OWVI announced 11/3/2009 the signing of a Letter of Intent (LOI) to enter into a exclusive Distribution Agreement with (APRM) American Pacific Rim Commerce Group.
At the time, OWVI touted APRM with the following paragraph:
"American Pacific Rim Commerce Group projects fiscal 2010 revenue to be $12,679,040 and will generate minimum fees and distribution payments of 12.8% to One World Ventures, Inc. of $1,622,917, increasing to 18.0% or $2,282,227 based on utilization, recurring revenue and additional services as may be requested by APRM. Cost savings to American Pacific Rim Commerce Group under the terms of the final Agreement are offset 9.2% or $1,170,000 as a result of reduced Costs of Goods (COG) and transaction fees."
Steve Prior laid out the supposed details of the partnership:
"Mr. Steven Prior, CEO of One World Ventures, Inc. added, "One World Ventures has systematically acquired or developed most of the 'back-of-the-house' functions APRM needs to fulfill, distribute and process the sale of goods and products produced by U.S. small and medium sized businesses to buyers here in China." Further, added Prior, "The team at APRM can focus their efforts on the marketing side of the business model, which is their greatest strength. APRM's management team are experts at attracting small and medium sized U.S. businesses, who want to sell their products and services to the growing Chinese consumer market."
With that said, how does OWVI avoid suspension in light of the partnership with APRM, the obvious PR discrepancies and the partnership with penny stock promoters which led many to OWVI only for hundreds of millions of shares being liquidated by either the company, promoter or both burying investors!?!?!?
The resignation of Steven Prior should NOT be enough IMO.
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