Welcome!

News Feed Item

VuQo Holdings Corp CEO Issues an Open Letter to Shareholders

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.

Dear Shareholder,

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.

Sincerely,
Roland Sianghio
CEO, Vuqo Holdings

Contact:

Boventures Inc.
Investor Relations
877-377-9809

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
There is little doubt that Big Data solutions will have an increasing role in the Enterprise IT mainstream over time. Big Data at Cloud Expo - to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA - has announced its Call for Papers is open. Cloud computing is being adopted in one form or another by 94% of enterprises today. Tens of billions of new devices are being connected to The Internet of Things. And Big Data is driving this bus. An exponential increase is...
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams. In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Tintri VM-aware storage is the simplest for virtualized applications and cloud. Organizations including GE, Toyota, United Healthcare, NASA and 6 of the Fortune 15 have said “No to LUNs.” With Tintri they mana...
Creating replica copies to tolerate a certain number of failures is easy, but very expensive at cloud-scale. Conventional RAID has lower overhead, but it is limited in the number of failures it can tolerate. And the management is like herding cats (overseeing capacity, rebuilds, migrations, and degraded performance). Download Slide Deck: ▸ Here In his general session at 18th Cloud Expo, Scott Cleland, Senior Director of Product Marketing for the HGST Cloud Infrastructure Business Unit, discusse...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
If you had a chance to enter on the ground level of the largest e-commerce market in the world – would you? China is the world’s most populated country with the second largest economy and the world’s fastest growing market. It is estimated that by 2018 the Chinese market will be reaching over $30 billion in gaming revenue alone. Admittedly for a foreign company, doing business in China can be challenging. Often changing laws, administrative regulations and the often inscrutable Chinese Interne...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Complete Internet of Things (IoT) embedded device security is not just about the device but involves the entire product’s identity, data and control integrity, and services traversing the cloud. A device can no longer be looked at as an island; it is a part of a system. In fact, given the cross-domain interactions enabled by IoT it could be a part of many systems. Also, depending on where the device is deployed, for example, in the office building versus a factory floor or oil field, security ha...
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
"We have several customers now running private clouds. They're not as large as they should be but it's getting there. The adoption challenge has been pretty simple. Look at the world today of virtualization vs cloud," stated Nara Rajagopalan, CEO of Accelerite, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.