One World Ventures, Inc. Agrees With Sponsor Bank to Issue 1World Card
LAS VEGAS, NV -- (Marketwire) -- 10/07/09 -- One World Ventures, Inc. (PINKSHEETS: OWVI), a provider of prepaid cards, is pleased to announce that it has negotiated with our "Sponsor Bank" to issue the prepaid 1World Card in the United States. Under the Agreement, our partner bank will be the issuing bank, where they have applied for a BIN and are waiting for regulatory approval.
While regulatory approval is in process the company will work on terms and conditions for using an outside processor as well as submission to Visa for marketing and logo approval. The 1World Prepaid Visa Card will allow consumers without bank accounts to avoid the high costs of check cashing and money order fees by using the re-loadable debit card. The card will interface with our international partners providing low cost remittance for our customers.
Steve Prior, CEO of One World Ventures, Inc., stated, "We are happy that we have made this huge step forward with our banking partner and strive to be the prepaid card industry's leading example at how to best serve our target markets: unbanked and underbanked individuals. Our business model is to provide a wide range of much needed financial products that improve the quality of life for our cardholders, saves them time and money, and eliminates their dependence on check cashing centers and money orders.
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.
The Company looks for simple inexpensive alternatives to traditional ways of doing business. The strategic goal in every business is in leveraging assets and opportunities globally, focusing on niche markets and providing cost effective operations. The company's unique holdings will provide revenues predominantly derived from memberships, commissions and transactions.
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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One World Ventures, Inc.
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