News: Shareholder Update Out:
LAS VEGAS, NV -- 10/09/08 -- The Estate Vault Inc. (PINKSHEETS: TEVI), an emerging leader of the growing information security and management market, and provider of value-added products and services to the financial services and other information-secure industries, today announced its second communiqué to its shareholders.
Dear Shareholders:
This is the second of several planned communications to our shareholders -- to keep you abreast of the many positive occurrences that have been happening with our company.
The Estate Vault recently filed for listing on the OTCBB listing and we are extremely proud of this accomplishment. On January 23, 2008 we stated that the company would become more transparent. We expect the SEC to provide us with feedback as soon as possible and we will keep you informed on a timely basis.
We have entered into several agreements since my last letter and will complete our distribution agreement with a Latin American distributor within the next 30 days. This agreement will give us penetration of our products and services throughout the Western Hemisphere and then we will turn our attention to finalizing arrangements in Australia and Europe which will give our product worldwide coverage. We are completely committed to our marketing and distribution plan which has become more clearly defined over the last several weeks and I am excited about all of the potential joint ventures, licensing and distribution agreements that we are currently reviewing and in negotiations with. Today more than ever advisors and organizations alike are looking for a true value added product and service and we are starting to get on their radar screens.
That being said it isn't always easy when you are building a business; executing the plan isn't always as easy as one would like it to be. We have encountered some bumps in the road but I believe that we are very close to reaching some of the milestones that we have set for ourselves, and over the next few months we will continue to keep you apprised as we move forward.
Revenues:
In our most recent quarter, revenues expanded to $170,000 and we believe this will continue to grow exponentially over the next 6 months. This should put us in a position where we will be self-funding. In today's financial markets, the ability to self-fund our growth is key to retaining shareholder value and surviving this economic and financial downturn. As well, we should be able to generate additional revenues as we enter new markets throughout the world.
Final Notes:
People need and want to have a permanent repository for their financial, legal, personal and medical records which are not subject to natural disasters like fires and floods. Families, as well as Executors and estate attorneys, will have the confidence of knowing that all important documents and papers are in a secure place, and those records are up-to-date. The Estate Vault is a product with worldwide acceptance, and we have begun developing strategic alliances with other countries which should help accelerate our growth.
About The Estate Vault, Inc.
The Estate Vault, Inc. was developed to overcome the difficult task of keeping financial, personal and legal documents up-to-date and in one secure location. Together with its strategic product partners, The Estate Vault's unique services include a Credit Card Registry, a Home Inventory Listing, Identity Theft Insurance and an online Legal Documents and Will Creator.
The Estate Vault intends to become the leading provider of secure, value-added products to the financial services industry at an attractive price point, and by leveraging its patent-pending technology to maximize its 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:
Boyd Soussana
1-866-405-3256 ext 702
Additional Investor Relations:
(800) 953-3350
Toll-Free, U.S. and Canada
(858) 436-3350
Local or International
9:30 a.m. to 5:00 p.m. eastern
Don't listen to me, I am after all UnSavvy!
AI
