One World Ventures, Inc. Announces Impressive Growth at 1World Cash and the Opening of a New Location
July 15 2010 - 10:19AM
Marketwired
One World Ventures, Inc. (PINKSHEETS: OWVI) subsidiary, 1World
Cash, a money transfer service, announced revenue growth of over
60% for June over May and sales in the first 15 days of July have
surpassed June's totals. "We are undertaking tremendous growth,"
said Stephen Prior, CEO. "We are expanding our cost effective
remittance system and increasing our market exposure. The Company
also increased our membership by 500 customers in the month of
June."
One World also announced the opening of a new 1World Cash retail
location at Planet Square in Hunghom, Hong Kong. The Planet Square
center is in the heart of Kowloon and serves both Filipino and
Indonesian overseas workers with shopping, food, freight and
remittance capabilities.
Furthermore the Company is pleased to announce that it has
signed an agreement with "Citi Express Payment," a business
providing at home delivery of remitted money in Metro Manila and in
the remote provinces of the Philippines. This service will be
available at 1World Cash locations immediately and further enhances
the delivery system to the underbanked and underserved.
After the successful launch of the 1World Cash within the World
Wide House in Hong Kong, the Company continues to embark on rapid
expansion to take advantage of growth opportunities. The Company
re-affirms its goal to open 10 locations and agents in Hong Kong
and opening 1World Cash Locations in Macao and Singapore before the
end of 2010. The Company expects to build out the major remitting
countries in Asia before expanding the business to Europe and USA
in 2011.
Safe Harbor Statement: Any statements contained herein related
to future events are forward-looking statements and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on forward-looking statements. One World Ventures,
Inc. undertakes no obligation to update any such statements to
reflect actual events.
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Contact: One World Ventures, Inc. USA Tel (+1) 702-789-1088
investors@1worldventures.net http://www.1worldventures.net
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