SAOL updates-31/05/11


Dear Speakasians,
We are very happy to announce the distribution of all the rewards achieved by Speak Asians under various reward programmes. The process for same shall be as per the schedule given below:

Provogue Gift Voucher's: Provouge Gift Vouchers for the reward program Direct'ly on the TOP ( worth Rs. 10,000 ) are being sent to the HVP Distributors who will help in distributing these Gift vouchers Area Wise. The list of achievers will be displayed on the site along with detail of the distributor from whom they are supposed to collect the vouchers. All achievers are expected to contact and collect their gift Vouchers from the respective Distributor in their area. These vouchers then can be redeemed at the nearest Provouge store. (Click here to download the list of stores where the gift vouchers can be redeemed)

TVC Gift Article: Majority of panellists have already received their gifts . Many panellists have not confirmed the new gift which has to be replaced due to non availability of the originally ordered gift. The delivery of the same shall begin from 3rd of June 2011. The gifts are being door delivered at the addresses given by you in your SAOL profile. In case of any non receipt kindly feel free to call up the TVC help line no. given on their website : www.tvcskyshop.com

Lenovo Laptop: The vouchers will be sent to all winner who will collect the Laptops from delivery points of Lenovo from 20th June onwards. The details of the delivery points will be communicated shortly.

Singapore Trip: The Trip has been planned in the First week of July. All the qualified panelists shall shortly receive a mail on their email id's as given on the SAOL profile. This mail shall have details of the documents to be submitted and the address. There after all interested panelist shall have to be prepared to send the passport to the travel agent by 15th June. This will help to obtain the VISA by 30th June 2011. Likely date of travel is 7th July 2011.

Mobile Phone: Google Android based touch screen smart phones shall start reaching the panellists from 3rd week of June. Kindly be informed that there are more than 50,000 phone to be distributed hence it is a time and effort consuming process. 4500 phones shall be door delivered on a weekly basis to assure completion . The panellists shall receive it in the order of qualification from the start date of reward programme.

TV Sets: As committed, the order for the TV sets have been placed. There is good news and we are sure the panellists are sure to appreciate that instead of 32" LCD TV the paneliests will receive 32" LED TV and the Distribution of TV sets will begin in the first week of July.

Cars: The car achievers are requested to forward the details of the nearest car distributors of the category achieved via their area managers.

Please note that the 'Send Me Cash' requests made during the period 13th May 2011 – till date have been reverted and added back to the Ewallet or Survey Ewallet of the ID .

Team SpeakAsia

RBI flashes red signal to MLM


The operations of shady multi-level marketing (MLM) companies — which operate what are popularly known as pyramid or ponzi schemes — have come under the regulatory scanner with shady MLM companies mushrooming across the country and duping investors. Many firms posing as MLM agencies for consumer goods and services have been actually mobilising large amounts of deposits from the public with promises of ridiculous returns of 120 per cent and repayment of prinicipal within a year.


In a circular, the Reserve Bank of India has alerted banks that in cases where accounts have already been opened in the names of the marketing agencies, retail traders and investment firms, the banks should undertake quick reviews. “Wherever large number of cheque books has been issued to such firms, the relative decision may be reviewed,” it said.


With many MLM companies recently using the banking technology to dupe investors, the RBI said, “banks should be careful in opening accounts of the marketing/trading agencies etc. Especially, strict compliance with KYC (know your customer) and AML (anti-money laundering) guidelines issued by the RBI should be ensured in the matter.”


The banking regulator also named seven MLM companies (Fine India Sales Pvt Ltd, Lakshya Levels Marketing, Eve Industries, Trident Advertising & Trade Links Pvt. Ltd, Super Life Link Distributors, Lue Brain Education Society and Manya Mantra Marketing). “These firms and their agents had reportedly promised very high returns on deposits and lured common people to part with funds in the name of certain investment/deposit schemes,” the RBI said.

Facility to payment request will remain disable till next week.


