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KEYNOTE SPEAKER AT VENDORCOM
CO-OWNERS: BUILDING YOUR INTERNET FINANCIAL COMMUNITY™ IT OUTSOURCING SUCCESS INVESTING IN CO-OWNERS |
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| news KEYNOTE SPEAKER AT VENDORCOM Mr. Thomas Nash, Chairman and CEO of Xalles Limited, was the keynote speaker at the Vendorcom Conference in London, England on Wednesday 30th April. His presentation covered three distinct areas of importance to all individuals in the cards and payments sector: the latest trends and tools for addressing card and payment systems security, innovative techniques for funding and developing the new technologies, and the challenges of bringing new technology to market. Mr. Nash introduced a new payments security system created by CardSwitch Technology that provides the best prevention, detection and resolution of card payment fraud by reducing risks on typically high risk transactions, allowing card holders to define their own user limits and/or prohibitions, and much more. For more information on CardSwitch visit www.cardswitchtechnology.com. For more information about Vendorcom visit www.vendorcom.com. for more news click here .......................................................................... customerprofile CO-OWNERS: BUILDING YOUR INTERNET FINANCIAL COMMUNITY™
Imagine an internet community of millions of members, each spending, saving and investing, and earning unique financial rewards while performing traditional financial actions. Imagine a company that offers extensive financial products like a Capital One® combined with a company that gives its members the tools they need to build their own online communities like a Facebook. Now imagine that same company offering its members revenue sharing of up to 70% on all revenue brought into the company. Co-Owners Inc. is a company that is all that and much more. Co-Owners plans to become a multi-product financial services firm, leveraging the power of the Internet to build a substantial loyal member base. Through Co-Owners’ unique Patent Pending business model, Co-Owners will create rapid growth of its member base by building a “financial services network” comprised of members all working to achieve the same goal – financial security. Co-Owners Inc. has been in the development and research stages of its business since 2004, for the purpose of offering innovative and competitive financial products to domestic and global consumers. Co-Owners is a financial community built by its members, for its members. There is no cost to become a member, and no cost to build your own financial community within Co-Owners. The commitment to its members, as part of the patent pending design, is to research and offer lower cost and higher yield products and services than are currently available in the market as one spends, saves, and invests. Co-Owners is designing money-saving financial products and services for its members. Co-Owners also believes that “word-of-mouth” advertising (a.k.a. viral marketing) is the strongest way to get the message out about its unique financial products and services. As the company and the Internet community becomes larger, the greater the savings and earnings opportunities for all the members. The Co-Owners revenue sharing plan is based on a mathematical formula, where its members -- those who choose to spend, save, invest and help build the company -- will share in about two-thirds of the total revenues of Co-Owners. The longer you are an active member, the more money will be returned to you in the form of earnings.
