W Corp

W Corp: Snap report by Voyage, which has a Potential Gem rating and TP $0.10 on the stock. Notes the next milestone for the company will be its EGM to be held on 23 Jul, where shareholders will vote on the proposed acquisition of YuuZoo . Background: Since 1 Jul 2013, YuuZoo has been contracted for the development of eight client branded networks with cumulative contract value of at least US$72m. As of 13 Jun 2014, YuuZoo has 19 resellers with strong local expertise and networks to market client branded networks to corporate clients keen on developing their own social platform. In turn, these resellers allow YuuZoo to extend its reach to countries such as India, Hong Kong, European markets such as Finland and Russia. China Expansion: In Dec 2013, YuuZoo entered into a cooperation agreement with Xing Lei Network Technology (Shanghai) to promote the PRC variant YuuZoo.cn, which will hold all PRC YuuZoo networks. Drawing on Xing Lei’s relationship with state owned enterprise Shanghai Media Group (SMG), Xing Lei shall coordinate with a subsidiary of SMG to design, develop and market social platforms for its television shows and introduce a local service provider to provide relevant network content, advertisements and products on the network platforms. In turn, YuuZoo will receive as license fees 30% of direct and indirect revenue after deducting third party costs. YuuZoo may even consider extending the relationship to open a sports betting website due to a partner’s access to football betting rights in China.