INFORMATION CAPITAL TECHNOLOGY VENTURES, INC. – ICTV

INFORMATION CAPITAL TECHNOLOGY VENTURES, INC. – ICTV

Previous company name
CASHROUNDS, INC.
Name change date
9/26/2006
Company Overview
The company, headquartered in Makati City, Philippines, is involved in securities brokerage activities, covering the sale, transfer or exchange of shares, stocks and bonds. It was established in 1996 under the name MF Schroder & Co., Inc. In 2002, it changed its name to Cashrounds, Inc. and subsequently renamed to Information Capital Technology Ventures, Inc. in 2006.
The company serves as an on-line matchmaker for companies looking for private equity investments either from angel investors or institutional investors. It seeks to play a critical and crucial role in finding investors during the initial (start-up) or second round (mezzanine) level of financing a business enterprise. Through its on-line business solutions, it collects, aggregates, qualifies and presents investment proposals to professional venture capital and various investors in the Philippines and the Asia-Pacific region for possible funding. The on-line service is delivered through a technology platform of an interactive website with complete proprietary front and back-end applications jointly developed by the company and Software AG, using XML technology.
The company operates as a subsidiary of Gamboa Holdings, Inc., a holding company based in the Philippines.
Business Summary
The Company is primary engage into telecommunications, media (except mass media), and technology. Its new primary purpose covers the business of providing telecommunications, media, and information technology products and services.
Description and history
The Company is a wholly owned subsidiary of Amalgamated Investment Bancorporation (AIB), a full-fledged and duly licensed investment house. The Company was originally incorporated on June 5, 1996 as MF Schroder & Co., Inc., initially to engage in the purchase and sale of securities. In 2000, AIB expanded the services of the Company by establishing an IT-enabled facility geared towards servising the private equity needs of SMEs by matching them on-line with Direct Equity Investors.

With the approvals by the Securities and Exchange Commission (SEC) of its amended articles of incorporation on January 2002, the Company was renamed Cashrounds, Inc. Its primary purpose is to engage in the business of securities brokerage relating to the sale, transfer or exchange of every description of shares of stock and bonds, be it publicly listed or privately held, and to execute such transactions with the use of information technology.

In May 2002, the Board of Investments (BOI) approved the application of Cashrounds, Inc as a new IT service firm. The Company was granted an income tax holiday for its registered activity for a maximum of four (4) years, tax credits on domestic capital equipment purchases, and employment of foreign nationals.

Cashrounds is an on-line matchmaker for companies looking for Private Equity Investments either from Angel Investors or Institutional Investors. The Company seeks to play a critical and crucial role in finding investors during the initial (start-up) or second round (mezzanine) level of financing a business enterprise.

Using its on-line business solutions, Cashrounds collects, aggregates, qualifies and presents investment proposals to professional Venture Capital and various investors in the Philippines and the Asia-Pacific region for possible funding. The on-line service is delivered through a technology platform of an interactive web site with complete proprietary front and back-end applications jointly developed by the Company and Software AG, using XML technology.

Cashrounds bridges the information gap between companies in search of funds and investors looking for investment opportunities. It provides a virtual forum where entrepreneurs can present their business plans on-line, have them evaluated by the investment bankers behind Cashrounds, and presented to interested investors.

On September 19, 2006, the Securities and Exchange Commission (SEC) approved the change in the company’s corporate name to its present one, that is Information Capital Technology Ventures, Inc. On July 24, 2008, SEC approved the change in the Company’s primary purpose into telecommunications, media (except mass media), and technology. Its new primary purpose covers the business of providing telecommunications, media, and information technology products and services. These include telecommunications value-added service (VAS) through companies duly licensed to engage in wired and wireless, fixed and mobile communications; software and hardware technology, business process outsourcing, call center and other information technology applications; digital media and other media except mass media; as well as activities directly or indirectly connected to these.

Among the programs that ICTV management plans to undertake are: providing telecommunications VAS through iDEN, CDMA, GSM and broadband networks worldwide; and entering the software development services industry by expanding the markets being served by proprietary enterprise solutions it has developed and will develop for inter-network deployment nationwide and worldwide. ICTV plans to develop and market worldwide mobile data applications that will run on different platforms. It also plans to develop and market digital media content.

Towards this directions, ICTV plans to acquire companies in the telecommunications, media and technology (TMT) space, in the Philippines and abroad, that have competitive business strategies, technology and market leadership but with high-value potential for short and long-term growth. It currently has an investment in a telecommunications company.

Established under the name MF Schroder & Co., Inc.

Business Line
Involved in securities brokerage activities, covering the sale, transfer or exchange of shares, stocks and bonds
Subsidiary

Advisor
SYCIP GORRES VELAYO & CO
IPO date
7/23/2003
US SIC Code
4899
Company Address
11th Floor, Multinational Bancorporation Centre
6805, Ayala Avenue
City province or state postal code
1226, MAKATI CITY
Phone: +63 28452133
Fax: +63 28452187
Country address: PHILIPPINES
Website url: www.cashrounds.com