CaribPR Wire

CariibPR Wire, London, Aug. 22, 2022: The world’s most definitive guide on citizenship by investment, the CBI Index, was published today by PWM Magazine, a publication from the Financial Times in collaboration with CS Global Partners and offers readers a view of an industry in metamorphosis.

Released amid a year that has, again, been marked by heightened uncertainty, increased security risk, political instability and intensifying calls to act on the global warming threat, the CBI Index comes at a time when most individuals are reassessing the base they call home and are looking for more stable environments that not only offer security but business, health and education opportunities for generations to come.

Despite a tumultuous global environment and an investment industry harrowed by scrutiny from the EU and USA, this year’s CBI Index hints at opportunity amidst the chaos – opportunity for the CBI industry to evolve and perhaps be the answer to those who look to it to harness the world’s offerings.

Often thought of as a Plan B, the CBI Index infers that in a post-pandemic reset, there has been a shift in trust away from government as individuals obtain second, or multiple citizenships, and take control of their destinies. The new global citizen will look to invest in ‘Plan A’ and a more positive future for people and planet.

While the CBI Index is a rating system designed to measure the performance and appeal of global citizenship by investment (CBI) programmes across a diverse range of indicators, it is also a voice for the industry and a forward-looking manual that offers readers a glimpse of what the industry could be provided that industry players come together and shape its regulatory environment to benefit not only host countries, but citizens around the world who have realised that home need not be their place of birth, but where opportunities lie.

This Index is intended as a practical tool, both for those who wish to compare CBI programmes as a whole and for those who wish to compare specific aspects of each programme.

Its purpose is to provide a rigorous and systematic mechanism for appraising programmes, to facilitate the decision-making process for individuals considering them, and to bring value to the CBI industry.

The CBI Index assesses all countries with operational CBI programmes, which, in 2022, include Antigua and Barbuda, Austria, Cambodia, Dominica, Egypt, Grenada, Jordan, Malta, Montenegro, St Kitts and Nevis, St Lucia, Turkey and Vanuatu.

The CBI Index rates CBI programmes according to these nine pillars: Freedom of Movement, Standard of Living, Minimum Investment Outlay, Mandatory Travel or Residence, Citizenship Timeline, Ease of Processing, Due Diligence, Family and Certainty of Product.

Freedom of Movement measures the relative strength of each country’s citizenship based on three equally weighted factors: the number of destinations to which a country’s passport allows travel without restriction, the number of prime business hubs to which it provides access, and the degree to which a given citizenship provides settlement rights in other nations.

The Standard of Living pillar is a measure of the quality of life offered by the 13 CBI jurisdictions under assessment and this pillar is vital to those who yearn to relocate and secure a prosperous and fulfilling lifestyle. Similarly, it is key to those wanting to take advantage of local business opportunities or needing to transfer and safeguard their assets.

The Minimum Investment Outlay pillar measures one of the most practical and foremost considerations of CBI – how much capital is required for the investor to become an eligible applicant for the programme of their choosing. The cost of applying for CBI increases with the number of dependants — or qualifying family members — included in an application. In some jurisdictions this increase is proportional, while in others the cost only increases following the inclusion of multiple dependants.

Mandatory Travel or Residence examines the travel or residence conditions imposed on applicants both before and after the granting of citizenship.

The Citizenship Timeline pillar looks at the average time taken for citizenship to be secured by the applicant.

The Ease of Processing pillar measures the end-to-end complexity of the CBI application process. In some jurisdictions, the application process can be a labour-intensive and painstaking task that is time-consuming for the applicant; in others, it is streamlined, and the applicant receives clear directives on how to proceed. The overall effortlessness of the application process is a particularly important component, and the promise of a smooth, hassle-free process can generate readiness to engage with a programme.

The Due Diligence pillar focuses on each nation’s commitment to ensuring that their programme remains transparent and effective at evaluating potential candidates for citizenship. It is therefore a measure of each programme’s integrity.

The Family pillar measures the extent to which investors can obtain citizenship for their immediate and extended family. The CBI Index recognises that the rise of increasingly complex family relationships is driving investors to seek programmes that allow for a more diverse range of family members to be included under a primary application.