Members can earn money personally and in communities for every dollar spent, saved, or invested using the Personal Currency™ products. The interaction of a growing number of members using these financial services creates a web-based micro-economy. The Member Rewards Program Member Rewards are based on the Co-Owners Geocentric Earnings Matrix (GEM) model (patent pending) which encompasses: 1. Spending, saving and investing. Increased use of any Co-Owners product or program will increase the member’s cash rewards. 2. Diversity. Participation in multiple Co-Owners programs will increase the cash rewards. 3. Loyalty. The longer the length of time a member participates in each program, the higher the cash rewards. 4. Team Building. Referring other people into Your Internet Financial Community™ will increase the cash rewards to the member. Xalles has been working with Co-Owners on multiple fronts. Initially Xalles was brought in to validate the business model and develop the business strategy. More recently Xalles has obtained some funding for the company and continues to assist in the presentations and structuring of second round financing. Over the next 24 months, Xalles will be involved in the design and development of the Internet community web portal and financial systems associated with launching the Co-Owners community and then adding functionality and products over time for the members to take advantage of. Xalles has also been involved in bringing a team of industry professionals together to form the core management team for Co-Owners to enable the company to launch successfully in 2009. You will hear more about this exciting initiative which holds promise for all individuals in the United States and other countries, currently feeling the crunch of these difficult economic times. .......................................................................... creativityinfusion IT OUTSOURCING SUCCESS
It is now a popular practice to outsource IT work. Many companies of all sizes are outsourcing system development work, hosting of systems, technical architecture design, and many other facets of the information technology sector of their business. We have identified a few critical areas of focus for your consideration as you embark on a new outsourcing project. Some of these tips are more commonly known than others so whether you are outsourcing IT work and projects around the corner or around the world, please read on. 1. Do not buy on price alone: There are many hidden costs to doing business with another firm. Quality varies from one company to the next, knowing how to best manage a project together, including change requests, out of scope work, relationship management and communication issues can all add hidden costs to your quotation. $10/hour does not always mean $10/hour. 2. Ask for two types of references: Naturally you will want to ask the service provider for references related to your industry and your project and they will be happy to provide some. Then ask them for contact information on projects where they had problems. Call all of the references and find out what it is really like to do business with this firm. 3. Build a relationship: Do not start with a major project with the new vendor. Give them a couple of smaller tasks or projects to test them out. The relationship also needs time for both parties to get to know each other’s businesses and people better to create a long term working relationship. 4. Link payment and performance: Clear deliverables tied to all progress payments is critical to keep all personnel involved in the initiative cognizant of what is important to your business. 5. Ask this simple question: Do you trust them? If you have not been made to feel comfortable about the skills and business style of the front office or the back office personnel, then find another firm. There are many qualified firms, large and small, competing for your business. You do not need to settle. Contracts are great, but only come into play when the project is already a disaster. At that point, it’s too late. 6. Post-project support: Which firm is prepared to support you and treat your company as a priority after the project is completed? Look for firms who are also interested in long term relationships. 7. Local project management: Many offshore outsourcing companies are now realizing that there needs to be a local presence to manage large projects and provide an effective communications link with the primary team located offshore. If your provider cannot give you local service, you might want to look for alternatives. Many firms have learned the hard way how not to outsource IT work. Follow these tips and you can be one of the firms that can embrace the benefits of outsourcing while avoiding the pitfalls. You want to be one of the firms who find the best solution for your company, not simply the cheapest. to receive more creative business ideas, register to receive our monthly emails by clicking here .......................................................................... chairman'scorner INVESTING IN CO-OWNERS
As you read above, Xalles is heavily involved with the launch of Co-Owners Inc. It’s this last question above regarding funding which could determine the future success of Co-Owners. This company aims to create Your Internet Financial Community™, a concept that crosses geography and demographics of consumers. As we march down the path of developing this web-based community, we are presenting the Co-Owners opportunity to private qualified investors as well as strategic business investors, to determine the make-up of the shareholders that will be part of the Co-Owners launch. Should any of our readers be interested in more information about this opportunity, you are welcome to contact the Xalles staff for more information. We look forward to an exciting next year at Co-Owners. Perhaps you will join us in our endeavor. TWN. Thomas W. Nash is the Chairman and CEO of Xalles Limited. |
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In the nearly four years since the founders began the design and development of this product line, the media has revealed every strength and weakness within the credit and debit card industry. Amazingly, even today, the industry recognizes very few of its problems, or its vulnerabilities. There are no new discoveries or innovations currently offered in the marketplace that would lead to the next generation of payment products. As a new company, Co-Owners is operating with a structural blend of commerce and banking. Rather than building a customer base, Co-Owners is assembling a community. This community, the member population, forms
Your Internet Financial Community™ fortified with the spirit of ownership. The landscape for the community is open to everyone, everywhere, who wants to both save and earn more money.
In our last newsletter issue I wrote about essential ingredients for the successful launch of a new product or service. Do you have the right product at the right timing? Is the right business model and strategy in place? Is the right team in place with the right passion and is there synergy? Is there appropriate funding at the right times when needed?
