Release
One World Ventures, Inc. Inter Solar Tech, a subsidiary of One World Ventures, Inc., has announced it will supply its branded self-contained solar systems to Preferred Home Services.
Preferred Home Services is a fast growing company with offices, salesmen, canvassers and installers in Ohio, Ind., Ky., and Colo. with expansion plans into Fla. and Nev. in the near future.
"We are extremely glad to have forged this relationship and believe it is a tremendous compliment to our roofing, siding and gutter business," Devon Lee Smith, CEO of Preferred Home Services said. "We expect rapid growth through our existing sales network and to meet our goal of exceeding $2 million in monthly sales by the end of 2010."
With the agreement, Preferred Home Services placed an order for the first shipment of solar units. Control units are being produced in Cincinnati, Ohio, where final assembly will take place.
"We anticipate this will create 100 new jobs," Smith explained when talking about the addition of the solar product to his company’s product line. The jobs will range from assembly to sales positions.
Steve Prior, OWVI CEO, is excited about the agreement as it represents the company’s move into the U.S. Market. With production in China, solar units being installed in Mexico and products in the European Union, this announcement represents another large step in One World Ventures’ vision of becoming a leading provider of quality solar products to the world.
"Preferred Home Services is an aggressive sales organization with the ability to install our product immediately in approximately 200 locations throughout the U.S. We believe this relationship will enable our company to become a significant player in this fast-growing market," Prior said.
As part of the agreement, the two companies will continue to work together on the design of the products. Upon regulatory approval of the components in the U.S., delivery and installations will commence. This is anticipated before May 2010.
With the world-wide emphasis on renewable energy and the subsidies being offered by governments throughout the world, One World Ventures’ Inter Solar Tech expects a strong growth curve in 2010.
"Obama has pledged $150 billion in spending in renewable energy over the next 10 years and to make renewable tax credits permanent," Prior said. "It is becoming evident that Americans are more interested in taking advantage of renewable energy and we see this to be a great field to be in for the foreseeable future."
About One World Ventures, Inc.
One World Ventures, Inc. is a holding company with management resourced in Asia and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages. One World Ventures subsidiaries include 1World Card, Inter Solar Tech, Ltd., 1World Auction, Tutamen (HK), Ltd., and Vonsi Technology Inc.
Management of One World Ventures, Inc. has substantial international experience in Central America, Africa and Asia setting up companies and establishing trade and commerce. The company leverages these skills with emerging technologies and strategic alliances to provide creative solutions and market opportunities.
About Inter Solar Tech
Inter Solar Tech, Ltd. engages in the sale and distribution of renewable power generation products for solar, wind, and hybrid energy projects for both residential and commercial purposes. Inter Solar Tech, Ltd. currently sells its products to a network of distributors and resellers in the Peoples Republic of China and the European Union with a plan in place for expansion of its sales and distribution network throughout the rest of the world.
The company specializes in photovoltaics, heatpipe, and wind power generation systems. Previously known as Octopus Development, Ltd., Inter Solar Tech was founded in 2004 and is based in Hong Kong, Special Administrative Region of China.
Contact:
One World Ventures, Inc.
USA Tel (+1) 702-789-1088
Preferred Home Services
4141 Montgomery Rd