The purpose of the agreement between the companies is to deliver a suite of secure and interactive personal data management tools focused on helping patients and clients to have higher level of control over their personal information, while travelling out of their own country for medical procedures.
 
Those clients who sign up with this new membership service will have access to a number of specially developed membership plans for overseas medical travel, medical and surgical complications, medical vacations, international health and travel plans, USB data storage cards, and Prepaid MasterCard that eliminates the need to carry cash and provides up to US$50,000 in funding. By words of Boyd Soussana, CEO of the Estate Vault, customers “will also be able to put all sensitive data, medical files/x-rays and legal information into their own e-Vault that can be accessed anywhere.”

By words of president of the BVI company Kenneth Hunt, IMFT has designed and developed a whole range of insurance and non-insurance alternative products for these markets, and partnership with Estate Vault “ has provided IMFT a unique and innovative document management system.”

CEO of the Estate Vault also added that IMFT and Estate Vault have, in principal, agreed to establish an International Business Company (IBC) in the British Virgin Islands, which will become the provider of the range of converged hybrid products. This BVI IBC will be established under the Estate Vault International brand name.

Through this deal, the parties have agreed to expand coal sales to the Chinese market through Winsway. The aim of the companies is to achieve sales of over 2 million tons per annum of coking coal from Australia, Canada and other countries.

Winsway was the largest offtaker of Mongolian coking coal in 2009, so by cooperation with the BVI company Marubeni will be able to handle Chinese and Mongolian coal and provide a stable coal supply to Japanese and other markets. 

The agreement includes provision for joint coal resource development by both companies, as well as possible consideration by Marubeni to become a shareholder in Winsway.

Winsway Coking Coal Holdings Limited was established in 2007 in the British Virgin Islands, its main business is distribution and transportation of coal from Mongolia and other countries into China.

The treasury management system for PetroChina will also incorporate thousands of its subsidiaries and will enable the management of all its resources under one common platform, representing one of the largest treasury management systems in China.  It is to control the entire process of dynamic management and monitoring and controlling business flow, capital flow and integrated information flow.

This is not the beginning of BVI company’s partnership with PetroChina. In the end of 2009, Pansoft signed contract for software system development with Chinese oil and gas producer.  This contract, worth approximately US$5 million, was the largest for the BVI company.

Under this contract, which has total value approximately US$4.6 mln, products shipments and revenue recognition are expected to be started in the second quarter of 2010 and continue through the next twelve months.

GengSheng’s Chairman and CEO Mr. Shunqing Zhang named this contract an “important milestone to establishing long lasting business relationships with State-Owned Enterprises in the oil and gas sector”.
He said that the company expects the demand for its fracture proppant products to continue to grow during the second half of the year, and that they are working to increase their manufacturing capacity.

The non-correlated fund offered by Tranen Capital invests in the secondary market for life insurance in the United States, which is part of the larger market called Insurance Linked Securities.

Also, the BVI fund will be sponsoring the Insurance Linked Securities conference which will be held for the first time in Hong Kong in October 2010. With the expansion of the global financial crisis, the demand for non-correlated assets has increased., and the HK conference will introduce new products and ideas to the Asian financial market.

By terms of the contracts, Gengsheng already shipped 1,008 metric tons of fracture proppant on or before April 23, and another 8,028 metric tons will be shipped on or before September 1, 2010.

Mr. Shunqing Zhang, Chairman and CEO of GengSheng said in his comments that the active export operation of company’s fracture proppant products will generate a stable revenue for the company. He added that the second production line ensures the capacity of the company to meet the increased demand of the international market.

China Gengsheng Minerals, Inc., the Chinese high-tech industrial materials manufacturing company conducting its business through its subsidiary Gengsheng International Corporation (BVI), received two fracture proppant supply contracts with Chinese company Changqing Oilfield, which is a subsidiary of  China National Petroleum Corporation (CNPC).

The term of both contracts is one year, their total value is approximately $1.3 million. Pursuant to the contracts, Gengsheng will start shipping fracture proppants for Changqing Oilfield immediately.

Changqing Oilfield is China’s second largest oilfield with a total area of 370,000 square kilometers for exploration. In 2009,  the total oil and gas equivalent production at Changqing had exceeded 30 million tons.

According to Mr. Shunqing Zhang, Chairman and CEO of Gensheng, the company “has maintained solid relationship with Changqing Oilfield, due to our technological advantages and resources advantages.” Also, he said that a successful win of contracts with Changqing Oilfield means the good momentum of the Fracture Proppant Segment’s long-term development.

Play LA Inc., internet advertising and publishing company working in the online and mobile gaming industry and having its registered address in the British Virgin Islands, made an announcement about the acquisition of UK football fan website www.arsenal-mania.com. Arsenal-Mania is one of the most popular websites for fans of Arsenal FC of the English Premier League, and it attracts over a quarter of a million visitors each month.

Play LA Inc.’s CEO David Hallonquist stated that the acquisition of this website expanded company’s reach to UK and European sports audiences, complementing the existing sports content and increasing advertising inventory to sell to advertisers. In his turn, the owner of Arsenal-Mania Jonathan Chong added that, by joining Play LA, they “get the development, marketing and financial support necessary to take the website to the next phase of growth.”

The BVI-incorporated mineral exploration company Talon Metals Corp. made an announcement thath it has concluded an agreement with Gungnir Resources Inc. According to the agreement, Gungnir has been granted an option to earn up to 75% interest in Talon’s Juruena Gold Project, located in North Brazil.

By terms of the agreement between the BVI company and Gungnir, the purchasing company is required to make an initial payment in the amount of US$150,000. To exercise the option, Gungnir is required to make additional payments of US$300,000 on or before February 11, 2011, US$350,000 on or before February 11, 2012, US$450,000 on or before February 11, 2013 and US$500,000 on or before February 11, 2014. Total option payment of the company to Talon Metals is to make US$1.75 million. Additionally, Gungnir is required to complete the exploration program and a feasibility study on or before December 31, 2014 (the deadline may be extended to December 31, 2016).

When the company fulfils all the terms of the agreement, Talon will retain a 25% interest in Juruena. Prior to completing the feasibility study, Gungnir may acquire a 51% interest in Juruena.

In the past month, Talon Metals has sold its 2,450,000 common shares of Beadell Resources Limited for gross proceeds of approximately CDN$711,000. The funds will be used for funding exploration programs of the BVI company.

Euro Tech Holdings Company Limited, the BVI-registered company engaged along with its BVI- and HK-based subsidiaries in the manufacturing and distribution of products in the area of water and waste water treatment and environmental protection, announced that it subsidiary, Yixing PACT Environmental Technology Company Ltd., has been granted a contract by a Korean stainless steel company. The contract is worth about US$3.8 mln, covering design, supply, installation and commissioning of several water cooling and treatment systems in Jiangsu.

Also, an associated company of the BVI-incorporated Euro Tech, Zhejiang Tianlan Environmental Technology Co. Ltd., has been awarded three contracts totally worth US$5.6 mln by the three companies in China. The contracts with Chinese companies cover design, supply, installation and commissioning of desulphurization equipment for various applications in cement, paper and petrochemical plants in the three provinces of Sichuan, Shandong and Zhejiang.