Lastly, Certainty of Product encompasses a range of factors that measure a programme’s certainty across five different dimensions: longevity, popularity and renown, stability, reputation and adaptability. Additionally, it assesses a programme’s responsiveness to major global events, such as the Covid-19 pandemic and the war in Ukraine that have had a significant impact on global mobility and due diligence requirements.

As the CBI industry undergoes its own challenges and metamorphosis, the CBI Index gives worldly investors a reliable analysis of reputable programmes that will enable them to choose second citizenship in destinations that will fulfil their needs.

Download the full report here to see which of the thirteen countries took top spot and gain further insight into the CBI industry.

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Carib PR Wire, NEW YORK, NY, Mon. September 21, 2015: The French Caribbean island of Saint-Martin will put the spotlight on several tourism investment opportunities available on the island this week as the Government of the Collectivité of French Saint-Martin and The Office of Tourism of Saint-Martin gear up to host Invest Caribbean Now 2015.

“As President of the Office of Tourism of Saint- Martin, I will be showcasing infrastructural and other opportunities to interested investors,” said the Hon. Jeanne Rogers-Vanterpool, Présidente, Office de Tourisme de Saint-Martin. “As we gear up for the launch of our new Five Year Tourism Master Plan, we are excited to speak to investors about ideas and opportunities that are available.”

She added that among the major projects available are the expansion of the island’s port services and the Marigot Bay Development Project and other tourism related opportunities that fall within the Marigot Revitalisation project.

“Investment opportunities both inside and outside of these major projects include, among others, resorts,  hotels, marinas, conference facilities, theme parks, nature parks, shopping centres and shipping related activities,” President Rogers-Vanterpool added.

A delegation of over 40-Beijing companies including Showland Investment Group Corp. Ltd, Beijing; Bestone Investment Ltd.; Henan Yue Xin Co Nationwide Financial Services Inc., Beijing Century Tang Tourism Development Co., Ltd, China’s Low Carbon Tourism Promotion Committee, Beijing Four Seasons Travel Advisory Co., Ltd., China Women Tourism Committee, China Women Development Foundation and China News Agency will join other overseas delegates from China Harbour, Panorama Group and One Caribbean Television at the conference.

Speakers at the September 25^th formal summit will include Saint-Martin’s Vice President of Economic Development, Wendel Cocks; Saint-Martin’s Minister of Tourism and President of the Office of Tourism, Jeanne Rogers-Vanterpool; Qin, Guoying, Secretary-General of China Women’s Development Foundation,  Xiong, Yumei, Executive President of the China Women Tourism Committee; ICN founder Felicia J. Persaud, Zheng, Yaoxing, Dean Of The Tourism Department, Fujian Normal University and Strait Tourism College and Li Li,  the Executive Director Of The Sino-American Friendship Association.

Invest Caribbean Now 2015 – St. Martin is an invitation only event that will open on the evening of September 24^th with a cocktail, dinner and awards ceremony that will focus on the 2015 ICN Leadership Awardee.

Partners for this year’s event include the Government of the Collectivité of French Saint-Martin, The Office of Tourism of Saint-Martin, the  St-Martin Harbor, Hard Beat Communications, the Chinese-American Business Development Center, the Sino-American Friendship Association, One Caribbean Television, the St. Maarten Chinese Association, CaribPRWire and News Americas Now.

ABOUT SAINT MARTIN

The Collectivité of French Saint-Martin is located in the northeast Caribbean, approximately 300 km (190 mi) southeast of Puerto Rico and shares the 37 square mile island with Sint Maarten, a country within the Dutch Kingdom.  The Collectivité offers low rates of taxation for investors; exemption from property tax for five years for new commercial premises and reduced transfer tax on the acquisition of land for the purposes of priority activities.

ABOUT INVEST CARIBBEAN NOW

Invest Caribbean Now (ICN) is the definitive private sector investment agency of the Caribbean. It is based in America’s financial capital of the world, New York City. Now in its fifth year, ICN is the brainchild of Caribbean-born media entrepreneur, Felicia J. Persaud and is owned by Hard Beat Communications, Inc.

Invest Caribbean Now promotes and pushes for the right investment opportunities in the Caribbean region; offers a concierge service for high end investors seeking to make the right connection with key opportunities, governments and other parties in any Caribbean destination and connects small entrepreneurs in the Diaspora with SME micro loans.

For more see investcaribbeannow.com.

