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List of Press ReleasesJanuary 2009 i-PCV partners with Chinatrust for Visa Debit Cards
Makati City, 27 January 2009 -- Payment services firm i-Pay Commerce Ventures (i-PCV), has teamed up with Chinatrust (Philippines) Commercial Bank Corporation, the local subsidiary of the largest and most awarded banking institution in Taiwan, for the issuance of a co-branded debit card called i-CASH Visa Cards.
IPVG Expands IT Business in SE Asia
i-CASH is a payment solution designed by i-PCV for corporate clients for cash distribution and individuals who receive remittances from abroad. i-CASH Visa cardholders can use ATMs nationwide without the need to open and maintain a local bank account; securely load remittances straight into the card, plus make easy purchases at VISA and BancNet-accredited shops and establishments and pay bills online easily. “Partnering with Chinatrust is a key step in achieving our strategic direction to reach local and international communities. By combining the i-CASH money management functionalities with Chinatrust, owning an i-CASH Visa card will bring convenience and a rewarding experience to the cardholder,” said Alejandro James Chiongbian, President of i-PCV. Tony Robles, Executive Vice President and Head of Retail Banking Group of Chinatrust asserts, “Today’s consumers are looking for a simple, affordable, and secure facility to send and receive funds here and abroad plus enjoy the convenience of online transactions for bills payment. The i-CASH co-branded card not only addresses these needs, it also revolutionizes the money transfer concept.” A non-bank remittance company certified by the Bangko Sentral ng Pilipinas (BSP), i-PCV is the payment services subsidiary of publicly listed IT company IPVG Corp. (PSE: IP). It is dedicated to delivering better, faster and more cost-effective payment processing services to various individual and corporate users in the Philippines and abroad. These services include international remittances, processing of online credit card payments, issuance of co-branded debit cards, and loyalty programs. The new i-Cash Visa debit card will provide cardholders more access to their funds through Chinatrust’s 23 branches and BancNet-supported ATMs nationwide. About i-PCV i-Pay Commerce Ventures, Inc. (i-PCV), is a subsidiary of the IPVG Corp. (PSE: IP). i-PCV provides value-added payment transactions to various partners in the Philippines and abroad. Such services include processing of local and international remittances, processing of internet based debit and credit card payments (e-commerce), issuance of debit cards, loyalty programs among others. 
New IT holding company Viridiem Signs Deal with Elchemi
IPVG and Lucid Multimedia Partner to Grow Creative BPO Market
Makati City, 23 January 2009 -- IPVG Corp. (PSE: IP) announces today the first phase of a major expansion of their IT business in the SE Asia region. This new initiative, VIRIDIEM, will provide information technology infrastructure and services to enterprises across Asia in the most ecologically sound way. The company intends to lead the thinking and the deployment of energy-efficient computing resources. The very name Viridiem, which loosely translates to ‘GreenDay” in Latin, highlights the company’s intent in this area. In preparation for this, IPVG is moving its IT assets into Viridiem, IPVG’s new holding company for all of its IT-related businesses. Today, the Executive Committee of IPVG’s Board of Directors approved the execution of the option and partnership agreements with Elchemi Assets (www.elchemigroup.com), to acquire at least 20% of the equity of Viridiem, based on a third-party valuation. The investment is expected to be completed by end of the first quarter 2009. An initial goodwill deposit in the amount of US$500,000 will be provided by Elchemi by the first week of February. Roger Stone, Deputy Chairman of IPVG and the CEO of Viridiem said, “It has been estimated that data centers worldwide consume in excess of 14 gigawatts of power; and produce as much carbon dioxide (CO2) as air traffic, but inefficiently, as just 1% of the power entering a data centre is actually converted to computing work output. Our initiative in Viridiem is to be first in the market with new efficient technologies and to lead the deployment of environmentally sound data centres”. The first project is the construction of a 10,000 square meter facility, due to be ready for operation at the start of Q3 2009. This will be the most modern tier 3+ purpose build data centre in SE Asia and will cater to the needs of corporations who take energy conservation seriously. About IPVG IPVG is publicly listed on the Philippine Stock Exchange (PSE Ticker Symbol: IP). Its subsidiaries operate in the following business segments: (i) Communications (IP Services and Internet Security); (ii) Content (On-line gaming and Mobile solutions), and (iii) Business Process Outsourcing (BPO). IPVG presence is established in the Philippines, Singapore, Hong Kong, Vietnam, India, Panama, United Kingdom and USA. Editorial contacts: Investor Relations Tonio Garcia Tel. No. - 976 4784 Email - tonio.garcia@ipvg.com Corporate Communications Sheila Rada Tel. No. – 976 4784 Email – sheila.rada@ipvg.com
Makati City, 20 January 2009 – IPVG Corp. (PSE: IP) today announced that it has entered a Subscription Agreement with Lucid Multimedia Tech, Inc. (Lucid) to mark the expansion of its BPO portfolio into the animation/digital industry.
