SOURCE: Far East Ventures Trading Company

October 12, 2007 12:30 ET

Far East Ventures, Inc. Announces the Shareholders Have Approved Changing Its Name to Far East Ventures Trading Company

LAS VEGAS, NV--(Marketwire - October 12, 2007) - Far East Ventures, Inc. a/k/a Nico Telecom, Inc. announced today the shareholders have approved changing the company's name to Far East Ventures Trading Company (PINKSHEETS: NICO).

"Controlling 55% of the outstanding common shares has enabled the shareholders to start the process in bringing all of NICO's filings current," commented Steven G. Trapp, President of Far East Ventures Trading Company.

"As stated previously once the filings are brought current Far East will look to acquire an operating company that can generate a beginning return on common equity of 20% or better for its shareholders. The following company's were acquired via reverse acquisitions: Billabong International Ltd., TZOO, Inc., China Automotive, Inc., & Yasheng Group Ltd.," stated Steven G. Trapp, President of Steven G. Trapp & Company.

Sappi Ltd. traded on the OTC BB as a non Reporting ADR during the mid-late '90s before becoming fully reporting and listing its shares on the New York Stock Exchange.

Certain statements in this news release constitute "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Far East Ventures Trading Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements include, but are not limited to, (i) statements concerning future financial condition and operations, including future cash flows, revenues, gross margins, earnings and variations in quarterly results and (ii) other statements identified by words such as "may," "will," "should," "could," "might," "expects," "plans," "anticipates," "believes," "estimates," "projects," "predicts," "forecasts," "intends," "potential," "continue," and similar words or phrases.

Contact Information

  • Contact Information:

    Steven G. Trapp
    President
    (702) 254-0069
    Email Contact