market. Many believe our stock to be undervalued, which could present itself as an opportunity to those looking to ride the social media wave and to associate themselves with a social networking ecommerce company with great potential."
eDoorways has worked aggressively to create an advanced technology and to establish international business connections that can facilitate rapid growth in overseas as well as domestic markets. The Company has laid the groundwork to become one of the most exciting social networking ecommerce sites out there, and it is almost ready to launch. As it emerges, eDoorways' perceived value both in the marketplace and as a potential acquisition target could grow tremendously.
LinkedIn's IPO suggests that the number of mergers and acquisitions will increase this year as social networking companies grow. All the rest of the companies in the pipeline will be extraordinarily active acquirers as well.
For more information on eDoorways International Corporation and/or the "eDoorways" (http://www.eDoorways.com) initiative, e-mail a package request to [email protected]. Visit the corporate Web site at eDoorwaysCorp.com (http://www.eDoorwaysCorp.com), make comments via the corporate blog (http://www.eDoorways.wordpress.com), or follow the company 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 forecast 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.
Contact:
Heritage Corporate Services, Inc.
Jeffrey Staller, President, 561-210-5675
[email protected]
SOURCE eDoorways International Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article