WorldVen­tures busi­ness model ‘le­gal’

The China Post - - BUSINESS -

WorldVen­tures Tai­wan is un­der the pro­tec­tion of the law of the Re­pub­lic of China and is not an illegal pyra­mid scheme, ac­cord­ing to a press re­lease from the com­pany yesterday. With re­gards to the re­port­edly false al­le­ga­tion that dam­aged the im­age of the com­pany, it will re­serve the right to pur­sue le­gal ac­tions to pro­tect the rights of the com­pany and its mem­bers, the firm stated.

Presently, the to­tal num­ber of reg­is­tered mem­bers of the com­pany world­wide equals over 300,000 and is pick­ing up speed monthly, ac­cord­ing to the com­pany. All ac- tive mem­bers of WorldVen­tures Tai­wan en­joy a diver­si­fied range of ben­e­fits, which in­clude pref­er­en­tial pric­ing for restau­rants, ac­com­mo­da­tion, daily use prod­ucts and other ne­ces­si­ties of life. Do­mes­ti­cally, WorldVen­tures Tai­wan has al­ready en­tered into agree­ments with nu­mer­ous part­ners, in­clud­ing OK Green Cof­fee, Home Ho­tel, Chan Yuan Fu and other res­tau­rant af­fil­i­ates. The com­pany pro­vides its mem­bers with pref­er­en­tial prices in the pur­chase of prod­ucts and ser­vices from its co­op­er­at­ing part­ners, the com­pany said.

Jas­mine Ma, GM of WorldVen­tures Tai­wan, in­di­cated that the mis­in­ter­pre­ta­tion and mis­trust over the le­gal­ity of the busi­ness model of the com­pany is due to the lack of un­der­stand­ing. WorldVen­tures Tai­wan is now proac­tively com­mu­ni­cat­ing with gov­ern­ment author­i­ties, and has al­ready met with gov­ern­ment author­i­ties and in­dus­tries to dis­solve the doubts of in­dus­tries as well as con­sumers, said Ma.

Head­quar­ted in Texas, WorldVen­tures is cel­e­brat­ing its 10th an­niver­sary in 2015 and be­com­ing a multi­na­tional cor­po­ra­tion with a pres­ence in 28 coun­tries/re­gions of Amer­ica, Europe, Africa, and Asia, the com­pany said.

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