W Corp

W Corp: YuuZoo is currently undergoing a reverse takeover of SGX listed W Corporation Limited (formerly known as Contel Corporation Limited). The transaction is expected to be completed before 31 Mar 2014. YuuZoo creates customized social networks for any age, interest and/or location based interest group, brand and organization. These networks that YuuZoo rolls out may be self-owned or client branded. The complete technological offering to clients include integrated e-commerce shops, advertising platforms and mobile payment services. As an example, companies can either create a Facebook page, or build their own websites with social networking features to “connect” to their customers. What YuuZoo offers is more of the latter. YuuZoo, as of Apr 2013, has a combined user base of close to 40m unique registered users in over 160 countries. Existing clients include “world-class media companies, sports teams and celebrities in Asia, Europe and USA”. Voyage Research find the company’s business model promising. Already, YuuZoo is profitable. The company earned net profit attributable to shareholders of US$5.5m on revenue of US$26.9m for the financial year ended Dec 2012. As such, House may consider taking a closer look at YuuZoo at a later time.