We are in process of updating the panel of bank profile update to enable us to receive all the correct entries. This will help us to process the payment request error-free and also to pay the respective amount without any delay. There is lot of payment requests where the entries are either incomplete or incorrect. For examples a) Bank names for say “State Bank of India” has been written in more than 50 types. b) IFSC code has more than 11digits value. c) Account numbers are not key in properly. d) Branch names are written with all the non-required details. To correct all the details to meet the specific format for fund transfers consumes much time. Even if we work on every entry, it is next to impossible to correct or mend every detail. Request your support to make this process error free, hassle free and time bound to serve you better.

SPEAKASIA'S CEO SAID TODAY

 Balance $482 Million UOB Bank, Rs.4800 Cr. Liquid and Assets of Speak Asia Pte. Ltd. Message from Co. : I can pay you survey income upto 2 years without new joining 2. $280 million will shift to an others banks and rest balance $200 million will be in the UOB bank. (it will handle the traffic of Tele Transfer income to India) 3. Last 4 lac panelist will get benefit first who joined our community that moment whenever all situations were against us. 4. E-Shopping going to start very Soon. 5. We have got already $10 million as Advance from clubbed companies 6. Launching Mobile telephony with British based co.(Very Soon) 7. From MONDAY 30.05.2011 every panelist will get breaking news messages regularly from the SPEAK ASIA 8. Speak Asia file a case of defamation Against Media News Channel of Rs. 3320 cr. Which Speak Asia is ready to deposit 10% of Claim(Rs. 320 Cr.) 9. Advertisements Survey is going to start in coming few days. Proud to be A Speak Asian

letter from Ms. Harendar Kaur

Dear Fellow Speakasians,

Together we have worked very hard, night and day, to build a Brand, which has positively transformed the lives, of Lakhs of families across India in less than ONE year. There are so many heart-warming stories of personal triumphs and financial successes amongst the 19 lakh panellist community all across India already and we are poised to take the Brand into its India based operations phase.

This was achieved by our investments in IT systems/Infrastructure along with the pride and passion of Panellists and our Sales and Support staffs in India and Singapore, who are inspired with the Big Vision of creating a Global online business model FROM India and very soon becoming Asia's largest sovereign panellist community of empowered consumers.

The vicious media disinformation campaign, prompted by business rivalry, started at the closure of the successful and unique GenX Bazaar, on 11 May 2011.

We responded by proactively reaching out to the various Indian Govt. authorities, including the PMO on 15 May 2011 by email, requesting a thorough investigation into our business. This is to satisfy the authorities that the company was properly looking after the interests of all SpeakAsians, be it our Panellists or hardworking staff in the field. Our proactive action, is keeping in mind YOUR business interests, forever in the days ahead.

It has been brought to our notice, by our banking contacts, that despite the fact that authorities, have not replied to us formally or responded to our emails/letters of 15th till date, unfortunately, some Banks have temporarily frozen accounts of our India based agents.

Due to the media noise, on 25 May'11, UOB Bank at Singapore has also pressed us, for closure of our 2 Bank accounts within 2 days, without giving us the chance to present our case or even listen to us. Please note, in order to set up a seamless International Banking Gateway like the one at UOB Bank, takes at least 6 to 8 weeks of interbank and managed IT infrastructure coordination and implementation.

IMPACT:

All the payments processed by Speakasiaonline between 13 to 20 May 2011, have been held up because the TT's have not been sent from Singapore to India, by the UOB Bank. On enquiring urgently, they provided us with a closure letter dated 25 May 2011.

Please be assured, that the Account Balance at Speakasia's UOB Bank accounts, is for and behalf of our Panellist, Vendors and Staff.

Whilst ALL the payments due to our Panellist community, is banked at UOB Singapore, nevertheless we have also urgently requested the UOB Bank and our law firm, to move the UOB Bank balance on the closure date, into a new Bank account or a Client Escrow account, to be held on behalf of the Panellists, Staff and Vendors of Speakasia ;

An Escrow account would ensure certainty along-with the law firm's supervision that the panellist money is kept for your benefit and stand the scrutiny of any authorities.

(An Escrow account is an arrangement where an independent trusted third-party (bank) receives and disburses money and/or documents for two or more transacting parties, with the timing of such disbursement by the third-party dependent on the performance by the parties of agreed-upon contractual provisions)

Due to these banking account related actions we have been FORCED to temporarily delay our normally prompt payout cycle, pending set up of new banking operations and clearance from the authorities.

