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APRM American Pacific Rim Commerce Group (CE)

0.0001
0.00 (0.00%)
29 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
American Pacific Rim Commerce Group (CE) USOTC:APRM OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0001 1 00:00:00

American Pacific Rim Commerce Group and One World Ventures, Inc. Sign Letter of Intent to Enter Into Exclusive Distribution Agre

03/11/2009 2:30pm

PR Newswire (US)


American Pacific Rim Com... (CE) (USOTC:APRM)
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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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