Breaking News Alert – OTCBB: CSEV
Aug 4th, 2009 by beststockreport
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Market Pulse has issued its current profile for ONE Holdings, Corp. (OTCBB: CSEV) to the investment community! Stay Tuned For Frequent Updates at www.market-pulse.com.
ONE Holdings, Corp. (OTCBB: CSEV) (formerly Contracted Services, Inc.), (a subsidiary of private investment group Abacus Global Investments, Corp.) is a diversified investment company that was formed to own majority equity interest in private and publicly listed companies involved in bioengineering, finance, technology and distribution. Through ONE, small private companies gain access to capital, experienced management and strategic insight. ONE intends to build strong synergies amongst all its operating businesses in order to enhance shareholder value. ONE is set to work with each subsidiary to promote organic and acquisition driven growth. ONE plans to leverage its’ financing and distribution subsidiaries to provide ONE’s very profitable bioengineering and technology businesses with growth capital and expanded distribution allowing them to achieve scale. As scale is achieved, ONE intends to bring each subsidiary public to maximize value to its investors. ONE is currently pursuing an aggressive acquisition driven strategy focused on fast growing, cash flow positive leaders in industries where management has a long history of operating experience. ONE seeks to acquire companies with proprietary technology, high barriers to entry, repeatable and sustainable revenue streams and synergies with its current operating assets. ONE’s strategy is to support the growth of its operating subsidiaries with strong managerial insight and direction and adequate financing. ONE has identified and currently pursuing several acquisition targets that meet ONE’s acquisition profile. ONE targets to achieve an annual revenue and net income run rate of $100 million and $10 million respectively within 12 months. ONE’s majority shareholder Abacus Global Investments, Corp. (“Abacus”) specializes in assisting private companies go public and brings needed capital to fund growth opportunities. Abacus focuses on midsized companies in the private sector that show positive EBITDA, cash flow and high growth potential. Abacus’ involvement comes in the form of direct ownership in wireless, telecom and technology companies while such involvement takes the form of advisory services in other industries. Abacus identifies best in class small to midsize private companies, transforms these companies into fast growing public entities, and assists them in raising capital for growth. Abacus has an experienced management team that has brought various companies public in markets worldwide and has successfully raised capital allowing for exponential growth. Abacus’ executive team has long and extensive experience in international business having owned and operated various businesses in several countries for the past 18 years. Abacus executives’ experience extends to the United States, China, South Korea, Hong Kong, Canada and several countries in Latin America as well as Europe. Abacus’ executives have been engaged in executive positions on a global basis from small to Fortune 500 companies with revenues ranging from a few million to over $2 billion. All this experience and knowledge is put at work for the benefit of all stakeholders in the Abacus portfolio companies. In today’s challenging economic environment investors are looking for profitable, cash flow positive, high growth and well managed companies. ONE’s acquisition and organic growth strategy combined with a strong management team and parent support is poised for success!
Press Release
Source: ONE Holdings, Corp.
ONE Holdings Selects Experienced Veteran to Run Asia-Pacific Operations
MIAMI, FL–(MARKET WIRE)–August 3, 2009 — ONE Holdings, Corp. (OTCBB: CSEV), a diversified investment company that owns a majority equity interest in private and publicly listed companies, announced the appointment of Jeanne Chan to the position of Senior Vice President, Asia.
Ms. Chan is a senior executive with an extensive 17-year experience in business with focus in sales, marketing and business development. Ms. Chan held various senior executive positions including President, Asia for Abacus World, Corp. from 2008 to current, Vice-President of retail sales and Director of investor relations for TelePlus World, Corp. from 1999 to 2008, Vice President of iCall Communications Inc. from 1994 to July 1999 and Vice President sales and marketing of Unilink Telecom Inc. from 1990 to 1994. Ms. Chan is a graduate from University of Toronto with a BA in economics.
Ms. Chan’s appointment follows Monday’s announcement that the Company acquired majority control of Green Planet Bioengineering, Co., Ltd. (“Green Planet”) (http://www.greenplanetbio.com). Green Planet is a publicly traded company on the OTCBB under the symbol GPLB.OB. Green Planet through its Chinese subsidiary is a high-tech bioengineering enterprise that engages in research and development, production and sale of various extracts from tobacco leaf residues destined for health and beauty products. Green Planet is headquartered in Miami, FL with its main operation located in Sanming and Fuzhou, China. Green Planet’s 2008 full year results include revenue, EBITDA and net income of $10.4 million, $5.0 million and $3.3 million respectively. In 2009 Green Planet is forecasting revenue, EBITDA and net income of $13.5 million, $6.9 million and $4.8 million.
“Jeanne’s addition to our team strengthens our management group in Asia, which is a key region in our future development. We are focused on an acquisition driven strategy and the Asia Pacific – China regions are of interest to us. China has remained the only economy with continued strength in GDP (‘Gross Domestic Product’) growth and we believe this trend to accelerate as the world economy recovers. This should be very helpful as we continue to locate strategic growth opportunities in the Asia region,” said ONE President, Marius Silvasan.
About ONE Holdings, Corp.
ONE Holdings, Corp. (“ONE”) (OTCBB:CSEV) (www.onehcorp.com), headquartered in Miami, FL, is a diversified investment company that was formed to own majority equity interest in private and publicly listed companies involved in bioengineering, finance, technology and distribution. Through ONE, small private companies gain access to capital, experienced management and strategic insight. ONE intends to build strong synergies amongst all subsidiaries to enhance shareholder value. ONE is working with each subsidiary to promote organic and acquisition driven growth. ONE plans to leverage its financing and distribution subsidiaries to provide ONE’s very profitable bioengineering and technology businesses with growth capital and expanded distribution allowing them to achieve scale. As scale is achieved, ONE intends to bring each subsidiary public to maximize value to its investors.
Contact: Investor Relations & Corporate Communications 87… ir@oneholdings.com
For additional information please call 800.290.8935 or visit www.market-pulse.com.
This press release includes statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). ONE Holdings, Corp. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms “may,” “believes,” “projects,” “expects,” or “anticipates,” and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company’s expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new companies and/or technologies, each of which could have a material impact on our business, our financial results, and the company’s stock price. These risks and other factors are detailed in the Company’s regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company’s control. Forward-looking statements speak only as to the date they are made and ONE Holdings, Corp. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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