NEXT STEPS:

We are moving to the Supreme Court against the govt. Authorities and concerned Banks, for taking this SUO MOTO (without asking for clarification) action, without paying any attention to the interests of our Panellists, Vendors and Staff and their families;

We are prepared with all records, for submission to the authorities, if and when they communicate their requirements to us. Also we have written to them asking for an appointment to explain our case.

This has been a most disrupting experience for us ALL and we are MOST concerned about the disruption to your bank accounts and/or finances, that these actions prompted by the malicious media activity, thereby forcing the authorities have caused to us.

We will update you with progress daily, through our website, our staff and Helpline. Please DO NOT pay attention to any other sources of Dis – information, which are designed to mislead and upset you and your families.

We request all the panellists; to be with the company and have faith during these troubled times. We reiterate, that when the company had proactively gone ahead in order to submit the facts in front of the Govt. of India and authorities, then all the false allegations raised against us by various agencies, some of whom are competing unfairly with us, should not be allowed to prevail.

As already committed by the untiring management team in India, in the press conference of 15th May 2011, we have initiated the setting up our PE (Permanent Establishment) through a Branch office in India, so that the wrong allegations about our being suspect because of our Singapore origin, will be silenced once and for all time to come.

The entire company and its management is HERE TO STAY and are fighting, for our Panellists, Staff and Vendors and their families.

We are sure to win this battle together!!.

We understand that there is an online petition at the URL:

http://tinyurl.com/speakpetition

We request EVERYONE connected with Speakasia to sign the online petition and appeal for once and for all time clarity from the authorities.

Ms. Harendar Kaur
Chairperson & C.E.O

Speak Asia talks of exit option to subscribers

 Speak Asia, the survey-driven website, in the news for taking a hefty entry fee from people with the promise of it being a very good investment, appears to be retreating under the scrutiny.

It charges Rs 11,000 as an enrollment fee, with a promise that this money can be more than recouped by responding to their surveys, each response getting you money.People who have put in money under the impression that they are paying to participate in lucrative surveys may be allowed an exit option to redeem their investment, their legal adviser said here on Friday.

“The main product of the company is the internet magazine. People paying money are buying the subscription of the magazine. I agree some people have been misguided. I will recommend the company to give these people an exit option,” Ashok M Saraogi, the adviser, said at a press conference.

“Even I don’t want people to lose money. If they are a genuine company, they will go by my advice. I am sure they will agree to my recommendations.”

He expected the company to come up with these announcements within a week. According to him, the fee-based surveys, which the company has been marketing as a lucrative work-from-home opportunity, are only additional benefits offered to the subscribers of the magazine. “There is nothing illegal. There is no restriction on an internet business from operating out of a foreign country,” he said.

Speak Asia is not registered with any regulatory authority of India. Critics say the company has been smartly structured to exploit the gaps in various financial sector regulations in the country. There are at least seven financial sector regulators in the country at the last count, but none of these appears to have any jurisdiction over subscriptions received by an online media company, which offers survey as an additional benefit, say legal experts.

What could put Speak Asia in trouble is the apparent intention. Said Saurabh Agarwal, director, Kennis Group, a financial consultancy. “If you are running an online survey business, there is no problem with that. But when you link it with payment of a fee, which is not small, the intention does not seem good”.

“Typically, in these schemes, they will stop paying on one pretext or the other. Having paid the money upfront, the subscriber is left with little choice,” he added.

Neither the company website nor its advertisement campaigns projects Speak Asia’s interests in online publishing. All along, it has marketed itself as an “earn from home” online survey company.

The company’s financial transactions involve a series of transfers through a complex web of holding companies and subsidiaries, according to experts. While money has been collected in the name of Speak Asia Singapore Pte Ltd, payments received by the company’s customers are from other group companies like Haren Ventures, etc.

The company’s website does not give any detail about its associate companies or subsidiaries. Saraogi said disclosures to this effect will be made on the website soon. “We would have made fund transfers to some associate companies. These cannot be termed as siphoning. These are transactions which every company does for accounting reasons,” he said.

Saraogi said the company operated through accounts with ICICI Bank and ING Vysya Bank in India.