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CaribPR Wire, NEW YORK, NY, Tues. June 10, 2014: The prospects are good for Beijing and the Caribbean region to enhance cooperation in developing tourism and boosting their respective economic and social progress.

That’s the view from Dr. Ma Lin, Deputy Secretary-General of the Beijing Municipal Government, who brought welcoming remarks to delegates at Invest Caribbean Now 2014 and who was also part of the “Bejing-Caribbean Tourism And Investment Opportunity” panel at the summit on June 4^th in New York City.

Dr. Lin called for a deeper understanding of Beijing and the World Tourism Cities Federation (WTCF), so that they can “enhance exchanges and cooperation and promote common development.”

He noted that the rapid growth of outbound tourism from China has made it a rising industry. In 2013, the number of outbound tourists reached 93.4 million, spending 117.6 billion U.S. dollars overseas in total. It is expected that by 2020, the number of China’s outbound tourists will increase by over 200 million, offering huge potential.

“Therefore, there are good prospects for China and the Caribbean region, especially Beijing and the Caribbean region to enhance cooperation in developing tourism and boosting their respective economic and social progress.” Dr. Lin addressed the over 200 delegates gathered, who included several Caribbean ministers of governments as well as top US and Caribbean companies like Merrill Lynch, the World Bank Group, Goldman Sachs, OPIC,  Bright Capital, Aegis Capital, Medici Group, Adiuvo Partners LLP, The Lugano Group, The Woody Wilson Fine Clothing of Beverly Hills, Global Med Choices, American World Clinic; MPowered, Aspenall Energies,  Sandals Resorts International, DHL Caribbean, HBO Latin America, One Caribbean Television, First Citizens TT, InvesTT, interCaribbean Airways, Bright Capital and Sir Richard Branson’s, Carbon War Room.

Meanwhile, Mr. Cao, Pengcheng, Vice Chairman of the Beijing Municipal Commission of Tourism Development, urged Caribbean ministers of tourism and leaders to join the WTCF as a first step in order to enhance their brand promotion to Beijing and Chinese tourists.

He agreed with Dr. Lin that due to inconvenient transportation and lack of information exchanges, most citizens from Beijing are unaware of tourism in the Caribbean region, and only a small proportion of China’s outbound tourists visit the Caribbean region.

But he said that through closer collaboration and membership within the WTCF and promotion at the annual expo in Beijing in September, the Caribbean tourism destinations can help boost promotion for their tourism sectors and attract more tourists from Beijing and China.

At present, the Caribbean region accounts for only a small proportion of Chinese overseas visits, and no Caribbean cities or organizations have joined the WTCF.

The panel included Mr. Richard Nixon of  NATCOM International and past Chargé d’ Affaires at Embassy of Grenada to China, who urged the Caribbean region to do a better job of packaging its projects for promotion in China, and Li Li, managing director of the Chinese American Business Development Center, who reiterated that the first step towards any real tourism promotion in Beijing and China must be through membership in the WTCF which will enhance promotion on a global level.

The panel was moderated by Arthur Piccolo, chairman of the New Sports Group.

Invest Caribbean Now was founded in 2011 by Hard Beat Communications CMO, Felicia J. Persaud. The 2014 ICN summit was presented under the theme, “Advancing Wealth.”

ICN 2014 also hosted several panel discussions including ‘Global Trends & The Caribbean;’ ‘Introducing The New Trend In Tourism – Medical Tourism;’ ‘Introducing A New Trend In The Caribbean  – Clean Energy’, and the “Caribbean Diaspora as a source of investment.”

The first half of the event included remarks by Claire McLeveighn who brought greetings on behalf of New York State Governor, Andrew Cuomo; an opening address by ICN founder and chairman, Felicia J. Persaud; a keynote address by Harvard graduate Dr. Isaac J. Newton, of Paramount Communications Consultancy; an investment announcement on the Caribbean Market Village of  St. Lucia and a focus on ‘Advancing Wealth In The Caribbean With Technology,’ from Trinidad-born, LA resident, Anthony Wellington Phills, branding specialist of Disney’s ‘Million Dollar Arm’ and founder of Caribbean Commerce Magazine/Media, Calypso Cloud and Blinglet Inc.

See photos from the event here.

