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Oveldi Plans New Software Installation in South China(February 21, 2012)
NEW YORK, NY -- (Marketwire) -- 02/21/12 -- 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.
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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.
On behalf of the Board of Oveldi Worldwide Shipping Group
Oveldi Worldwide Shipping Group
952 N. Western Avenue
Los Angeles, California 90029
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