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Simple answer, Yes.

Nothing. Try again...

I agree with all of the above comments. The only reason I'd use a subdomain would be for a members-only area or support section that you don't want ranked or indexed.

The best way to make a press release effective is to have a media or blogger read it, and call you. I would work on establishing relationships with those people via twitter and blogs, and then sending a link to the press release.  One good link on a radio, TV or high level blog is far more valuable than what you are suggesting. I think the days of using many, many type web tactics to build links are fading.  we need to think like PR people. I know, this isn't much help.  To answer your question directly, assuming your release has some merit besides links, I would use the sites the pro's use like www.marketwire.com/

Cheers

Hi Dejan Thanks, all good points so much appreciated.

I agree with EGOL on this one... keep it all under one roof.  If you're looking for SEO value on the mini sites, why not turn them into landers that point back to your main site instead of the other way around?

If it's just currency that you want to have different i suggest not having that  /en   /us   /uk Because most of your website will then be duplicate.... Unless you plan on having different content for every /en/pagename    /us/pagename   /uk/pagename   i suggest not having /en/us/uk

Consider reversing your thinking from "what will be my loss to panda" into "what can I do to make this site kick ass". Reach for opportunity, extend yourself. If this was my site I would get a writer on those product descriptions to make them unquestionably unique, beef them up, add salesmanship and optimize them for search.  This will give you substantive unique content, that converts better, pulls more long tail traffic and moves out of competition with other sites that do the minimal. Sure, it will cost money but in the long run it could bring back a huge return. My only caution on this is that if you make this investment in writing you need to do that on a site that has can pull reasonable traffic.  If you do this on a site that has no links it will not do you much good.  It is part of a marketing plan not a single item on a "to do" list.

What i am planning to do is - create a small function that based on the user agent will render the content i.e. if the user agent is of smart phones, it will render mobile version of the website and if it is desktop then it will render the desktop version. I hope it does not amounts to cloaking. Please correct me if i am wrong