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Improving the Efficiency of SOA-Based Applications
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From the Wires
PC Universe Receives Private Equity Investment From Sierra Equity Group
PC Universe Receives Private Equity Investment From Sierra Equity Group

By: PR Newswire
Apr. 10, 2007 01:00 PM

BOCA RATON, Fla., April 10 /PRNewswire-FirstCall/ -- PC Universe (Pink Sheets: PCUV), a leading online computer reseller, announced today the closing of a $2 million private equity investment from Sierra Equity Group, LTD. PC Universe plans to use the proceeds to continue to grow sales, implement new systems and enhance working capital financing.

"We are excited about our first major private equity investment after over 11 years of successful business operations," said Tom Livia, president and co- founder, PC Universe, Inc. Livia added, "We are pleased about our partnership with Sierra Equity Group who recognizes the value in our company's business strategy."

"We are impressed with PC Universe's past successes and future plans. We are pleased that we could provide PC Universe with funding that enables them to execute their business plan," Alan Goddard, CEO, Sierra Equity Group.

About PC Universe, Inc.

PC Universe is a technology reseller and solutions provider of over 250,000 technology products and services from over 700 brands such as Apple, Canon, Cisco, Citrix, Epson, HP, IBM, Lenovo, Microsoft, Sony, Symantec and Toshiba. Since 1995, PC Universe has served the information technology needs of businesses of all sizes, federal, state and local government entities as well as educational institutions. PC Universe currently serves its customers through two website properties, http://www.pcuniverse.com/ and http://www.patriotpc.us/ , call center, direct sales force of industry professionals, and technical service team of certified technicians and engineers. PCUniverse.com is an award-winning website and is ranked by Internet Retailer magazine as one of the Top 500 retail sites on the Internet.

For more information visit: http://www.pcuniverse.com/ About Sierra Equity Group, LTD

Sierra Equity Group is a private equity investment group. Sierra Equity Group provides a full range of investment tools to our clients, from asset management to public offerings. Our team of financial professionals work hard to create an investment portfolio uniquely tailored to each individual's specific needs. Our management staff has over fifty years of combined Wall Street experience and are fully committed to serving each and every one of our clients with an unparalleled level of professionalism and dedication.

For more information visit: http://www.sierraeg.com/ Forward-Looking Statements

This release may contain statements that are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current estimates and projections about PC Universe, Inc.'s business, which are derived in part on assumptions of its management, and are not guarantees of future performance, as such performance is difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Such factors include, but are not limited to, the Company's ability to execute effectively its business plan and acquisition strategy, changes in market activity, the development of new products and services, the enhancement of existing products and services, competitive pressures (including price competition), system failures, economic and political conditions, changes in consumer behavior and the introduction of competing products having technological and/or other advantages. These and other risks are described in the Company's filings with the Securities and Exchange Commission, which should be read in conjunction herewith for a further discussion of important factors that could cause actual results to differ materially from those in the forward-looking statements. The Company assumes no obligation to update information concerning its expectations.

Contact: Investor Relations Department 561-208-6967 Website: http://www.pcuniverse.com/

PC Universe, Inc.

CONTACT: PC Universe, Inc., Investor Relations Department,
+1-561-208-6967

Web site: http://www.pcuniverse.com/
http://www.sierraeg.com/

Published Apr. 10, 2007
Copyright © 2007 SYS-CON Media, Inc. — All Rights Reserved.
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