American Pacific Rim Commerce Group and One World Ventures, Inc. Sign Letter of Intent to Enter Into Exclusive Distribution Agre
November 03 2009 - 9:30AM
PR Newswire (US)
CITRA, Fla., Nov. 3 /PRNewswire-FirstCall/ -- American Pacific Rim
Commerce Group (OTC:APRM.PK) (http://www.aprcg.com/) and One World
Ventures, Inc. (OTC:OWVI.PK) (http://www.1worldventures.net/),
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. 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." Mr. Steven 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 want to sell their products
and services to the growing Chinese consumer market." 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. ABOUT ONE WORLD VENTURES, INC.: One
World Ventures, Inc. (OTC:OWVI.PK) 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.
The business is the combination of 1WorldCard Limited, Tutamen (HK)
Limited, "Tutamen", a strategic product development and management
resource in Asia, World Auction LLC, "Auction", a technology
developed to host online auctions and e-commerce, 1WorldCard
Limited, "Card", a payroll and debit card targeting the
under-banked, and Vonsi Technologies Inc., "Vonsi", a technology
providing data recordings for VOIP systems into a public traded
company, providing increased access to capital and management and
technical resources within the subsidiary companies. These
businesses together form the cornerstone of the OWVI enterprise and
give the Company the opportunity to grow exponentially in the
coming years. 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.
DATASOURCE: American Pacific Rim Commerce Group CONTACT: Raymond
Talarico of American Pacific Rim Commerce Group, +1-352-591-1785
Web Site: http://www.aprcg.com/
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