TEVI (.03) Boyd Soussana of The Estate Vault Provides Strategic Update to All Shareholders
Thursday, June 26 2008 9:15 AM, EST
PR Newswire "US Press Releases "
LAS VEGAS , June 26 /PRNewswire-FirstCall/ --
Dear Shareholders:
This is the first of several planned communications via a shareholders letter to you -- our shareholders -- to keep you abreast and up to date with the many positive occurrences that have been happening with our company.
I wanted to address all of our shareholders regarding The Estate Vault's (Pink Sheets: TEVI) progress to date and where I see the company heading in both in the short and long term.
The Estate Vault has been in different stages of development over the past four years and since our official launch in September 2007 I am pleased with what we have accomplished to date.
We are continuing to develop the product offering as well as our web interface as we move forward through 2008 and as we get more feedback from our users. Currently the web site is nearly complete in 4 languages being English, French, Spanish and Chinese and we will be working on other languages in the coming months. Look out for some great added product features in the very near future
Revenues:
We are extremely delighted to currently be in a position to take advantage of our distribution networks and affiliate programs to drive our revenues and we expect to see substantial revenue growth quarter over quarter beginning this July! Adding to our North American revenue model will be the deployment of our product internationally and we are on target for substantial revenue increases when we are fully deployed.
Here are a few of the major highlights:
Background
TEVI continues to develop and grow -- some of the highlights are:
Generic Software Highlights:
1. Revised Website completed
2. Website integration with CashEdge Complete
3. Website integration with Epoq Complete
4. Website integration with Merchant account and Shopping Cart Complete
5. Translation of website into Spanish, French and Chinese complete
North America
Canada :
There have been several new developments for TEVI in Canada during the last several months -- the highlights of those developments are:
1. Registered Advisors have now surpassed the 1200 mark
2. Smartterm.ca is providing TEV to all approved insurance applications
3. Initiative for Elderly Planning Studies is providing TEV to all members
4. Toronto Board of Trade Approved TEV in their "Board Advantage" program to their 10,000+ members
5. On-going discussions with several distribution partners and financial institutions for deployment of TEV to their customers
United States
1. National Chamber of Commerce deploying to their 100k+ members
2. $4 Million Media Deal completed and began in articles in April
3 . $1 Million Radio Media completed with targeted launch in June
4 . IBAL began distributing TEV to their members
International:
China
1. TEVI has finalized our office in Beijing and distribution plans and rollout being finalized.
Latin America
TEVI is still in talks with several groups to pursue the opening of our offices...Our goal is to have this finalized by the end of June.
Caribbean:
1. TEVI has set up distribution partner in the Caribbean and is in the preliminary stages of fixing a product launch schedule. Tentative initial launch will be in the Bahamas and is scheduled for late July 08 .
Europe
TEVI is still pursuing the many opportunities in Europe and should have a distribution partner solidified by the end of 2008.
Final Notes:
We have a product with world-wide acceptance and must develop strategic relationships with distribution channels in the various countries over the next 18 months and we will keep you informed as we put those relationships in place.
Our investment in TEVI is a long-term investment and TEVI is evolving into what we had hoped and anticipated it would. Our equity interest in TEVI is increasing almost daily and should prove to be a very valuable asset for us.
About The Estate Vault, Inc.
The Estate Vault, Inc. was developed to overcome the daunting task of keeping financial, personal and legal documents up to date and in one place. Together with its strategic product partners The Estate Vault has wrapped up its unique service offering with a Credit Card Registry, Home Inventory Listing, Identity Theft Insurance and an online Legal Documents and Will Creator.
The Estate Vault intends to become the leader in value added products to the financial services industry by providing a product and service at a low price point and then leveraging patent pending technology known as IntelliAD and IntelliBrand to maximize brand awareness.
For additional information go to www.estatevault.com
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business. Therefore, actual outcomes and results may differ materially from those made in forward-looking statements.
Contact:
Investor Relations
Robert Gartzman
1-866-405-3256 ext 705
SOURCE The Estate Vault, Inc.