PEZA accredits newest BPO venture of IPVG
As a new player in the field of animation, IPVG is acquiring a majority stake equivalent to fifty-one percent (51%) of the outstanding capital stock and management control of the 40-seater multimedia service provider. Lucid is a premier supplier of multimedia services in the Philippines providing high-end 3D, web and digital works ranging from modeling, animation and architectural renderings for local and multinational corporations. In the global entertainment/animation industry, the on-going contraction being experienced in the first world economies is pushing the need to drive costs downward. Companies are accelerating off-shoring of creative work to lower cost, high quality locations such as the Philippines. “Lucid is a profitable boutique animation company that has specialization in 3-D animation. It has good track record, established relationship with key client(s), and an operation which we believe we can scale up very quickly. Thus, we see Lucid as our launch pad and platform into the animation industry,” said Enrique Y. Gonzalez, CEO of IPVG Corp. Ditrie Y. Villacorta III, President of Lucid Multimedia Tech, Inc., said, “We are confident that our operational and domain expertise combined with IPVG’s global footprint and strength in business development will raise the bar in service and quality to a whole new level.” According to the Animation Council of the Philippines, Inc. (ACPI), Filipino animators were behind some of the world’s best-loved cartoons and animated films – Scooby Doo, Tom & Jerry, Addams Family, The Mask, The Jetsons, Dragon Ball Z, Captain Planet, Finding Nemo and The Incredibles – all under entertainment giants such as Walt Disney, Warner Brothers, Cartoon Network, HBO, Marvel Comics, Hanna Barbera and producers of Japanese anime. International gaming manufactures such as Nintendo, Sega, Game Gear, Game Boy and Sony Playstation have also contracted local animators to render graphics for their respective gaming platforms. The ACPI said in 2006, the industry earned about US$65 million in revenues, almost double the total revenues from animation exports in 2001 with the Philippine animation having 25% annual growth. About IPVG IPVG is publicly listed on the Philippine Stock Exchange (PSE Ticker Symbol: IP). Its subsidiaries operate in the following business segments: (i) Communications (IP Services and Internet Security); (ii) Content (On-line gaming and Mobile solutions), and (iii) Business Process Outsourcing (BPO). IPVG presence is established in the Philippines, Singapore, Hong Kong, Vietnam, India, Panama, United Kingdom and USA. About Lucid Lucid Multimedia Tech, Inc. is a premier multimedia service provider in the Philippines. It offers a wide range of services from 3D modeling and 3D animation to web design and development. EDITORIAL CONTACT: Sheila Rada Corporate Communications sheila.rada@ipvg.com 976 4784
The PEZA registration of BPO Teleservices Inc. is in line with IPVG’s plans to rationalize its BPO operations through the formation of a holding company in Singapore. The BPO Holding Company will hold all of IPVG’s investments in voice business process outsourcing (BPO) companies in America, Latin America and Southeast Asia, including its current operations in the Philippines and North America. Photo caption (L-R): Enrique Y. Gonzalez, President, BPO Teleservices Inc., and Lilia B. De Lima, Director General, Philippine Economic Zone Authority, at the signing ceremony held at the PEZA Building in Pasay City. About IPVG Editorial contact: Corporate Communications: PR agency:
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