SOURCE: Invest Caribbean Now

MEDIA CONTACT:

Kathy Bronson

Communications Coordinator

Invest Caribbean Now

[email protected]

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TAMPA, Fla., May 8, 2013 /PRNewswire/ – The following statement is being issued by the United States Department of Justice:

Persons who lost money from investments in companies operated by David A. Smith, doing business as Overseas Locket International Corporation (”OLINT”), and related companies may be eligible to receive compensation from the United States Government.

Smith claimed that the companies were private investment clubs that purportedly traded in foreign currency on investors’ behalf. Smith made false and fraudulent statements indicating that members could expect high returns on their investment with low risk to principal. Rather than investing the funds as promised, Smith used them for personal gain and paid returns using new investors’ money, in a classic Ponzi scheme.

Smith was convicted in the U.S. District Court for the Middle District of Florida in September 2011 on multiple counts of wire fraud and money laundering, in the case of United States v. David A. Smith, No. 6:10-cr-232-35DAB (M.D. Fla.). As part of his criminal sentence, Smith was ordered to forfeit assets seized by federal authorities.

The forfeited funds will be returned to victims of the scheme through a process called Remission. To be considered for Remission, a Petition for Remission Form must be submitted to the Remission Administrator. A copy of the Petition Form can be obtained from the Remission Administrator’s website: www.gilardi.com/DSmithRemissionFund. The Petition Form must include evidence of relevant investments and returns, including copies of all required supporting documentation.

Persons needing assistance in completing the Petition Form or with questions about the Remission Fund may call 1-877-281-4446; or send an email to [email protected]; or visit the Remission website at www.gilardi.com/DSmithRemissionFund.

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                         Two-city tour showcases strong potential for job creation in tourism and design sectors

 PORT-AU-PRINCE, Haiti, Jan. 16, 2012 /PRNewswire/ — Internationally-acclaimed fashion designer Donna Karan accompanied Haitian Minister of the Interior, Thierry Mayard-Paul, as he visited the cities of Jeremiah and Jacmel during his “listening campaign.”

The visits, a continuation of the Minister’s tour of Haiti’s heartland, are aimed at advancing the government’s goals for building a sustainable economy through investments that support decentralization and drive job creation across all sectors, and throughout all the communities of Haiti.

Minister Mayard Paul and Ms. Karan met with Jacmel’s Tourism Minister Ms. Stephanie B. Villedrouin and visited several hotels and tourist sites damaged by the January 2010 earthquake, including the Hotel Florita, the Jacmelienne Hotel and other severely damaged structures along the coast of the Southeast.

According to the Minister, these structures hold investment opportunities for the region. “Prior to the earthquake, Jacmel was one of Haiti’s wealthiest cities, with considerable tourist assets,” said Mayard-Paul. “With its favorable location, it holds great potential for development and job creation for this region.”

In visiting the city of Jeremiah, Mayard-Paul solicited the needs of residents, and vowed to deliver on their requests for jobs through the ongoing efforts of the Martelly government to make Haiti a country favorable to business for national and international investors. To that end, the Minister of the Interior escorted Ms. Karan to an exhibition of local art and handicrafts on Jeremiah’s city square. In viewing the work of Haitian painters, sculptors and craft persons, Ms. Karan reiterated her passion for Haiti as a nation where “each person is creative” and promised to assist Haitian artisans in promoting their works. “Creativity can be manifested into jobs,” Ms. Karan said, an ardent supporter of Haiti through her company Urban Zen. “The craftwork of Haiti is a model for job creation and education in Haiti. The best investment in Haiti is in her people. Their desire to work says much about their spirit, soul and pride.”

Mayard-Paul also visited Jeremiah’s police station, addressing requests for the redevelopment of the premises, and reassuring authorities that the government is working towards long-term, sustainable solutions. “President Martelly and his administration are implementing every measure to achieve concrete and positive changes,” said Mayard-Paul. “Collaboration and cooperation aimed at attracting local and international investment projects will help us achieve our vision for creating sustainable development for Haiti.”

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CaribPR Wire, NEW YORK, NY, Fri. June 10, 2011: The Caribbean is being urged to compete for the global “wallet share” and step up the promotion of “its investment story.”

That’s the advice from W. Dave Dowrich, vice president of investment at Goldman Sachs and the keynote speaker at the inaugural Invest Caribbean Power Forum, convened by digital media solutions company, Hard Beat Communications and the Caribbean Tourism Organization in New York City on Thursday, June 9, 2011.