Investor forums have asked agencies like Reserve Bank of India, Securities and Exchange Board of India and other regulatory agencies to inquire into the remittances made by the company, including the role of banks.

about Tarak Bajpai

Before joining SpeakAsia Mr Bajpai was associated with Aviation Industry. He worked with Genesis Aviation as a Director. The company deals with Pilot Training & Aviation Accessory Support Solution.
He was working out of his hometown Indore itself.
As said above, Mr Bajpai belongs to Indore. He did his schooling from St. Pauls High School
and then  moved on to Holkar Davv for his college.
Later on Mr Bajpai married a punjabi gal called Swarna Walia. Mr and Mrs Bajpai both are devotees of Shirdi Sai Baba.

FLC Legal Document


FLC advertisement -The Concept


With the era of globalized notion, FLC online India has initiated the concept of a special segment for Market research. We specialize in providing the best services for every aspect that is required to have a feel of perfect market for a business in any streamline. With the rising graph of success and years of experience, we have now become a leading firm for market research.

We offer online market research and online market advertisement that is best in all regards. We include all the details related to market differentiation, market segmentation and so on. As far as cost is concerned we are very much cost effective. The division of amount is on the completion of advertisement being done. The referral programs being conducted are distinguished on the ground of incentive referral and direct referral. Therefore the incentives vary accordingly as per the program being selected.

For a smart earning you can definitely join FLC online!!!
This is systematized approach of earning and also the performance can really make a difference in the scale of your income. Today all MNC’s are looking forward for the approach of true feedback that is difficult without the apt market research advertisement. With the services of online market research services, the advertisements being conducted can be of real worth for expanding profits and increasing the success level. Market research advertisements give an overview of consumer’s preferences; this indeed is beneficial for finding the potential consumers. Even this gives a base or tells on the certain things that can be improved.

Our services attract for the online ventures. This is how we are able to pave the continuous aspects of growth and success. If you are also interested in the online paid advertisement for market research then we can be the best and only destination for you.

FLC Advertisements

How does FLC Advertisement Regular Income Work ?

Advertisement Plan for public with Multi Level income system, including Regular Income, Binary Income, and Referral Income, there is no any restriction or any member that he / she do level business, without it only investing money can give him advertisement income, if he do MLM then he will get extra money.

 

Step 1: Advertisement Income  

By joining 130 market point=6500/- only

you will get 20 market point per week till 52 weeks.


Step 2: (1:1) Binary Income

You will get Binary Income or per pair- 10 market points

Binary Level - Maximum (200 Pairs) Weekly.
1 Unit = 10 market points = 1 pair
Maximum 30 Pairs Daily.
 

Step 3: Direct Income

You will get Direct Income or on referral ID = 10 market points per Id


Step 4: Team Bonus

The Team Bonus income is based on the Referral Points generated through the induction of panelist in each Team. An incentive of 2 market points is released whenever you have 2 market points in the left team and 2 market points in the right team, which is also known as one pair.



Speak Asia can withdraw surveys anytime, says its legal advisor


Senior lawyer Ashok Saraogi has said that since Speak Asia is offering reward points for filling up surveys as an additional benefit, it can withdraw these if its contracts with its clients ends. Notably, not a single official from Speak Asia was present during the press conference called by its legal advisor in Mumbai


Speak Asia (SpeakAsiaonline.com) may stop sending surveys and thus paying money through reward points to its panellists anytime and whenever it feels so. 


Mumbai-based senior advocate and Speak Asia's legal advisor Ashok Saraogi, said, "The company is not selling any surveys to panellists but e-zines to its subscribers. Surveys are offered as additional benefit and can be withdrawn anytime if the company's contract with clients comes to an end."


Speaking at a press conference today in Mumbai, Adv Saraogi claimed that Speak Asia is selling its magazine over the Internet, which is allowed under the existing law in India and the company is in the publication business. For the survey business, the company caters to around 50-60 clients, he claimed, without giving out any names. Although Adv Saraogi said that he is a legal advisor for Speak Asia, not a single official from the company was present at the press conference.


