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thoughts on the last press anyone?
In view of the major differences between the beverage products and waste industries, Mr. Sianghio stated, "We believe that although the vodka industry has been doing good, focusing on the direction of the waste management will be beneficial to the shareholders as we see significant growth and opportunities both financially and economically."
Methods and Audits Supervisor for IBM World Trade Asia Pacific Corporation covering operations in Singapore, Malaysia, Indonesia and Thailand
Mr. Sianghio has a proven track record of execution of over 50 years' business experience having been Chief Accountant and Division Sales Manager for IBM Philippines
The Chief Executive Officer will now be Mr. Rolando L. Sianghio, owner administrator of Waste Management Asia Corporation (formerly Lacto Asia Pacific Corporation), an environmental fellow in the United States-Asia Environmental Partnership (US-AEP Program).
Does this statement mean VUQO will soon be fully reporting?
Mr. Rene Esteban, who will be the Vice President. Ms. Felicitas Garcia is stepping down as Chief Financial Officer and will be replaced by Mr. Angel Gonzales. Mr. Gonzales is a Certified Public Accountant, who brings over two decades of experience in public and corporate accounting. He will be responsible for VuQo's global finance functions including financial analysis, tax, internal controls, and audit, treasury, and investor relations.
VuQo's board of directors has also authorized to include full separation of VuQo Beverages and El Coco Wine and Spirits Distillery through a spin-off
What will happen to the spun off company?
"the completion of its acquisition and terms of the transaction of Waste Management Asia Corporation under which VuQo Holdings Corporation will own all of its outstanding shares via an all-stock transaction."
I hope they say how much stock was issued in the next press release IMO
VuQo Holdings Corporation Completes Acquisition of Waste Management Asia Corporation
NEW YORK, NY--(Marketwire - Dec 13, 2012) - VuQo Holdings Corporation ( PINKSHEETS : VUQO ) announced the completion of its acquisition and terms of the transaction of Waste Management Asia Corporation under which VuQo Holdings Corporation will own all of its outstanding shares via an all-stock transaction. VuQo's board of directors has also authorized to include full separation of VuQo Beverages and El Coco Wine and Spirits Distillery through a spin-off and will become private companies retaining Mr. Rene Esteban, who will be the Vice President. Ms. Felicitas Garcia is stepping down as Chief Financial Officer and will be replaced by Mr. Angel Gonzales. Mr. Gonzales is a Certified Public Accountant, who brings over two decades of experience in public and corporate accounting. He will be responsible for VuQo's global finance functions including financial analysis, tax, internal controls, and audit, treasury, and investor relations.
The new Chief Executive Officer will now be Mr. Rolando L. Sianghio, owner administrator of Waste Management Asia Corporation (formerly Lacto Asia Pacific Corporation), an environmental fellow in the United States-Asia Environmental Partnership (US-AEP Program). Mr. Sianghio has a proven track record of execution of over 50 years' business experience having been Chief Accountant and Division Sales Manager for IBM Philippines as well as Methods and Audits Supervisor for IBM World Trade Asia Pacific Corporation covering operations in Singapore, Malaysia, Indonesia and Thailand, and his own family businesses. Adding to his prestigious career was working for an Ayala Corporation financial subsidiary, assigned to rehabilitate three distressed acquired companies. Ayala Corporation is one of the country's oldest and largest conglomerates with a very diversified portfolio including investments in retail, real estate, banking, telecommunications, water infrastructure, renewable energy, electronics, information technology, and management and business process outsourcing.
In view of the major differences between the beverage products and waste industries, Mr. Sianghio stated, "We believe that although the vodka industry has been doing good, focusing on the direction of the waste management will be beneficial to the shareholders as we see significant growth and opportunities both financially and economically."
Solid Waste Industry is a $55 billion dollar market generated from volume of wastes collected and recycled commodities including paper, plastic and steel according to Waste Business Journal's Waste Market Overview & Outlook 2012. Environmental Research and Education Foundation published by R.W. Beck also details the industry's contribution of over $96 billion that created 948,000 jobs which is over one percent of U.S. GDP to the nation's economy involving all direct, indirect and induced effects from solid waste industry activities. That being said, VuQo Holdings Corporation has already lined up organizations in the hauling operations and solid waste facilities both private and in public sectors to potentially diversify its portfolio.
"This acquisition shows flexibility and will give our business greater focus on pursuing our respective growth strategies while potentially giving longer term value to our shareholders," added Mr. Esteban.
About VuQo Holdings Corporation
VuQo Holdings Corporation is a diversified holdings company that acquires emerging companies in key industries where rapid revenue growth and market share penetration are poised for significant gains. Our main focus is to acquire, invest and partner with companies that have competent management teams with provable experience in their industry and have developed products or services that have a unique edge in their marketplace. Our evaluation matrix and consultant screening process help us filter hundreds of opportunities to effectively pick companies that can grow and evolve into high performing growth entities.
For more information about the latest news, please visit
www.vuqocorp.com
Contact:
Boventures Inc.
Investor Relations
877-377-9809
to know more about the Philippine Govt constitutional ammendments and implimentation regarding solid waste mangement, visit this government website: www.emb.gov.ph/ECA%20Center/RA9003.pdf
By far IMO biggest acquisition if it will come to pass..
Lacto asia 's technology is similar to what is implemented by waste management inc. (WM) in the US. jmo
Implimentation of solid waste management is a fresh concept in the philippines JMO.
Lacto asia is one of the premier alternative technology resource in the Phil govt, national solid waste management commission. www.emb.gov.ph/portal/nswmc/Resources.aspx
http://emb.gov.ph/nswmc/PDF/alt/res/Lacto%20asia%20pacific.PDF
This company is a core provider of solid waste management in the PH i believe..
garbage is a common problem
Think about it... if ever this acquisition comes to pass..
Buddy, it's just a letter of intent.
But they can do a lot of things its a "Holdings Company"
we can dream! LOL
what news?
Do you know anybody from the company titi?
Thats a nice fact hope VUQO sees this1
Website: http://www.vuqocorp.com/
Phone: 1-877-377-9809
Email: info@vuqocorp.com
true. I agree.
oh it figures why they will acquire and acquire. IMO
Float 14,141,758 a/o Apr 10, 2012 ---from 8M
a/o Mar 31, 2012
Since when did the shares outstanding become 73M?
How did you arrive with that number?
well goodnight then. Will watch again tomorrow
well we won't run out of sellers, there won't be a market if no one will sell...heeehee
I don't think sellers have much shares to sell IMO...
yeah more volume came, somebody sold last minute.
where?
someone sold at the last minute. IMO
HOPE SO. UP! UP! UP!
Financials just came out.
Cannot Agree with you more buddy....
Woah! Thats a lot of information in that press release...easy.
Not a great buy at .06
It's a perfect buy! 52 WEEK high is .16, I would wait for it to drop a little bit JMO.