One World Ventures, Inc. Completes Beta Testing Phase of 1World Cash
10 Mars 2010 - 3:29PM
Marketwired
One World Ventures, Inc.'s (PINKSHEETS: OWVI) 1World Card, a
provider of prepaid cards and 1World Cash, announced completion of
beta testing and approval of its remittance technology.
The testing process has involved completing transactions that
efficiently send funds from Hong Kong to the Philippines in a
manner that duplicates the expected real-world plan. The testing
now continues into a short, live-transaction phase to ensure the
system behaves as expected during live transactions.
"We are very pleased with the results of our testing," CEO Steve
Prior explained. "From security to exchange rates, there are many
details to address through this process. We are confident we are
now prepared to go live with 1World Cash in a matter of days."
"The results have been phenomenal. The system efficiency allows
us to be the lowest cost remitter and maintain strong margins,"
Prior said. "We are so confident of this model that our first
1World Cash location is within 50 steps of two Western Union
locations."
With a large population of Filipino migrant domestic helpers in
Hong Kong, One World expects to quickly become the simpler and safe
way to send money for the Filipino community.
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.
About 1WorldCard
1WorldCard offers a simple and inexpensive alternative to
traditional bank accounts.
1WorldCard is a technology based company that provides
customers, especially the largely unbanked and under-banked, the
ability to secure a debit card that can be used for everyday
purchases and business plus access to funds at over 800,000 ATM
machines worldwide. 1WorldCard is secure and can be used at Point
of Sales (POS) recognized merchants worldwide.
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 www.1worldventures.net
One World Ventures (CE) (USOTC:OWVI)
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