Dowrich, addressing a packed room at the New York Marriot Marquis Hotel in Times Square, insisted that the Caribbean’s investment “product” stacks up against most other regions of the world, including the BRICS (Brazil, Russia, India and China) on several fronts, such as political stability, accessibility and ease of doing business.

But “where we fall down is in selling and telling our investment story, i.e. the ‘Promotion – P’ of the principles of marketing,” he said of the CARICOM region, whose combined Gross Domestic Product is put at US$90 billion.

Comparing the Caribbean to private companies going public and the need to ensure that their story continues being told to their existing and future investor base, Dowrich said the Caribbean and its leaders must see investment in a similar vein.

“We therefore need to be sure that at every opportunity, our story is told on a consistent basis and told by credible and trust worthy folks such as our senior ministers, and then reinforced by our teams on the ground, who can ‘talk the talk’ of those that need to hear it,” he said.

Dowrich was one of four speakers who addressed the event yesterday. Others included Minister of Business Development & Tourism of Bermuda, Patrice Kimberly Minors; Martin Mohabeer, the Guyana-born Managing Director of Spackman Group and CEO of Spackman Capital and David Brillembourg, CEO of the Brilla Group.

Minors for her part insisted that Bermuda remains open to doing business while Brillembourg advised that attention be turned to Latin American pension funds as potential investors in the Caribbean region.

Mohabeer announced the SEAF Caribbean Growth Fund, insisting that the Caribbean small business market is “tremendously underserved.”

“With this fund we hope to change that,” said Mohabeer, while adding that the fund will make investments in small to middle enterprise firms specializing in IT, media and technology and construction among other sectors.

Among the over 120 attendees at the event were several money managers from the New York’s investment community as well as top tourism officials from the Caribbean including the Hon. Chairman of the Caribbean Tourism Organization and Minister of Tourism and International Travel for St. Kitts/Nevis, Ricky Skerritt; Hon. Richard Sealy, Minister of Tourism, Barbados; Hon. Ed Bartlett, Minister of Tourism, Jamaica; Commissioner of Tourism of St. Eustacius, Clyde Van Putten; Secretary General of the Caribbean Tourism Organization, Hugh Riley; Sylma Brown Bramble, director of CTO North America; Alec Sanguinetti, Director General of the Caribbean Hotel and Tourism Association, Josef Forstmayr, President, Caribbean Hotel and Tourism Association, and other top CTO officials as well as  Caribbean directors of tourism.

“This event surpassed our expectation,” said Felicia Persaud, CEO of Hard Beat Communications, which conceptualized and co-presented the event with the CTO. “We look forward to making this an annual part of Caribbean Week in New York.”

“The Caribbean Tourism Organization was proud to team up with Hard Beat to present this event, since in these tough economic times, investment in the Caribbean is critical and the CTO believes strongly in continuing to boost the tourism sector of this vibrant region by presenting investment opportunities for its members,” commented Brown-Bramble.

The Bermuda Department of Tourism and the Pennsylvania-based WSEE TV and OneCaribbeanWeather.com, both part of Lilly Broadcasting Corporation, were the official sponsors of the ‘Invest Caribbean Power Breakfast.’

Additional sponsors included the PR Newswire, CaribPR Wire, The Bahamas Weekly, News Americas Now and the Caribbean American Chamber of Industry and Commerce.

ABOUT HARD BEAT COMMUNICATIONS

Hard Beat Communications brands itself as a Digital Media Solutions Company. The company does this through its Digital Content Creation and Dissemination and syndicated digital newswire – New Americas Now, formerly CaribWorldNews, its CaribPR wire release dissemination section, part of the PR Newswire; its Media Buying and Event Promotions arm and its New Media Solutions department.

ABOUT THE CTO

The Caribbean Tourism Organization exists to increase significantly the inclusion of the Caribbean region in the set of destinations being considered by travelers. The CTO, with headquarters in Barbados, comprises 32 member countries, including English, French, Spanish and Dutch countries and territories, as well as private sector allied members. Every year, the CTO presents “Caribbean Week In New York,” which Caribbean Week in New York is a celebration of the sights, sounds, colors, culture and unique vacation attributes of the Caribbean.

