M2 PRESSWIRE-March 2, 2011-StockProfiler.US: Online Shopping & Online Games(C)1994-2011 M2 COMMUNICATIONS
RDATE:02032011
Boston, MA -- eLayaway, Inc. (OTCBB: ELAY); Shanda Games Limited (NASDAQ: GAME)
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Company News: eLayaway Expands Its Services to Include Layaway Program Support for Brick and Mortar Retailers
TALLAHASSEE, Fla., Mar 01, 2011 - eLayaway, Inc. (OTCBB: ELAY.OB), the Internet's first and only patent pending layaway payment processor has released the eLayaway Virtual Terminal, a new brick & mortar version of its popular online layaway application.
eLayaway, Inc. closed at $0.18 on Tuesday, trading 1,882 shares.
About eLayaway
eLayaway is an online payment system that allows consumers to pay for the products and services they desire using manageable periodic payments, thereby making purchases affordable and easy to budget. Payments are automatically drafted from the consumer's designated bank account via Automated Clearing House ("ACH") on the modifiable schedule set by the consumer at the time of purchase. A flat 1.9% transaction fee is charged to the consumer and all payments are held in an account in trust at HSBC Bank and transferred to the merchant once full payment has been made. Like traditional layaway programs of the past, delivery of the product or service occurs once payment is complete. Payment processing and supporting services are handled by eLayaway while merchants provide order fulfillment. For many online merchants, eLayaway offers an opportunity to provide layaway to their customers as a means to expand market share while reducing the administrative requirements of traditional layaway. Merchants are now turning to payment alternatives such as eLayaway in order to take advantage of opportunities that increase sales and profits. Today, approximately one-half of all consumers do not qualify for credit. eLayaway provides an alternative payment method that allows these consumers to make the purchases they desire while enabling merchants to sell additional products on an immediate basis. In addition to eLayaway.com, the Company also owns and operates eLayawaySPORTS.com, eLayawayTRAVEL.com and eLayawayHEALTH.com. eLayaway, Inc. was founded in 2005. Press summary, logos and screenshots available for download at: eLayaway.com/press.
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Company News: Shanda Games Reports Fourth Quarter and Full Year 2010 Unaudited Results
SHANGHAI, March 1, 2011 - Shanda Games Limited ("Shanda Games", or the "Company") (NASDAQ: GAME), a leading online game developer, operator and publisher in China, today announced its unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2010.
Shanda Games Limited closed at $5.74 Tuesday, trading 707,300 shares.
About Shanda Games
Shanda Games Limited is a leading online game developer, operator and publisher in China. Shanda Games offers a diversified game portfolio, which includes some of the most popular massively multiplayer online role-playing games (MMORPGs) and advanced casual games in China, targeting a large and diverse community of users. Shanda Games manages and operates online games that are developed in-house, co-developed with world-leading game developers, acquired through investments or licensed from third parties. For more information about Shanda Games, please visit http://www.ShandaGames.com.
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