LAS VEGAS, NV -- 11/03/09 --
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 are 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.
CONTACT INFORMATION
One World Ventures, Inc.
5348 Vegas Drive
Las Vegas, NV 89108
USA Tel (+1) 702-789-1088
investors@1worldventures.net