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The Estate Vault Brings on Management Team in China and Plans on Hiring 3000 Sales Representatives in the Next 18 Months to Cover Mainland China
Jul 21, 2008 (08:07 AM EDT)
LAS VEGAS, July 21 /PRNewswire-FirstCall/ -- The Estate Vault Inc. -- a leading provider of value added products and services to organizations and the financial services industry, today announced that it has brought on two senior executives to begin operations in China.
The Estate Vault China (TEVC) will be lead by FengYue Liu as CEO. Prior to joining The Estate Vault China Mr. Liu was chief representative in China of the German F&T and president of Tibet Bo Long Culture and Art Ltd. He also established Beijing Shou Ling Technology Ltd., which currently has 13 branches in China.
Mr. MingWu Jiang will become the President of TEVC. Mr. Jiang has 25 years of management experience in China and 8 years' experience in Canadian business management. Mr. Jiang is currently the chairman of Canada Zhong Guo Ren Association, as well as the chairman of several companies such as Cagala International Group Inc., Daya International Media Inc., O Canada Travel Service Inc. and Travel Service (USA) Inc.
Boyd Soussana stated: "I just returned from Beijing and was overwhelmed with how the management team and our business model has developed in such a short time frame.
"Mr. Liu and Mr. Jiang will be responsible for hiring 60 managers and sub managers in China's 30 Provinces and regions over the next 120 days and then training them in all aspects of The Estate Vault. We are also beginning to localize the product for the Chinese market and will have that project finished by the time the first training session takes place, which is scheduled for September."
Soussana continued: "They have a goal of distributing 100-300 thousand Vaults in their first full year of business and the plan calls for 500 thousand Vaults after the second full year of business and 2 million Vaults by the fourth year. It will be interesting to see how the Chinese consumer takes to the localized product and even more exciting to take what we learn from the Chinese market and deploy it in other Asian jurisdictions.
"The Chinese internet population continues to grow as does the countries and China now has more internet users than any other nation with 221 million users and our product is prime for this user base."
About The Estate Vault, Inc.
The Estate Vault, Inc. was developed to overcome the daunting task of keeping financial, personal and legal documents up to date and in one place. Together with its strategic product partners The Estate Vault has wrapped up its unique service offering with a Credit Card Registry, Home Inventory Listing, Identity Theft Insurance and an online Legal Documents and Will Creator.
The Estate Vault intends to become the leader in value added products to the financial services industry by providing a product and service at a low price point and then leveraging patent pending technology known as IntelliAD and IntelliBrand to maximize brand awareness.
For additional information go to http://www.estatevault.com
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the company may make orally in connection with this release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected in the forward-looking statements, since these forward-looking statements involve risks and uncertainties that could significantly and adversely impact the company's business. Therefore, actual outcomes and results may differ materially from those made in forward-looking statements.
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Web site: http://www.estatevault.com/