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Share Name | Share Symbol | Market | Type |
---|---|---|---|
One World Ventures Inc (PK) | USOTC:OWVI | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.0034 | 40.00% | 0.0119 | 0.0042 | 0.0119 | 0.0119 | 0.006 | 0.007 | 33,851 | 20:55:27 |
"The Company continues to show rapid growth in all sectors of the business and we are very satisfied we were able to maintain a small profitability during the quarter," Stephen Prior, CEO of the Company, commented. "Strong profits in the Tutamen Manufacturing business were offset by losses in 1WorldCash which started operation in the quarter. We expect to experience losses in 1WorldCash through the end of the year as the Company builds out its agency system and gains critical mass and takes advantage of recently negotiated settlement cost reductions. Looking ahead, as we continue to reach significant milestones, we expect revenue and business to increase significantly throughout the year as we continue to deliver shareholder value in 2010," Prior said.
"Alternative energy sales were significantly better in the second quarter but still disappointing," said Prior. "The company has not been able to take advantage of and fund certain projects. We have bid a significant number of larger projects where we are expecting but have not yet success. The Company is focusing its energy and resources on investing in and developing a proprietary product for the wind turbine business the details of which the Company expects to announce soon."
3 Months Ended 6 Months Ended June 30 June 30 June 30 June 30 2010 2009 2010 2009 One World Ventures Income $ 583,021 $ 102,445 $ 969,992 $ 173,930 Gross Profit $ 118,231 $ 33,806 $ 252,522 $ 57,396 Contribution to Net Income $ 20,114 $ (22,329) $ 79,855 $ (73,361) Manufacturing & Sourcing Income $ 202,792 $ 102,445 $ 509,838 $ 173,930 Gross Profit $ 94,951 $ 33,806 $ 211,247 $ 57,396 Contribution to Net Income $ 58,844 $ (8,325) $ 135,262 $ (40,286) Alternative Energy Income $ 204,800 $ - $ 266,729 $ - Gross Profit $ 14,336 $ - $ 19,329 $ - Contribution to Net Income $ 4,336 $ - $ (671) $ - Cash Remittance Income $ 175,430 $ 193,425 Gross Profit $ 8,944 $ 21,946 Contribution to Net Income $ (43,238) $ (14,004) $ (54,737) $ (33,075)
The Company issued a stock moratorium in the last quarter of 2009 and did not increase its share Capital for a period of 6 months; the Company set a goal to raise an additional $1.0 Million in Capital and was active in this area in the second and third quarters. The Company has not reached its goal but is not actively seeking capital at the moment while it focuses all efforts on execution and refinement of the business.
About One World Ventures, Inc.
One World Ventures, Inc. is a holding 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 http://www.1worldventures.net/
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1 Month One World Ventures (PK) Chart |
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