There are some news reports about the ownership of Speak Asia which claim that the company is owned by Podium Ring International, a Virgin Islands registered entity and not by Harinder Kaur aka Haren as she is known to all the panellists. Denying the media report, Adv Saraogi said, "Mr Haren and his wife own majority stake in Speak Asia. Its chief executive for India, Manoj Kumar, also holds some stake in the company."


When asked about the bankers of Speak Asia or the lenders used by the company for banking, Adv Saraogi said the company has accounts with ICICI Bank and ING Vysya Bank. However, he could not tell under which names the accounts are opened. Since Speak Asia is not registered nor has any know your customer (KYC) compliance; no bank would open an account using the company's name.


According to Moneylife's investigations, Speak India Network Marketing P Ltd, a registered entity in Mumbai, with Indian directors and Speak India Online, are collecting money from survey panellists and have accounts in ICICI Bank, ING Vysya Bank, State Bank of India and a dozen others. (Read more: The Speak Asia money trail ).


All the people who have enrolled with Speak Asia believe and have been claiming that they are getting money for filing out surveys. Some even said that they have not even heard about the e-zine, for which the company collects Rs11,000. Even the website of the company, the only place where it exists besides Singapore, says it is Asia's largest online survey company.


Adv Saraogi, however, says that the company's main product is the e-zine and survey and other activities are "side-products." Asked why then the company's site shows only the survey as the product, Adv Saraogi said, "Jismein jyaada paisa milta hai wohi dikhate hain (We display the products which gives us more money). Any company would like to show its best selling product and hence Speak Asia site shows surveys." 


At present, Speak Asia does not offer any refund in case of cancellation of subscription, but Adv Saraogi said he would tell Speak Asia within a week, to allow discontinuation of subscription. 


We learn from our investigations and this has been confirmed by Speak Asia officials, that the company is not registered in India and does not have any establishment or office in the country. 


This makes it difficult to start proceedings against it, in case somebody wants to file a case. It becomes difficult to file a case in any police station as the company does not have any address in India and hence the police might refuse to lodge a complaint. According to Adv Saraogi, in such cases, one can file a case from whatever location he or she is present and has accessed the website. Police can register a complaint based on the IP address location, he said. 


Adv Saraogi added that he would suggest to Mr Haren and his wife, the majority owners of Speak Asia Online Pte Ltd, to set up a permanent establishment in India. 


Speak Asia, which claims to sell subscriptions for an e-zine called 'Surveys Today', issues electronic payment receipts. Adv Saraogi said that the receipts should be issued in the parent company's name. However, when pointed out that Speak Asia has been issuing payment receipts under different names, like Online Surveys Today, Haren Ventures Pte Ltd (HVP), the legal advisor said, people use names of subordinates or subsidiaries to lower tax burdens. 


He even cited an example saying that he may ask his client to issue payment in his 
subordinate's name, in case he owes some dues to his junior to lessen his own tax burden.   


According to media reports, the Ministry of Corporate Affairs (MCA) has started an investigation into Speak Asia and is working together with the RBI and the Securities and Exchange Board of India (SEBI). Similarly, Bharatiya Janata Party's national secretary, Kirit Somaiyaa, has filed a case against Speak Asia with the Economics Offences Wing (EoW), in Mumbai.


However, Adv Saraogi claimed that as per his knowledge, there is no case registered against Speak Asia anywhere in the country and they have not received any intimation either from EoW or any other authorities.


Mumbai-based Adv Saraogi is a senior lawyer famous for handling mostly criminal cases. He had defended extradited gangster Abu Salem in the 1993 serial blasts trial a few years ago. After the 26/11 attacks in Mumbai, he had even shown his willingness to defend one of the terrorists, Amir Ajmal Qasab, but later dropped the plan after agitations by the Shiv Sena. Last year, he had won a case against Sanjay Dutt over a financial row with producer Shakeel Noorani, which resulted in the attachment of the film star's house and office in Bandra. 


In other case, Adv Saraogi also helped yesteryear's film star Manoj Kumar to remove a scene from 'Om Shanti Om' which the thespian had objected to. Shah Rukh Khan, producer of the film, complied. 

RBI clearance to SpeakAsia

RBI has finally cleared and approved the Business Model of SpeakAsia.
SpeakAsia has won fight over media,RBI along with SEBI, PMO and Ministry of Commerce.Official announcement  will be made on Monday.