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Carib PR Newswire, NEW YORK, NY, May 27, 2011: Entrepreneurs looking to meet investors or do business in the Caribbean have just days left to book their spot for the Investing in Paradise power forum.

Invest Caribbean 2011 is set for June 9^th from 7:30 to 9:30 a.m. at the New York Marriott Marquis Hotel in New York City and tickets are going fast for business owners seeking to network with Martin Mohabeer, the Guyana-born Managing Director of Spackman Group and CEO of Spackman Capital; W. Dave Dowrich, Vice President at Goldman Sachs, and David Brillembourg, CEO of the Brilla Group.

Additionally, the event is also slated to feature New York City comptroller John Liu, who helps manage $646 million in pension funds for New York City; Brian Lilly, CEO of Lilly Broadcasting; Chairman of the Caribbean Tourism Organization and St. Kitts/Nevis minister of tourism, Ricky Skerritt and several Caribbean tourism ministers of government, commissioners and directors of tourism as well as officials of the Caribbean Tourism Organization, including Secretary General Hugh Riley and others from the business, travel and investment community.

The Investing In Paradise event is presented by digital media company, Hard Beat Communications and the Caribbean Tourism Organization in Caribbean Week.

The Hard Beat/CTO forum will be moderated by Professor Temisan Agbeyegbe, professor of Economics at Hunter College and Graduate Center, City University of New York and a research associate with The Caribbean Center for Monetary Studies, The University of The West Indies, St. Augustine, Trinidad and Tobago.

The Pennsylvania-based WSEE TV and OneCaribbeanWeather.com, both part of Lilly Broadcasting Corporation, and the Puerto Rico Tourism Company, are the official sponsors of the ‘Invest Caribbean Power Breakfast.’

Additional sponsors include the PR Newswire, CaribPR Wire, The Bahamas Weekly, News Americas Now and the Caribbean American Chamber of Industry and Commerce.

Register at http://events.constantcontact.com/register/event?llr=7phqhyn6&oeidk=a07e3p448ple41d4ad3. or for more information log on http://investcaribbeannow.com/.

 

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Carib PR Newswire, NEW YORK, NY, May 13, 2011: Meteorologist Joey Stevens and his parrot have become the most famous weather forecasters in the Caribbean on OneCaribbeanWeather.com and WSEE TV, the CBS affiliate of the Caribbean region.

It is little wonder then why the Caribbean’s most famous weather channel, with some four million viewers daily in over 25 countries – from Antigua to Puerto Rico, has joined forces with the organizers of Invest Caribbean 2011, to present the inaugural investment power forum.

The Pennsylvania-based WSEE TV and OneCaribbeanWeather.com, both part of Lilly Broadcasting Corporation, is an official sponsor of the Hard Beat Communications and Caribbean Tourism Organization’s ‘Invest Caribbean Power Breakfast,’ set for June 9^th from 7:30 to 9:30 a.m. at the New York Marriott Marquis Hotel in New York City.

Lilly Broadcasting operates a number of enterprises worldwide including 24-hour weather broadcasting in the Caribbean.

The event is being billed as a high powered networking event and not a talk shop and will include Vice President at Goldman Sachs, W. Dave Dowrich, David Brillembourg, CEO of the Brilla Group and several Caribbean ministers of government.

 

“The Caribbean Tourism Organization is proud to team up with Hard Beat and the Caribbean American Chamber of Industry and Commerce to present this event since in these tough economic times, investment in the Caribbean and Latin America is critical and the CTO believes strongly in continuing to boost the tourism sector of this vibrant region by presenting investment opportunities for its members,” said Sylma Brown Bramble, director of CTO-USA Inc.

“We’re very proud to team up with a company that’s already investing in the Caribbean and sees the bright future the region holds,” said Hard Beat Communications CEO, Felicia Persaud of the WSEE TV and the One Caribbean Weather partnership. “Anyone serious about doing business in this region or networking with potential investors should book one of a few spots today.”

Additional sponsors include the PR Newswire, CaribPR Wire, The Bahamas Weekly, and News Americas Now.

For additional sponsorship opportunities log on to: http://investcaribbeannow.com/ or for individual tickets register at http://events.constantcontact.com/register/event?llr=7phqhyn6&oeidk=a07e3p448ple41d4ad3

 

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