LAKEWOOD, Colo., April 8, 2008 // PRNewswire-FirstCall // -- V2K International, Inc. (OTC Bulletin Board: VTOK), announced today that 25% of the franchise locations opened this calendar year by its wholly owned subsidiary, V2K Window Fashions, have been in Canada. V2K currently has franchises operating in Alberta, British Columbia and Nova Scotia, and is launching a new location in Medicine Hat, Alberta later this month.
The Company attributes its recent success in Canada to a new affiliation with MatchPoint Network, a leading Canadian / U.S. franchise consultant group, and a successful Canadian Google ad campaign. "We've seen a major increase in inquiries from Canadian franchise candidates in the last few months," said Roy Billesbach, V2K's Director of Franchise Development, "and this has quite obviously translated into sales. Since we've really only just begun to tap into this market, we expect the trend to continue."
V2K also has a franchise operating in Aruba, and recently announced that it had entered into a letter of intent to license a customized version of its patent pending technology with Merkin Window Furnishing Pty Ltd of Melbourne, Australia, on an exclusive basis.
"The combination of our franchise business model and 3D Decor Creator technology has potential applications throughout the world," said Vic Yosha, V2K's President and CEO, "through either the development of master franchise agreements or software license agreements. We also have plans to incorporate additional products into the technology, things like flooring, carpet and paint."
Through its wholly owned subsidiary, V2K Technology, V2K develops and licenses proprietary software that is designed to be used in the commercial and home decor markets. Almost anything can be done to the interior of a room utilizing its software. In a three dimensional view, where everything is 100% to scale, the user can add, adjust, color and texture walls, windows, doors, ceilings and floors, and then drag and drop items from a library of products into the scene. V2K Technology licenses a version of the software for custom window treatments to another wholly-owned subsidiary, V2K Window Fashions, which operates the franchise system, V2K Window Decor & More. Using the technology as the centerpiece of a franchise offering, V2K Window Fashions sells and supports franchises in the window fashion industry. V2K currently has approximately 180 franchisees operating in the United States, Canada and Aruba.
Forward Looking Statement Notice: This press release includes "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical fact, included in the press release that address activities, events or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made based on experience, expected future developments and other factors the company believes are appropriate under the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company and may not materialize. Investors are cautioned that any such statements are not guarantees of future performance. The contents of this release should be considered in conjunction with the warnings, risk factors and cautionary statements contained in the company's recent filings with the SEC, including its Annual Report on Form 10-KSB and Quarterly Report on Form 10-QSB. Furthermore, the company does not intend (and is not obligated) to update publicly any forward-looking statements, except as required by law.
SOURCE V2K International, Inc.