19/05/11

Dear Speak Asian,
There are rumours going around being propagated by vested interest in Media about Speak Asia regarding the summons to CEO India – Mr Manoj Kumar and other key team members. Kindly note that these are totally baseless and unfound. We in fact wish to share with all Speak Asians that we have ourselves approached the concerned authorities for an audience to clarify our business model and dispel their doubts. We hope that the media behaves more responsibly and stops immediately such a negative and malicious campaign against the company and its people. As you all know, Mr. Manoj Kumar has just taken over ( on 15th May, 2011 ) as the CEO - India, kudos to him for leading from the front and taking on the media onslaught. We are positive that under the leadership of Mr. Kumar, Speak Asia will achieve continue to grow and greater heights.
Proud to be a Speak Asian.
Team Speak Asia

SAOL allegations

After the media hype there are many rumors in the country against speakasia.I have even heard people saying that passport of the CEO of speakasia has been ceased,but one thing people don't know is that no legal action been yet taken against them.
Speak Asia being a online research company do not come under the purview of Investor and SEBI.The star news themselves said that Speak Asia has so far not violated any RBI regulations. as they are neither an investment company nor listed company trading in market. They come only under purview of RBI.
Recent success of genX bazaar  is an another milestone in there achievement.All the cash request till date has been honored,if there intentions would have been wrong they would have closed a long time back.They wouldn't have come forward to conduct press conference.They wouldn't have shown there ads on TV and newspapers.They are slowly diversifying themselves in fields like advt based surveys, product retailing, foray into insurance sector etc.
We must understand that speak asia is a online panelist management company and they get surveys by the outsourcing activity by various market research companies.
Opening an office in India does not guarantee a zero risk scenario.In the past also many MLM companies had many offices in India and were also registered got shut down,so a office in India does not assure of it's genuineness.


review of the press conference

If people have watched yesterday's press conference,they would have noticed that the reporters were not at all ready to listed to the speakasia guys.It seemed that they were there just to oppose them.When told that Star network is also in the same business then star news reported said that speakasia's CEO is making allegations against star news.They were there just to blame and prove that speakasia is wrong.Its can be clearly seen that it's just an EGO clash between speakasia and star news.
StarNetwork is a china based company,don't they siphon money out of India?


Press conference held @mumbai on 16th may,11

At a specially called ‘damage control’ press conference in Mumbai, Speak Asia officials refuse to divulge any details unless journalists sign a non-disclosure agreement with them. The officials also apologise for mentioning the names of ICICI Bank, Bata, Nestle and Bharti Airtel as their clients

Speak Asia (SpeakAsiaonline.com), the online survey company engaged in multi-level marketing (MLM) to spread its network across the country, on Monday said that it could not disclose specific information regarding its business. The company's top officials told a press conference in Mumbai, the first time the company has called such a media meet, that unless the journalists present sign a non-disclosure agreement with them, Speak Asia could not divulge details like the names of its clients and financials. (View the video of the press conference at 01.07.56, at the end of this report.)

Manoj Kumar, the company's chief executive for India, apologised for naming ICICI Bank, Bata, Nestle, Bharti Airtel and ING Vyasa Bank as Speak Asia's clients. "Taking the names of these organisations was a factual error on the part of our chief marketing officer Vivek Gautam and I apologise on behalf of Speak Asia," Mr Kumar said. He, however, said that during the initial period of operations, Speak Asia had worked on these brands, although the service was not commissioned by these institutions.

Throughout the press conference, all the company's officials, including Mr Kumar, president for emerging markets, Narayanan Rajagopalan and chief marketing officer Vivek Gautam, refused to answer any of the questions put by journalists in a simple 'yes' or 'no' manner. Mr Kumar repeatedly diverted the focus of the specific questions that led the media people to ask him to answer with a simple 'yes' or 'no'.

To date, Speak Asia does not have any registered office or registration of any kind in India. Today, the officials also failed to clarify the authority under which the company operates. All they pointed to were some generic documents and circulars of the Reserve Bank of India (RBI) and other authorities. Mr Rajagopalan said, "We are setting up a permanent establishment in India from 1st August and set up five offices across the country by the end of 2011."

