Sterling Business Solutions Inc
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Company profile

Sterling Business Solutions, Inc., formerly known as Virtual Reality Inc., is a Professional Employer and Finance Organization (PEFO), that provides Payroll Administration, Human Resources Benefits, Financing, Funds Administration, Credit Card Processing and Equipment Leasing. The Company owns Technology Innovation Group Inc., which specializes in the development and manufacturing of new technology and systems for aerospace applications in technical disciplines such as electro-optical systems for space flight, helmet-mounted displays, artificial intelligence, holographic optical designs, and engineering and training simulation. The Company is set to acquire Intellashop.com, which is designed to meet all of the consumer's shopping needs. By allowing consumers to personalize their shopping preferences, Intellashop provides the tools to source products and product information, check real-time availability, compare price and quality of merchants, and obtain price and availability alerts.

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UPDATE: Facebook Shops could represent a $30 billion revenue opportunity, analyst says

11:58 pm ET May 20, 2020 (MarketWatch)
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Deutsche Bank analyst Lloyd Walmsley is more upbeat about Facebook Inc.'s (FB) market opportunity in commerce following the company's recent announcement of Facebook Shops, which lets businesses operate unified online stores across Facebook and Instagram (http://www.marketwatch.com/story/facebook-unveils-facebook-shops-for-small-businesses-2020-05-19). "We see the broader deployment of more advanced e-commerce solutions meaningfully expanding the potential revenue opportunity beyond our initial estimate from a year ago that Instagram Checkout could be a $10 billion revenue in a bull case," he wrote. Now he sees the revenue opportunity standing at up to $30 billion as Shops "expands from the tagging and transactional elements of Instagram Checkout to offer merchants a more branded experience on the broader platform." Walmsley said that Facebook shares outperformed the S&P 500 in the month after the company's Instagram Checkout announcement last year and argued that the stock could "similarly outperform" over the next month in the wake of Tuesday's Shops announcement. He rates the stock a buy with a $220 target price. Facebook shares are up 5.1% in Wednesday trading. They've added 6.2% over the past three months as the the S&P 500 has lost 11.9%.

-Emily Bary; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 20, 2020 23:58 ET (03:58 GMT)

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