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Seamless Technology Inc. (OTC: SLSX) (www.seamlesstech.com), today announced its subsidiary Pinneast.com, Inc. (www.pinneast.com) has been ranked among the top companies in the e-Learning industry. Brandon Hall, one of the foremost authorities on e-Learning and industry trends has profiled Pinneast for the second time in two years in their annual report on leading custom content vendors. Pinneast was selected from over 1,000 vendors and, in a survey included with the report, was among the top 20 most frequently mentioned in a survey of 200 individuals responsible for the purchasing and management of e-Learning. The survey is part of an in-depth study of buying habits in a market where, according to Brandon Hall, most outsourcing partners are chosen by "word of mouth." Other firms in the top 20 include Accenture Learning (NYSE:ACN), IBM (NYSE:IBM), Skillsoft (NasdaqNM:SKIL) and Thompson NETg (NYSE:TOC). A complete copy of the report, as well as excerpts, is available from http://www.brandonhall.com/public/publications/cckb/section1.htm. The Company also announced that through October 31, 2005, Pinneast achieved a $1.3 million order backlog by gaining new contracts with Northrop Grumman for providing e-Learning services directly to the U.S. Army Training and Doctrine Command; concluding a renewable, multi-year contract with the Dow Chemical Company for e-Learning courseware design development and consulting; and gaining contracts with numerous other Fortune 500 clients, including GlaxoSmithKlein, BMW Manufacturing, and Wachovia, for course development, consulting and technical services. It is expected that this backlog will be billed over the next 6 months, with the Company expected to achieve average gross margins of 30% from such contracts. For 2005 Pinneast also renewed it strategic agreements with SumTotal Systems, (NasdaqNM:SUMT), the e-Learning industry's dominant learning management software provider. Under the agreements, Pinneast operates SumTotal's Content Integration Laboratory, which tests and certifies courseware from third party vendors on a "for fee" basis, and is also the exclusive global reseller to third parties for SumTotal's content developer's software. It is anticipated that this strategic agreement will result in gross revenues for Pinneast of approximately $150,000 in 2006. In addition to its custom e-Learning services, Pinneast's revenues have also derived from developing and providing services for corporate and commercial training portals. Pinneast uses its own Learning Content Management System to which it has added an e-commerce capability. Clients are primarily small to mid-sized companies which may not have the capability to build and host their own portal. In early 2006 Pinneast plans to roll out a major update to the software for licensing to customers for installation on their own servers. Improvements will include those that are in high demand in the global e-Learning market, such as a multi-language capability and the ability to take courses off-line, which is particularly important in many regions of the world where reliable connections are an issue. Pinneast is using Fifth Wave technology and concepts to rapidly roll out the Learning Management System in .net format and expects the beta test to be completed in the fourth quarter of 2005. According to Bersin and Associates the Learning Management System market is $US 350 million annually growing at a rate of 26% per year, and the initial license cost for a system with 1000 users is $83 per user, with additional annual maintenance fees of 20%. According to the Pinneast's President, Brian Popken, "Pinneast has achieved this high level of recognition, sales, and growth potential, by adopting a business-to-business model that provides 'end-to-end' e-Learning products and services that help clients optimize efficiency and profitability. The result is that our clients seek us out. They understand that unlike our competitors, we have the ability to do more than just design effective e-Learning programs. We have the technical skills to ensure that our programs will work in our client's delivery system and its operating environment. Additionally, we have been preparing for rapid growth by restructuring our operations to employ a mix of on- and offshore resources, and investing in research and development. We are also busy kicking off a national marketing campaign and have contracted for a series of branding and product promotion ads in our industry trade journals. We also plan on one or more exhibits at industry shows. Combined with our existing base of major clients, key government contracts, strategic partnerships, and new product rollouts, projected revenues should increase to a minimum of $2.2 million in 2006 and $3.3 million in 2007, with projected EBITDA over $800,000 in 2006, and over $1.3 million in 2007. We believe strongly that the secret to success is being ready for the opportunity--then making it happen." ABOUT SEAMLESS TECHNOLGY INC.: Seamless Technology is a public holding company for Internet based technology companies. It presently owns two established technology companies with excellent industry name recognition and reputations. The Company has located other synergistic businesses that it intends to acquire prior to the end of 2005. The first subsidiary owned by Seamless is Pinneast Inc. (www.pinneast.com), a eleven year-old e-Learning services provider, which is one of the only e-Learning companies that survived the shakeout caused by the bursting of the Internet bubble, because of its large government and Fortune 500 clients. The Company will recognize gross revenues in 2005 of a minimum of $1.4 million with an EBITDA of approximately $400,000. The Company's projected revenues should increase to a minimum of $2.265 million in 2006 and $3.3 million in 2007, with projected EBITDA of $823,000 in 2006 and $1.347,402 in 2007. The Company has achieved a sustainable level of profitability due to the multi-year contracts that it has with its clients. Furthermore, the Company has a present order backlog exceeding $1.3m, including 2 contracts from the US-Army. Other customers of Pinneast include Dow Chemical, Wachovia, Volvo Trucks, Delta Airlines and Johnson and Johnson, among others. The Company offers web based course management, learning management systems, LMS hosting and e-Learning technical support. Unlike its competitors, who offer a product that is one size fits all, Pinneast is capable of designing e-Learning products that are tailored to the specific needs of each client. The second subsidiary is Merchandizer Inc. (www.merchandizer.com), which is a seven year old eCommerce software company and service provider that provides end to end online services for small to medium sized companies that want to expand their marketing to the Internet sales channel. The Company's clients number approximately 3,000, with such well-known names as Dole Plantations, Total Discount Vitamins, Go-To Forms and Kids Customs. The Company's software has been awarded the PC Magazine's Editor's Choice Award as tops in its field. The key feature of the software is that it allows users to add customized design features, as opposed to most of its competitors that require that the merchant/client have a store that looks like all other stores utilizing the same software. Merchandizer keeps its software up-to-date with the latest advances in Internet marketing, and its ecommerce software has an exclusive Internet marketing feature built into its software that allows the merchants/clients to optimize their entire catalog and categories for search engines, and achieve very high ranking, including the first and second pages in the search engines, such as Google and Yahoo. Merchandizer also provides a wide range of templates that enable web designers to customize sites. This allows merchants/clients, without design flair, to build a respectable looking eCommerce site by simply picking pre-packaged design themes, and then choosing from the 30 built-in templates designed to suit every catalog layout requirement. The Company also aids its clients with web promotion and online marketing services, including Search Engine Optimization that increases the presence of the site on the web, and thereby attracts more customers to the client's site. The Company will recognize gross revenues in 2005 of approximately $200,000 with an EBITDA of $50,000. The Company is projecting gross revenues in 2006 of $1,800,000 increasing to gross revenues of $2,572,000 in 2007, with a projected EBITDA of $723,385 in 2006 and $1,470,000 in 2007. Seamless has consolidated gross assets of over $4,400,000 and net shareholders equity of $3,100,000. The Company's consolidated revenues have increased from $388,000 in 2004, and a loss of ($451,000) to 2005 gross revenues of $1,600,000 and an EBITDA of $350,000. The Company, without considering the imminent strategic acquisitions mentioned above, is projected to increase gross revenues to $4,065,000 in 2006 and $4,873,000 in 2007, with projected EBITDA of approximately $1,366,000 in 2006 and 2,500,000 in 2007. FORWARD LOOKING STATEMENTS: Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. The Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; the Company will appropriately inform the public.