SOURCE: Compass Biotechnologies Inc.

June 14, 2012 17:12 ET

1 World Direct US Inc. Signs Agent Agreement and Announces Opening of Offices in Indonesia

NEWPORT BEACH, CA--(Marketwire - Jun 14, 2012) - 1 World Direct US Inc., the newly acquired wholly owned subsidiary of Compass Biotechnologies Inc. (PINKSHEETS: COBI), has today signed an Agent agreement with PT Kartu Global Bersma of Indonesia. 1 World Direct US has opened offices with PT Kartu Global Bersama and a newly completed office building at Jalan Tukad Citarum DD no 6 Renon Denpasar Bali Indonesia.

"Indonesia is the most populous and geographically largest country in South-East Asia. It has also the second largest migrant worker population in the region, reaching over 1,000,000 placements in 2011. 1 World Direct US Inc., with the signing of the Agent agreement with PT Kartu Global creates an immediate foothold in the Indonesia market," says Tom Krucker President of 1 World Direct US Inc.

"The signing of the Agent agreement with 1 World Direct US Inc., to market their Global Payments Solutions with PT Kartu Global Bersma represents a significant step forward and providing our Indonesia Workers and Employment Agencies /Manning Companies the best possible solutions for their remittance programs. We welcome 1 World Direct US Inc., into our offices and will be placing them immediately with the multitude of companies with over three hundred thousand customers requiring their unique Global Payment Solutions. We also look forward to a prosperous and successful relationship," says Ketut Purna, President, PT Kartu Global Bersma.

Tom Krucker goes on to say, "Our projected number of users for the next 6 months from this partner channel is 50,000 with the potential of 300,000. We estimate that the projected minimum user cards out of the first 50,000 for period of 90 to 120 days out is 20,000 card users which if reached creates a baseline of $40,000 in revenues per month. The prospect of the company being net revenue positive within the next quarter is exciting and a testament to the strength of our Global Payment Solution product set."

About PT Kartu Global Besma
PT Kartu Global Bersma has been in business for 20 years in Indonesia and is well established within the Indonesia Business Community. The Company specializes in International Marketing, Travel, and Remittance Programs and employment agency and manning services. The company creates immediate channels of business for companies wanting to do business in Indonesia.

1 World Direct US, a wholly owned subsidiary of Compass Biotechnologies Inc. (PINKSHEETS: COBI), integrates and provides direct payment systems into the global community that positions the company above its direct competition. 1World Direct leverages the integration of its branded cards and expands access to its stored value cards for consumers through multiple distribution channels. 1World provides a singular competitive resource for affordable funds transfer and stored value products and services generating continued profits for its shareholders.


Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.

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