SOURCE: The Amergence Group
The Interactive, Internet-Based, Full-Color, Electronic Concierge Service Provides Hotel Visitors With Free Access and Information to Hundreds of Attractions and Opportunities Throughout China; $200,000(US) in Monthly Advertising Revenue Is Expected to Flow From the Touch-Screen Monitors Once the Initial 100 Kiosks Are Placed in Shanghai
PHOENIX, AZ and HONG KONG–(Marketwire – August 20, 2010) – The Amergence Group (
“According to the WTO, in 2020, China will become the largest tourist country and the fourth largest for overseas travel. In terms of total outbound travel spending, China is currently ranked fifth and is expected to be the fastest growing in the world from 2006 to 2015, jumping into the number two slot for total travel spending by 2015,” according to Wikipedia. (http://en.wikipedia.org/wiki/Tourism_in_China). This tremendous growth spurt in Chinese tourism led to a proportional explosive growth rate in new hotel construction. This phenomenon further increased the need to deliver valuable, up-to-date, location-specific information to hotel guests.
PanPacific International’s solution provides each hotel with an interactive, internet-managed, full-color kiosk that delivers a fast, convenient, and low-cost way to provide guests with a free-access information gateway to hundreds of commercial values throughout the region, all offered in a broad range of languages and currency equivalents. When the kiosks are placed in qualifying locations, revenue derived from advertisers is shared with the hotel.
PanPacific president, Jack Martin, has slated an initial rollout target of 100 units during its first 90 days in Shanghai — home to over 350 qualified hotel-prospects. Each machine is projected to generate $16,600(HK) or $2,000(US) per month in advertiser revenue. Once the first 100 stand-alone, color, touch screen display kiosks are placed and fully utilized in Shanghai, they are projected to create monthly revenue of US$200,000 (HK$1,500,000). Location contracts come with a standard 5 year term. Upon the successful rollout in Shanghai, the company plans to expand its network operations to Beijing, Hangzhou, Guangzhou, Shenzhen and Chengdu.
With management expertise and offices around the globe, The Amergence Group is uniquely positioned to introduce bold, edgy, or disruptive businesses to the world. With Amergence’s assistance, each successful, well-run subsidiary can transform itself into its own individual fully-reporting public company.
ABOUT THE AMERGENCE GROUP
The Amergence Group (
ABOUT PANPACIFIC INTERNATIONAL, INC.
PanPacific International (www.yespanpacific.com) became The Amergence Group’s first “Spin-Out” subsidiary. Headed by Mr. John T. “Jack” Martin, its chief executive, the company is charged with seeking out edgy and/or disruptive businesses in Hong Kong and the surrounding areas and incorporating them within PanPacific International. PanPacific is located at: 1702 Chinachem Tower, 34-37 Connaught Road Central, Hong Kong, Hong Kong S.A.R.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company’s Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.
Company and Contact:
Peter H. Jacobs
14220 N. Northsight Blvd., Suite 139
Scottsdale, AZ 85260
John T. Martin
Chief Executive Officer
PanPacific International, Inc.
1702 Chinachem Tower
34-37 Connaught Road Central
Hong Kong, Hong Kong S.A.R.