Update from Corporate Marketing Team

                           

                                                                 

Dear SpeakAsians,

 
In furtherance to our earlier communication and also to bring more clarity to the subject please find below the course of action as being decided by the company:-

1) Whilst waiting for the Order passed by the Hon’ble Supreme Court to be made available to us, we would like to repeat and reiterate that payments to panelists opting out under the EXIT option remain the utmost priority for the Company.
 
2) At this stage, particularly since mediation process could not be completed, the Company would now take necessary legal steps to remit the payments to the panelists directly.
 

3) The Company is also in the process of approaching concerned Government authorities for seeking possession of the Panelist database in order to authenticate the information.

4) The Company would also approach the banks and RBI for the purpose of remittance of payments. An ascertainment date about disbursement will be provided once above formalities are done with.

5) In the meantime, the Company would also await Speaking Order from RBI which has to be passed by RBI by September 27, 2012 as per the Order of Bombay High Court and take appropriate steps as per the same.

The company has been fighting its battle for survival for more than a year’s period and at this stage, your cooperation and patience     in this battle is highly appreciated. We would urge the same deliberation from all of you for times to come.

 With all the efforts in line we are bound to overcome the difficult times.

Warm Regards,

SpeakAsia Corporate Marketing Team

Update from Corporate Marketing Team

                         

                                                                   






Dear SpeakAsians,

 
This is in reference to the withdrawal of the writ petition 383 by Mr. Soloman James against SpeakAsia Online Pte Ltd.. While our department for corporate affairs analyzes these latest developments, we would like to assure all our panelist in India that the company remains committed to solving this impasse and is very keen to re-start the business at the earliest opportune moment

The company assures full cooperation with any agency or authority that has the jurisdiction on this situation and wishes to fulfill its commitment to refunding the subscription amounts to all those who have opted for the exit option of the company

We once again thank you all for your patience and support and assure you that we will leave no stone unturned in our effort to solve the current situation.

Warm Regards,

SpeakAsia Corporate Marketing Team

Update from Corporate Marketing Team

  12/09/2012

  Dear SpeakAsians,

This is further to our last update regarding a company namely Reliance E-Biz Ltd and its website ehaatbazaar.com.

We have repeatedly appealed to this company and to its website not to commit fraud or mislead & misguide the SpeakAsia family members in Bangladesh by claiming that they are the new entity of SAOL in Bangladesh.  As Reliance E-Biz Ltd and ehaatbazaar.com.  Continues to carry on with its fraudulent ways, SAOL has decided to initiate legal proceedings against them. Please find attached a copy of the lawyers notice sent to them by our corporate legal counsels.

We also take this opportunity to assure all the members of the Speakasia Family in Bangladesh that the company will formally and officially launch its operations in the country once it has received all its clearances to do business in the country.

Warm Regards,

SpeakAsia Corporate Marketing Team