V-Mobile Technologies Inc. on Monday reported producing 14 millionaires since it started operation in 2003 of its subscriber-based telecommunications digital loading called Load Extreme.
V-Mobile president and chief executive officer (CEO) Ismael Bengco said they project to produce 150 millionaires from those who joined them. He said the company has 330,000 member-subscribers.
He said their millionaires include an enterprising student and a housewife.
The company said it has a stable financial partner, PentaCapital Management Corp., which is a subsidiary of PentaCapital Investment Corp. He said the group is growing at the rate of one subscriber every 1 and 1/2 minute.
Members of the company sell more than 300 products under Load Extreme, including cellular phone loads and credits for computer and online games as well as satellite TV.
“We were the first to create the universal pre-paid loading system. Once a cellular phone is loaded, it has access to all telecommunications networks including prepaid system,” Bengco said.
He said digital loading under Load Extreme has a great advantage compared to the traditional sale of prepaid cards at P50, P100, P300 and P500. He said that selling cards would require a large capital.
Under the traditional prepaid card system, if a dealer want to access 10 networks, he has to produce a capital of at least P95,000.
Bengco said that under Load Extreme of VMobile, a member-subscriber can sell with only a capital of P1,000 and already has access to more than 300 products.
“That’s possible because we offer virtual business. That’s the reason why we call it VMobile because this is virtual business that needs only P1,000 capital to access all telecommunications networks,” Bengco said.
“The advocacy of VMovile is simple: empowerment through technology,” Bengco said.
Published in the Sun.Star Cebu newspaper on March 08, 2011.
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