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Aquasil International Inc. Name Change to Oveldi Worldwide Shipping Group


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Published in Business and Finance on by Market Wire   Print publication without navigation


February 08, 2012 09:00 ET

Aquasil International Inc. Name Change to Oveldi Worldwide Shipping Group

NEW YORK, NY--(Marketwire - Feb 8, 2012) - Aquasil International Inc. (PINKSHEETS: [ AQUS ]) announced today that it is in the process of changing its name to Oveldi Worldwide Shipping Group to better reflect the new business operation of the company. The company is hoping to have all necessary paperwork in place with FINRA upon receiving confirmation of the new Symbol and cusip. A corporate update will be issued. In the meantime trading will continue under the current name and symbol.

Due to the high amount of calls placed to the company over the last few days, the company is urging investors to submit any inquiries via email to [ info@oveldi.com ] or visit the company website for information.

Please visit [ www.oveldi.com ] for more information.

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 Pinksheets.com 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 Ltd. 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 -- and with great success. Indeed, this success has been nothing short of outstanding for those businesses for which we have retooled operations and simply put, we're successful because we love what we do.

Oveldi's integrated solution, EviCAT©, is designed to provide complete order and shipment tracking. We achieve this by monitoring each piece of a manufacturing order, updating the status of each piece throughout the manufacturing cycles, providing accurate and up to the minute information to interested parties. It is quite simple: Any authorized user of the system can follow the progress of an entire manufacturing cycle down to each individual piece, remotely as it makes its way from the production line to the shipping line to the final destination. Knowing precisely where an order is allows the recipient to accurately plan to receive the order. Marketing campaigns can be accurately planned, warehousing requirements can be established with plenty of lead time and production or shipping delays, which are common, are no longer a surprise. These companies are already large clients to the shipping industry; Oveldi simply increases the value to the client by introducing advanced technology and information previously unavailable. Clients take EviCAT© for a nominal annual fee and switch from their existing shipping service to Oveldi providing a consolidation opportunity for Oveldi.

In addition to the commercial advantages EviCAT© delivers, it is also connected to the United States Department of Homeland Security and the United States Customs and Border Protection services, the European Economic Union's CCT (Common Customs and Tariffs) and the Canadian Border Services Agency, which are rapidly changing the laws governing inbound container shipments. Many countries, including China (which is the world's largest exporter of container goods) have agreed to comply with new regulations but are years away from complete compliance. Each manufacturer using EviCAT© can become fully compliant once the system is integrated with the CRM and manufacturing systems.

Oveldi's business is to provide foreign customers with complete transparency and the best shipping services at competitive market prices by using the world's most advanced production line and tracking software.



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