What really is the strategy of hosting a website carrying thousands of recycled press releases?
If it is an altruistic endeavor, host it and pay for it as a public service and do not sweat the search engines rightly ignoring it. You will be rewarded in heaven.
If you wish to make money off business information go out and cover business events, conventions, expos, tour the factories etc., and produce original articles and illustrate with original images, videos, interviews and so on and so forth.
The days of every Tom, Dick and Harry throwing up a website and pasting material they did not create and expecting to make a buck are (hopefully) over.
I am sick and tired of the wikepedias, wikihows, ehows, wikitravel and same breed websites stealing and rewriting original material and ranking so high in the serps. It sets a bad example which the OP or his client cannot be faulted for trying to emulate.
It is nothing mysterious why traditional media is dying. Having all the equipment and degreed staff to cover anything from a celebrity cocktail to a major disaster is for naught when a blogger can scrape the story essentials, rank #1 for it, then point to the source as an afterthought.
Classic example drudge report and hundreds of fellow bed-mates.
[edited by: mromero at 7:26 am (utc) on Jun 9, 2014]