|By Marketwired .||
|February 6, 2013 12:15 PM EST||
NEW YORK, NY -- (Marketwire) -- 02/06/13 -- VuQo Holdings Corp. (PINKSHEETS: VUQO) today issued a letter to shareholders from the company's CEO, Rolando Sianghio, to update shareholder on the progress company has made and future plans.
Let me start off this letter by reassuring our shareholders that VUQO Holdings Corporation ("VUQO") remains sustainable and that the diversified team is intact and working diligently to enhance the work of the company for the benefit of our shareholders. This year promises to be an exciting time for our company, and we intend to inform our shareholders and potential investors regularly of our progress as we move aggressively and diligently in the implementation of our business plan.
Evidently, VuQo Holdings subsidiary VuQo Beverages Inc. and El Coco Wine had significant opportunities and assets to perform on its business plan and generate revenue. For various reasons, this was not happening at the rate that was expected. It seemed to me that the previous management focused on large opportunities with a prolonged sales cycle that have not yet turned into revenue. This strategy did not do as well as we expected for our stock price. Presently, we are reorganizing and redirecting the company. In an effort to advance this turnaround, we announced that Waste Management Asia Corporation ("WMAC") has been acquired by VuQo as a wholly owned subsidiary. Through this acquisition, we picked up a number of benefits including tremendous marketing resources, an integrated platform, key personnel, revenue and assets.
To date, WMAC has 25 active city and provincial distributors who undertake the responsibility of meeting and negotiating with the local government officials who are eagerly looking for new solutions to their growing waste disposal problems. As a result of numerous conditions, the Board believed that it was in the best interest of both parties, VuQo Int'l Beverages, Inc. and El Coco Wine and Spirits, Inc., as well as the shareholders of VuQo, to become separate individual entities so that they can optimize their respective business goals, research initiatives and capital requirements. It is for these reasons that the Board has authorized spin-off the assets of VuQo Int'l Beverages, Inc. and El Coco Wine and Spirits, Inc. to the shareholders of VuQo by way of a partial liquidating dividend. Shareholders of VuQo will become shareholders of the two spun-off corporations without any action required on their part. The record date, pay date and pay rate will be determined at a later time.
In a press release dated, December 13, 2012, we stated that El Coco Wines and Spirits Distillery and VuQo Beverages would be spun off as private entities. We would like to clarify and correct this statement. They will be spun off to the shareholders of VuQo, but not publicly traded at the time of the spin-off. In essence, they will be publicly held, but not publicly traded at the time of the spin-offs.
WMAC has continued to pursue possible sources of funding with great success. Current efforts are opening new opportunities that are leading to emerging long term contracts in key cities in Asia projecting $7.6 million a year. We also have prospects in countries like China, Japan and Africa. This year, our goal is to create systems called Build-Operate-Own Tipping fee. This new approach will establish 10 to 25 year term contracts, which will provide better economies of scale for the cities, and increased profits to VuQo. This will help reduce costs to cities by creating profit centers from their waste ensuring sustainability of high quality waste disposal. It is expected that after a year's operation, the early profits can be reflowed for a second installation and, therefore, a continuous follow-up and closing of the other cities and town MRCF (Materials Recovery with Composting Facility) projects. In reality, we are capable of entering 850 out of 1,700 cities in the Philippines, which, at this time, is estimated to amount to $897 million in revenue with a price per share value of above $10 tantamount to the industry's standard.
I am certain that by continuously adding that asset base to our company, we will get the attention of investors that may help VuQo stretch its target liquidity reaching squeeze-trigger price and influencing a considerable buy-in that could toss our stock up and increase our market cap. I am working hard on all fronts and doing everything that I can to make your investment in VUQO a successful one.
We look forward on updating you on our progress and would like to say a heartfelt thank you for your trust and support and look forward to communicating with you again soon.
CEO, Vuqo Holdings
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his Day 2 Keynote at @ThingsExpo, Henrik Kenani Dahlgren, Portfolio Marketing Manager at Ericsson, discussed how to plan to cooperate, partner, and form lasting all-star teams to change the...
Feb. 21, 2017 08:30 PM EST Reads: 4,519
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
Feb. 21, 2017 07:30 PM EST Reads: 309
SYS-CON Events announced today that delaPlex will exhibit at SYS-CON's @CloudExpo, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. delaPlex pioneered Software Development as a Service (SDaaS), which provides scalable resources to build, test, and deploy software. It’s a fast and more reliable way to develop a new product or expand your in-house team.
Feb. 21, 2017 07:30 PM EST Reads: 1,139
SYS-CON Events announced today that IoT Now has been named “Media Sponsor” of SYS-CON's 20th International Cloud Expo, which will take place on June 6–8, 2017, at the Javits Center in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
Feb. 21, 2017 06:30 PM EST Reads: 1,231
Updating DevOps to the latest production data slows down your development cycle. Probably it is due to slow, inefficient conventional storage and associated copy data management practices. In his session at @DevOpsSummit at 20th Cloud Expo, Dhiraj Sehgal, in Product and Solution at Tintri, will talk about DevOps and cloud-focused storage to update hundreds of child VMs (different flavors) with updates from a master VM in minutes, saving hours or even days in each development cycle. He will also...
Feb. 21, 2017 06:30 PM EST Reads: 2,381
Extreme Computing is the ability to leverage highly performant infrastructure and software to accelerate Big Data, machine learning, HPC, and Enterprise applications. High IOPS Storage, low-latency networks, in-memory databases, GPUs and other parallel accelerators are being used to achieve faster results and help businesses make better decisions. In his session at 18th Cloud Expo, Michael O'Neill, Strategic Business Development at NVIDIA, focused on some of the unique ways extreme computing is...
Feb. 21, 2017 06:30 PM EST Reads: 7,553
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Feb. 21, 2017 06:15 PM EST Reads: 886
SYS-CON Events announced today that WineSOFT will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Based in Seoul and Irvine, WineSOFT is an innovative software house focusing on internet infrastructure solutions. The venture started as a bootstrap start-up in 2010 by focusing on making the internet faster and more powerful. WineSOFT’s knowledge is based on the expertise of TCP/IP, VPN, SSL, peer-to-peer, mob...
Feb. 21, 2017 06:15 PM EST Reads: 1,542
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, discussed the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports.
Feb. 21, 2017 05:30 PM EST Reads: 1,149
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Feb. 21, 2017 05:15 PM EST Reads: 1,756
SYS-CON Events announced today that Dataloop.IO, an innovator in cloud IT-monitoring whose products help organizations save time and money, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Dataloop.IO is an emerging software company on the cutting edge of major IT-infrastructure trends including cloud computing and microservices. The company, founded in the UK but now based in San Fran...
Feb. 21, 2017 04:30 PM EST Reads: 2,301
Big Data, cloud, analytics, contextual information, wearable tech, sensors, mobility, and WebRTC: together, these advances have created a perfect storm of technologies that are disrupting and transforming classic communications models and ecosystems. In his session at @ThingsExpo, Erik Perotti, Senior Manager of New Ventures on Plantronics’ Innovation team, provided an overview of this technological shift, including associated business and consumer communications impacts, and opportunities it m...
Feb. 21, 2017 04:00 PM EST Reads: 6,887
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Jared Parker, Director of Financial Services at Kinetica, will discuss how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich inf...
Feb. 21, 2017 03:30 PM EST Reads: 1,262
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Feb. 21, 2017 03:15 PM EST Reads: 811
"delaPlex is a software development company. We do team-based outsourcing development," explained Mark Rivers, COO and Co-founder of delaPlex Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Feb. 21, 2017 03:00 PM EST Reads: 5,972