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One World Ventures Expands Remittance Capabilities Into Indonesia

^{Published on 2010-06-09 06:40:18 - Market Wire}
 

LAS VEGAS, NV--(Marketwire - June 9, 2010) - One World Ventures, Inc. (PINKSHEETS: [ OWVI ]) announced today One World Ventures Expands Remittance Capabilities Into Indonesia. 1World Cash, its money transfer service and a provider of prepaid cards, announced that it has added Indonesia as a remittance destination. Through its 1World Cash stores and agency franchise locations, 1World Cash can now provide cost effective remittance options with real time bank transfers for more than 150,000 of the Indonesian migrant workers who live in Hong Kong.

The Indonesian migrant work force in Hong Kong represents the largest group of overseas workers in the territory. Indonesia migrant workers are employed in many industries and as domestic helpers. In 2009, an estimated $8.3 billion in remittance was transmitted to Indonesia and 81.9% of Indonesian migrants make use of bank transfers when remitting money, but only 32% have bank accounts, according to the World Bank. 1World Cash is providing access to the banking systems to these under banked migrant workers, empowering and providing an easy and secure remittance program.

The Indonesian market and the large Filipino migrant worker force that it's already serving keeps 1World Cash focused and following through with its marketing goals. 1World Cash is now serving the Filipino community in Hong Kong and by the end of June will be connected to 6000 pay out locations in the Philippines. 1World Cash is now positioned as the newest and a powerful remittance program in Hong Kong. "We are rapidly exceeding our growth goals for the 1World Cash system," CEO Steve Prior explained. "With 1World Cash remitting to two countries and expanding locations in Hong Kong, we continue and expect to exceed our goals for 2010."

About One World Ventures, Inc.:
One World Ventures, Inc. (1worldventures.net) is a holding company with management resourced in Asia, Mexico and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.

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.