Archive for July, 2010

The Estate Vault, Inc. announces partnership with BVI-registered International Medical Fund Trust

Tuesday, July 27th, 2010

The Estate Vault, Inc., the company providing electronic data managements services for organization, storage and protection of financial, personal, legal and medical information, announced that it has become partners with the British Virgin Islands-incorporated company International Medical Funds Trust (IMFT), and its New Zealand-based trustee company IMF Trustees Limited.

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.

Origin Agritech Limited received National Agricultural Industrialisation – ‘Leading Enterprise’ title

Thursday, July 22nd, 2010

The joint committee of ministries of the Chinese Government named Origin Agritech Limited for National Agricultural Industrialization -‘Leading Enterprise’. Being awarded with this title, which is valid for a year, until July 2012, the BVI company will benefit from corporation taxation exemption, preferential purchase rights and other preferential policies.

The qualification of the company was approved by the following institutions: the Ministry of Agriculture, National Development and Reform Commission, Ministry of Finance, Ministry of Commerce, People’s Bank of China, State Administration of Taxation, China Securities Regulatory Commission, and the China Federation of Supply and Marketing Cooperative.

Mr. Liang Yuan, CEO and President of Origin Agritech, said that this title woud have a great role in the long term development of the company. He also noted that some projects assigned by government ministries “expressly state that only ‘Leading Enterprises’ can qualify toward participation.”

 According to Mr. Irving H. Kau, Acting Chief Financial Officer of the company, ” the income tax exemptions may be the most most important policy to these ‘Leading Enterprises’. However, the company will also enjoy preferential policies in plant and building construction, purchase of raw materials, import and export of equipment, among other important benefits. This will certainly contribute to further enhance the company’s competitiveness.”

BVI company Winsway Coking enters into Strategic Cooperation Agreement

Friday, July 16th, 2010

Marubeni Corporation has entered into a Strategic Cooperation Agreement with a British Virgin Islands-registered company Winsway Coking Coal Holdings Limited. Winsway is one of the leading Chinese suppliers of imported high-quality coking coal.

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.

Pansoft Company Limited signs contract with PetroChina

Saturday, July 10th, 2010

BVI-registered Pansoft Company Limited announced that it has signed a contract with PetroChina Company Limited, the largest oil and gas producer and distributor in China. The contract for developing and installing treasury management  system is approximately US$1.76 million worth, and the project is to be completed in three years.

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.