One World Ventures, Inc. Announces New Remittance Into China With 1World Cash and the Opening of Third & Fourth 1World Cash Loca
August 19 2010 - 10:55AM
Marketwired
One World Ventures, Inc. (PINKSHEETS: OWVI) 1World Cash, a money
transfer service, today announced its expansion into China. 1World
Cash is now able to remit and transfer funds from Hong Kong and
other countries directly to all Chinese banks. The Company is able
to leverage support, staffing and overhead from its Tutamen
manufacturing subsidiary. The Asia Pacific region is one of the
fastest growing markets for money transfer in the world. According
to the World Bank, China is the second largest remittance-receiving
country with $32.5 billion recorded in 2009.
OWVI also announced the opening of two new 1World Cash retail
agency locations in Mong Kok (one of Hong Kong's liveliest
districts, jammed full of shops, street-side stalls, as well as
Hong Kong's famous Mong Kok Ladies Market). According to the
Guinness Book of Records Mong Kok is the most densely populated
place on the planet, squeezing in over 130,000 people per km2.
"With our capabilities to send money, China 1World Cash can now
provide a quality but affordable remittance service that enables
all the travelers, students, workers to send immediate cash to bank
accounts in China. This service will be of great help to both
Chinese & business customers here, China has been a strong
market for a number of years and now with the strength of China's
import and export industry, the demand for sending funds into the
country is growing, thereby creating a good opportunity to expand
our business in this region. We expect gross revenue to grow to
over HK$1 million (US$ Approximately 135,000) for the first time in
the month of August. We continue to build trust and expand our
customer base at a rapid rate," says Steve Prior CEO, One World
Ventures Inc.
About One World Ventures, Inc.
One World Ventures, Inc. is a company with management resourced
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.
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
http://www.1worldcash.net
One World Ventures (CE) (USOTC:OWVI)
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