LAS VEGAS, April 3, 2008 /PRNewswire-FirstCall/ -- The Estate Vault, Inc. has officially formed The Estate Vault China (TEVC). TEVI will own the majority shares in the new venture. TEVI has formed a business relationship with Xi'an Science and Trade Development Co. Coinciding with the structuring of our joint venture TEVC has opened offices located in Beijing in the Zhong Guan Village Science and Technology Center. It will be manned by a staff of three and will be further supplemented as we begin the localization of The Estate Vault.
Boyd Soussana, CEO stated, "This is an exciting time for us as we move forward on our plans to begin distribution in Asia. The web site is currently being translated and we expect to begin commercialization of The Estate Vault in the next 90 days. The Estate Vault, Inc. plans for distribution of its products and services into the Chinese marketplace. We are extremely delighted to be moving this quickly in our joint efforts to bring the product to the market and complete the documentation process that will see the formation of The Estate Vault China. When we originally met two months ago, they were quite impressed with the versatility of The Estate Vault platform and its ability to be 'customized' relatively easily for the Chinese marketplace. We expect that we will have a demo version operational in approximately 30 days. Critical to the success of The Estate Vault China will be our joint ability to customize the platform to meet the needs of the Chinese marketplace and Xi'an Development Corp. It is in a perfect position to help us complete that task in the shortest time frame possible. We expect the transaction will be completed within 90 days."
About Xi'an Science and Trade Development Co.
The Xi'an Science and Trade Development Co. was established March 15, 2006 and is located in Xi'an's newly developed area with registered capital of 10 million Yuan. The company is a multimedia software development firm for film and television manufactures as well as for educational system. The firm also officially distributes teaching materials on compact disc to the Shanxi Province.
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
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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.
Contact: Investor Relations
Robert Gartzman 1-866-405-3256 ext. 705
CONTACT: Investor Relations, Robert Gartzman of The Estate Vault, Inc.,1-866-405-3256, ext. 705
Web site: http://www.estatevault.com/