One World Ventures, Inc. and American Pacific Rim Commerce Group Sign Letter of Intent to Enter Into Exclusive Distribution Agre
November 03 2009 - 8:48AM
Marketwired
One World Ventures, Inc. (PINKSHEETS: OWVI)
(www.1worldventures.net), and American Pacific Rim Commerce Group
(PINKSHEETS: APRM) (www.aprcg.com), today, announced the signing of
a Letter of Intent (LOI) to enter into a exclusive Distribution
Agreement, whereby One World Ventures will provide certain
proprietary web-based fulfillment, processing and distribution
methodologies in China to American Pacific Rim Commerce Group's
Chinese business and retail customers.
The LOI provides for American Pacific Rim Commerce Group to
exclusively utilize the processing technologies, logistic and
distribution methodologies of One World Ventures, Inc. in exchange
for a progressive percentage of gross margins of revenue generated
by APRM's Chinese B2B and B2C website.
American Pacific Rim Commerce Group projects fiscal 2010 revenue
to be $12,679,040 and will generate minimum fees and distribution
payments of 12.8% to One World Ventures, Inc. of $1,622,917,
increasing to 18.0% or 2,282,227 based on utilization, recurring
revenue and additional services as may be requested by APRM. Cost
savings to American Pacific Rim Commerce Group under the terms of
the final Agreement are offset 9.2% or $1,170,000 as a result of
reduced Costs of Goods (COG) and transaction fees.
Mr. Stephen Prior, CEO of One World Ventures, Inc., added, "One
World Ventures has systematically acquired or developed most of the
'back-of-the-house' functions APRM needs to fulfill, distribute and
process the sale of goods and products produced by U.S. small and
medium sized businesses to buyers here in China." Further, added
Prior, "The team at APRM can focus their efforts on the marketing
side of the business model, which is their greatest strength.
APRM's management team are experts at attracting small and medium
sized U.S. businesses, who what to sell their products and services
to the growing Chinese consumer market."
Mr. Raymond Talarico, President of American Pacific Rim Commerce
Group, stated, "We're please to enter into the LOI with One World
Ventures as a means to fast-start our business model and maintain
our 'First-to-Market' status, and, while much work still needs to
be done on the Agreement, this (LOI) is a first step towards
revenue producing operations." Further, stated Talarico, "The
management team of One World Ventures has the resources and
technologies to get our clients' products into the hands of our
customers in China, in the most cost-effective manner possible. We
look forward to building the alliance between our companies for the
mutual benefit of our shareholders, clients and customers."
ABOUT ONE WORLD VENTURES, INC.:
One World Ventures, Inc. (PINKSHEETS: OWVI) is a holding
company, with management resources in Asia and the United States,
that invests in technologies, communities and systems that
facilitate trade, finance, communication and travel across
international boundaries, cultures and languages. Management has
substantial international experience in Central America, Africa and
Asia, setting up companies and establishing trade and commerce. The
company leverages these skills with emerging technologies and
strategic alliances to provide creative solutions and market
opportunities.
ABOUT APRM:
American Pacific Rim Commerce Group is a development stage
Company marketing "Made in the USA" products and services
manufactured by U.S. Small and Medium Size Businesses (SME) to
consumers in Hong Kong and China through its proprietary e-commerce
platform. APRM is the first mover in the space to provide
transactional-based solutions for small and medium sized U.S.
businesses to promote, sell and communicate with willing buyers in
Hong Kong and China. APRM provides real-time promotion, sales,
logistics and currency conversion in the form of modular
e-strategies that we believe will establish our e-commerce backbone
as the leading on-line marketplace between Chinese consumers and
U.S. businesses. The Company anticipates launching its branded web
space 'mymyj,' which loosely translated in Chinese, means "Buy
& Sell Festival" in the third quarter of 2009.
Safe Harbor Disclosure:
This release includes "forward-looking statements" within the
meaning of the federal securities laws, identified by such terms as
"believes," "looking ahead," "anticipates," "estimates" and other
terms with similar meaning. Although the Company believes that the
assumptions upon which its forward-looking statements are
reasonable, it can give no assurance that these assumptions will
prove to be correct. Important factors that could cause actual
results to differ materially from the Company's projections and
expectations are disclosed in the Company's filings. All
forward-looking statements in this release are expressly qualified
by such cautionary statements and by reference to the underlying
assumptions.
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CONTACT INFORMATION One World Ventures, Inc. 5348 Vegas Drive
Las Vegas, NV 89108 USA Tel (+1) 702-789-1088
investors@1worldventures.net
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