VMobile targets 1 million members before year end

CEBU, Philippines - The universal prepaid loading system provider, VMobile Technologies Inc., aims to hit one million subscribe-membership mark before the year ends, getting its strength from the unique multi-level concept introduced by the company via the myLX (LoadExtreme) program.

The company’s president and chief executive officer (CEO) Ismael M. Bengco III said that by maximizing the over 70 million mobile subscribers in the Philippines, and other users of prepaid cards the company can easily hit the one million membership base, highlighting its unique income opportunity offer to Filipinos across social status.

VMobile offers two-way strategy to earn-- this is through the selling discounted pre-paid cards for users, and limitless commission for members to get registrants for the growing network.

In Cebu, the concept was introduced only this year, Bengco said the company has seen tremendous growth of network membership.

At present, the company registers a total of 640 subscribers or members actively involved in the network. It is growing at a rate of least four members to join the network every three minutes.

Because of its unique business strategy, the network in now penetrating overseas, maximizing the presence of the OFWs (Overseas Filipino Workers) in Europe, United States, Middle East, Hong Kong and Singapore, Bengco said.

In fact, VMobile is on its way to introduce a dedicate platform for its Globe Business Package.

Capitalizing its top-notch online and mobile loading facility, VMobile’s “myLX “program serves as a channel for all pre-paid products, of which all transactions will be made online, and via mobile telecommunication.

According to Bengco, the company is investing in perfecting and constantly improving its platform to make it much easier for members to earn, and sell prepaid card products, re-enforcing the trend of eCommerce.

This year, the company is also looking at investing at least P15 million to enter into the profitable money transfer business, Bengco said.

VMobile is a subsidiary of Penta Capital Group of Companies. The owners and management of Portal Innovations Corporation (Portal) recently signed an agreement with Pental Capital to finance the new beginning and continuity of the LoadXtreme business operations nationwide.

Under the new management, the high technology Universal prepaid loading system will run under the best in financial management, Bengco said.

Joining the fast growing network of VMobile, would require P3,988 lifetime membership fee, or what the company called as “Technoprenuer” package. The kit provides 20 techno-prenuer access cards, quick guides, product and price lists, three Smart sim cards, and two tarpaulins to start off a pre-paid loading business.

Its multi-level marketing concept is using the binary compensation strategy, of which a network subscriber can earn limitless commission for potential members to register down his/her line. (FREEMAN)