Archive for November, 2011

BVI-registered aviation services company expands its headquarters office

Friday, November 25th, 2011

British Virgin Islands-incorporated company Aviation Services Management (ASM), having its headquarters in the United Arab Emirates, officially announced the expansion of its headquarters in Dubai. After the lease agreement is signed, ASM’s offices occupy adjoining office space in the prestigious DAFZA office complex.

New office of the BVI company supports current and future planned capacity growth in product development, business development, marketing and customer relationship management.

Mr Vito Gomes, Founder and Managing Director of the company, has commented on the event: “ASMs extended Dubai office space along with our international office locations, will allow us to increase our capabilities that align with our current and future growth plans. The new space will allow us to expand our core teams to support the growth we are experiencing while giving us dedicated facilities to host customer briefings and other activities.”

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Nam Tai Electronics signs major customer contract

Monday, November 14th, 2011

Nam Tai Electronics, the British Virgin Islands-domiciled company working in the spheres of electronics manufacturing and design, has signed a major customer contract for LCD modules. This agreement had already been mentioned in the press release on BVI company’s financial results for the third quarter of 2011.

Under the terms of the newly signed contract, the company expects to receive firm orders under the contract soon which will support high-volume production starting at the end of December 2011, with shipments beginning in early January.

Discussions with the second major customer to produce LCD module subassemblies for smart phone applications at the company’s Shenzhen site are in progress. The parties currently plan high-volume production of the modules to begin about June 2011.

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BVI company published results of Independent Technical Report

Tuesday, November 1st, 2011

British Virgin Islands-registered and Hong Kong-based company China Natural Resources Inc. released the results of an Independent Technical Report. The ITR relates to the coal resources and reserves contained at the coal mines located in Guizhou Province, China, at which the BVI company is the holder of mining rights. It is prepared by Behre Dolbear Asia, Inc., which is an affiliate of Behre Dolbear Group Inc., a mineral industry advisory and consulting group represented internationally in 11 cities, and specializing in performing mineral industry studies for mining companies, financial institutions and natural resource firms.

The Chairman and CEO of China Natural Resources, Mr. Feilie Li, in his comments said the following: “The results of the independent technical report prepared by Behre Dolbear are encouraging. The Company is committed to providing useful, transparent and internationally comparable coal reserve information to our shareholders and the investment community. The progress of the mine construction and/or upgraded mine development projects of the coal mines is satisfactory. Both Baiping and Gouchang coal mines are currently operating while Linjiaao coal mine is in trial run. The mine construction of Yongsheng mine, which has been granted a mining right permit to mine 600,000 tonnes per annum in its first phase of development, is expected to be completed next year and its trial run will be commenced thereafter. We remain positive about the prospects for the coal mining industry in the PRC and we will continue to pursue growth through acquisition and consolidation of small to medium sized coal mines.”

Posted in BVI IBC Business News, NASDAQ listed BVI Companies | No Comments »