Update from Corporate Marketing Team

                                                             

21/11/2012

Dear SpeakAsians,

 A few pages such as speakasia online support are fraudulently claiming to be the official company pages in the social networking sites such as Facebook. We would like to state that the company has only one official medium of communication that is Speakasiaonlinemarketing.blogspot.com. Anybody else claiming to represent the company is doing so falsely and the company is initiating strict legal action against such websites & social networking sites. 
On the payout front, the company had sent out the first set of test remittances to the bank accounts of some of the panelists. The company at the moment is collating the data as to who all have received it and for those who didn't get it, the company is identifying the cause and finding remedial solutions for it. Once this exercise is complete the company will then start the payout process in full swing.

Warm Regards,
SpeakAsia Corporate Marketing Team

Processing of the Exit Option

                                                         

05/10/2012

Dear SpeakAsians,

As per the recent Order passed by the Hon’ble Supreme Court, the mediation proceedings have come to an end. However, SpeakAsia continues to stand by its commitment for releasing the payment to its panelists. It is therefore putting in motion the execution of its exit policy and as an initial step, SpeakAsia will be executing the payouts for a test batch of panelists.

This exercise should take a couple of weeks as confirmation e-mails would be sent first to those panelists and then the amounts would be transferred upon receipt of confirmation. After successful execution of the test batch, we will initiate the rest of the payout based on the data available with us as per the exit option. Should we face any difficulties in executing the payouts, we will then approach the concerned authorities to seek remedial solutions. We will also keep all of you posted on the developments as it happens.

We thank you for the patience shown till date and request you to kindly bear with us as we execute this new effort of ours.


Warm Regards,
SpeakAsia Corporate Marketing Team

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 

Update from Corporate Marketing Team

                                                       

Dear SpeakAsians,

This is a clarification for all the members of the SpeakAsia Family in Bangladesh.

It has been reported in a couple of blog sites that two companies namely Reliance E-Biz Ltd and E-Haatbazaar (website www.e-haatbazaar.com ) are claiming to be associated with SpeakAsia Online Pte Ltd. And that the existing RP of the members will adjusted by these two new companies.

We wish to categorically state that SpeakAsia Online Pte Ltd. has no connection with the above mentioned entities in any manner whatsoever. Furthermore the company has not authorized any of the above mentioned organization to redeem or consume the RP earned by the members in SAOL.

For any official communication or update from the management, please follow our official blog site speakasiaonline.marketing.blogspot.com

Warm Regards,

SpeakAsia Corporate Marketing Team

Update from Corporate Marketing Team

                                                          

                                                                                                   

Dear SpeakAsians,

On the application of SpeakAsia, the Honorable Bombay High Court has instructed to The Reserve Bank of India to study the business model of SpeakAsia and give its opinion in 8 weeks time.

We hope that this be a step towards resuming our operations at the earliest. 

Warm Regards,

SpeakAsia Corporate Marketing Team