One World Ventures Inc. (OWVI)

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One World Ventures, Inc. Completes Acquisition of Inter Solar Tech Ltd.
9 minutes ago - Market Wire

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OWVI 0.0039 11.43%

As of 9:37 AM ET 11/24/09
One World Ventures, Inc. (PINKSHEETS: OWVI) announced today it has closed the acquisition of Inter Solar Tech Ltd. Further details regarding the transaction can be found in the Company's press release dated November 12, 2009. Under the terms of the agreement One World Ventures, Inc. has acquired a 60% controlling ownership stake in Inter Solar Tech Limited, a private Hong Kong company (http://www.intersolartech.hk)

The assets include intellectual property, technical competence, sales and distribution of renewable power generation products for solar, wind, and hybrid energy projects for both residential and commercial purposes in Europe.

One World Ventures, Inc. CEO, Stephen Prior, said, "As we continue to develop and advance the OWVI Business Plan, we believe that we are well positioned to develop long-term value for our shareholders. The Inter Solar Tech Purchase holds great promise and we intend to capitalize on that potential."

The management of the two companies will be meeting in Asia next week to immediately consolidate supply chains and sales efforts.

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 Inter Solar Tech Ltd.

Inter Solar Tech Ltd., founded in 2004, engages in the sale and distribution of renewable power generation products for solar, wind, and hybrid energy projects for both residential and commercial purposes. Inter Solar Tech Ltd. currently sells its products to a network of distributors and resellers in the People's Republic of China and the European Union.

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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SOURCE: One World Ventures, Inc.

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