Savtira Corporation and Consumer Electronics Wholesale Distributor Petra Industries Enter a Strategic Agreement

1. Savtira Corporation and Consumer Electronics Wholesale Distributor Petra Industries Enter a Strategic Agreement<br />TAMPA, June XX, 2011 — Savtira Corporation (Savtira), a new provider of B2B Cloud Commerce solutions, is proud to announce an agreement with Petra Industries (Petra), the nation’s leading wholesale distributor of consumer electronics, custom installation products, mobile audio/video accessories and appliance connection supplies. The agreement will allow Petra to distribute its large inventory to Savtira partner stores.<br />“With more than 20,000 products from 500 manufacturers, Petra gives us competitive pricing to big box retailers and allows Savtira to handle physical good fulfillment for our distribution partners. We anticipate great demand for Savtira’s Cloud Commerce platform, the first of its kind to process purchases of both physical products and digital goods in one unified shopping cart,” says Timothy Roberts, CEO of Savtira Corporation.<br />quot;
Savtira's platform presents us with an opportunity to extend Petra’s huge inventory to new markets. As we continue to expand upon our partner network, the Savtira business model aligns well with our goal of providing the most comprehensive selection of products to a wide array of consumers across many verticals,” says Tate Morgan, Executive Vice President of Petra Industries. “We look forward to a successful partnership with Savtira.”<br />About Savtira Corporation<br />Based in Tampa, Florida, Savtira is in the business of Digital Distribution with a Software-As-A-Service (SaaS) e-commerce platform that is a turnkey system for the distribution, marketing, merchandising, and selling of both digital media and physical goods in a single store and a single, unified shopping cart. Savtira’s solutions make it possible for businesses to distribute digital goods directly from a custom-tailored eStore, as well as the option to include physical goods. Savtira is also building the next Carrier-Class “Entertainment Distribution Network” (EDN) to stream all digital media from the cloud with a feature set that eclipses anything on the market. For more information on Savtira, visit: www.savtira.com. Follow us on Twitter at: http://twitter.com/savtira.<br />About Petra<br />Petra is the nation’s leading wholesale distributor of consumer electronics, custom installation products, mobile audio/video accessories and appliance connection supplies. Headquartered in the Oklahoma City metropolitan area for more than 26 years, Petra carries more than 20,000 products from more than 500 manufacturers. Petra's mission is to provide the highest level of service, integrity and product value to ensure customer satisfaction. Petra's full-color catalog is mailed twice annually to more than 110,000 retailers, e-tailers, custom installers and integrators nationwide. Additionally, Petra offers same-day shipping for orders placed before 6:00 p.m. CDT, a lowest-price guarantee to beat any competitive distributor's price on an identical item, expert sales support, a no minimum order policy and 24-hour ordering from its website or from the mobile website using a smartphone or Internet-enabled mobile device. Petra is a member of CEA, CEDIA and PARA. For more information on Petra, visit www.petra.com or call 1-800-443-6975.<br />This press release may contain forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this news release. <br />Savtira is a registered trademark. Other names are for informational purposes only and may be trademarks of their respective owners.<br />###<br />Contact: Mike Hansen<br />Savtira Corporation<br />Phone: 813-402-0123<br />Fax: 813-440-3800<br />Email: pr@savtira.com <br />Website: www.savtira.com<br />