SOURCE: Aquasil


February 21, 2012 09:00 ET

Oveldi Plans New Software Installation in South China

NEW YORK, NY--(Marketwire - Feb 21, 2012) - Oveldi Worldwide Shipping (PINKSHEETS: AQUS) is pleased to report that its division in Hong Kong, Oveldi International Ltd., has begun discussions with the Dongguan City CLED Optoelectronic Co., Ltd. to provide its 40,000 square foot manufacturing facility Oveldi's proprietary software known as EviCAT to improve its manufacturing and reporting processes.

Oveldi hopes to improve productivity in the facility located in the National High-Tech Industrial Development Zone of Song Shan Lake, Dongguan, Guangdong, China as well as improve the production information statistics and product tracking information for interested outside parties, such as their customer base. Once established with the CLED Optoelectronics Company in this region, Oveldi hopes to further spread its software, EviCAT, into neighboring manufacturing facilities thereby increasing Oveldi's footprint in the area.

Oveldi derives its revenue by trading valuable technology like EviCAT to manufacturing facilities and exporters in exchange for lucrative shipping contracts. Freight consolidation is a multi-billion dollar industry and there is a high demand for improved shipping technology that can communicate with foreign governments such as the United States Department of Homeland Security. A process automated by EviCAT but today is performed by individuals and is an 85% manual process.

Safe Harbor Act Notice:

Statements contained herein that are not historical facts are forward-looking statements within the meaning of the Securities Act of 1933, as amended. Those statements include statements regarding the intent, belief or current expectations of the company and its management. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, the company's ability to obtain additional financing and the demand for the company's products. Any investment in the company would be extremely speculative and involve a high degree of risk and should not be pursued unless the investor could afford to lose their entire investment. Before investing, please review this filing, all past public filings with the SEC, all current filings and consult a registered broker dealer or contact the financial industry regulatory authority ("FINRA") for more information regarding locating a qualified party to assist in making an investment decision. The company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in the company's expectations with regard to these forward-looking statements or the occurrence of unanticipated events. Factors that may impact the company's success are more fully disclosed in the company's most recent public filings with the U.S. Securities and Exchange Commission. Forward-looking statements are typically identified by the use of terms such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "might," "plan," "predict," "project," "should," "will," and similar words, although some forward-looking statements are expressed differently. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

About Oveldi Worldwide Shipping Group

Oveldi (formerly known as Aquasil) provides supply chain management solutions designed to provide the best product tracking system in the world, primarily to European and North American companies manufacturing in Asia, in exchange for shipping contracts. The management team of Oveldi have retooled businesses in industries with the world's most complex tracking requirements.

Contact Information

  • On behalf of the Board of Oveldi Worldwide Shipping Group

    Contact Us

    Oveldi Worldwide Shipping Group
    952 N. Western Avenue
    Los Angeles, California 90029