SOURCE: One World Ventures, Inc.

One World Ventures, Inc.

March 10, 2010 09:29 ET

One World Ventures, Inc. Completes Beta Testing Phase of 1World Cash

LAS VEGAS, NV--(Marketwire - March 10, 2010) -  One World Ventures, Inc.'s (PINKSHEETS: OWVI) 1World Card, a provider of prepaid cards and 1World Cash, announced completion of beta testing and approval of its remittance technology.

The testing process has involved completing transactions that efficiently send funds from Hong Kong to the Philippines in a manner that duplicates the expected real-world plan. The testing now continues into a short, live-transaction phase to ensure the system behaves as expected during live transactions.

"We are very pleased with the results of our testing," CEO Steve Prior explained. "From security to exchange rates, there are many details to address through this process. We are confident we are now prepared to go live with 1World Cash in a matter of days."

"The results have been phenomenal. The system efficiency allows us to be the lowest cost remitter and maintain strong margins," Prior said. "We are so confident of this model that our first 1World Cash location is within 50 steps of two Western Union locations."

With a large population of Filipino migrant domestic helpers in Hong Kong, One World expects to quickly become the simpler and safe way to send money for the Filipino community. 

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. 

About 1WorldCard

1WorldCard offers a simple and inexpensive alternative to traditional bank accounts. 

1WorldCard is a technology based company that provides customers, especially the largely unbanked and under-banked, the ability to secure a debit card that can be used for everyday purchases and business plus access to funds at over 800,000 ATM machines worldwide. 1WorldCard is secure and can be used at Point of Sales (POS) recognized merchants worldwide.

Safe Harbor Statement:

Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. One World Ventures, Inc. undertakes no obligation to update any such statements to reflect actual events.

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