Denying that Speak Asia is an MLM operator, he said that the company is neither a survey company nor a marketing company in the broad sense, but it was a 'precision' marketing services (panel) provider. While Mr Rajagopan insisted on the word 'precision', he failed to explain the rational of allowing its customers (again no agent, panellist or subscribers) to buy 21 pins or IDs to buy its e-zine, "Surveys Today".

Talking about market research, the official said that currently the cost of undertaking such activity was very high and there was inflated cost of ownership for it. "Therefore, Speak Asia, provides an opportunity for companies to do market surveys in a cost-effective manner from its number of panelists," he said. Speak Asia pays Rs500 for every survey filled by its panelist. However, according to market sources, the cost of conducting a survey in India is not so high and companies pay about Rs10 to Rs60 per person covered in a survey.

Mr Rajagopalan also claimed that in the US companies paid $12 to $100 for every online survey and yet the rate of responses there was just 0.5%. However, a simple web search shows that in the US companies pay $1 to $30 per online survey completed.

On the company's revenue stream, Mr Rajagopalan said, Speak Asia earned money by providing its panels to marketing research organisations (the company is not one of them) for online surveys, commission earned by selling products and revenues from displaying ads. The company started operations in January 2010, but its official launch happened only in May 2010. Since then, Speak Asia has remitted about Rs325 crore from India and distributed around Rs250 crore to its panelists, sorry...customers. The company spent about Rs50 crore-Rs60 crore on advertising, public relations agency fees and brand building, and earned a net profit of Rs15 crore, to date, Mr Kumar, the CEO for India informed.

Speak Asia claimed to have paid Rs68 crore as service tax through its collection agents, but preferred to keep mum on the question of any tax deduction at source (TDS), or income tax deducted from payments to its agents.

In a statement distributed today, Speak Asia said, "At the end of its first phase, Speak Asia Online Pte Ltd (SAOL) has clocked a revenue turnover of USD80.5 million over the last three quarters. 1.2 million panellists have received monies over USD52 million over this period through bank transfers via RBI authorized forex channels. This income has been generated by filling up of surveys, giving online opinion on advertisements watched, and income accrued from referring other panellists. The company has till date invested over USD9 million for various marketing, training and business development programmes. The company in line with other overseas online businesses has a collection representative, which pays all applicable service tax in India; they have paid a total of INR68 crores as service tax to the government of India, up to April 30, 2011."

To date, the company has avoided replying to e-mail messages by Moneylife about its registration and jurisdiction. However, in the statement, the company said SAOL is committed to transparency and corporate governance in all aspects of its operations across function areas.

Interestingly, company officials continued to play goof-up on the question about its operations. They said, Speak Asia operates in India, but has neither any operation nor any business in Bangladesh. Mr Kumar responded in the negative when asked at least two or three times about the company's operations in Bangladesh.

However, a letter from the company's owner Haren (Harender Kaur of Singapore) put up on the Speak Asia website mentions its ongoing operations in Bangladesh. According to Mr Kumar, Ms Kaur and her family owns SAOL. The letter which is not dated, says, "I am pleased to announce that Bangladesh has really done well in the Speak Asia way of operations and the rate of growth has been tremendous. The master distributor for Bangladesh has been finalised and shall be in working condition by the 20th of April. Their location shall be in Chittagong. All the new members joining Speak Asia shall have an option of paying in Bangladesh Takas only w.e.f 20th April 2011. Henceforth all the panel income (binary commissions) shall be remitted locally in BDT by direct bank transfers to the panelist accounts. This shall be completed by the end of April 2011. All the existing payouts shall be organised by the master distributor via bank transfers."

PUBLIC NOTICE





It is informed to Public at large that, Speakasia Online Pte. Ltd. (“Company”) is duly registered under section 175 & 201 of Sinagapore Companies Act having its registered office at 10 Ubi Crescent, # 07-68, Ubi Tech Park Singapore.

The Company is owner and registered proprietor of www.speakasiaonline.com with the tag line VALUES YOUR OPINION . The Company is a large integrated online survey group in the Asian sub continent.

It has come to the notice of the Company that some person(s) are misusing its brand name Speakasiaonline and thereby misrepresenting to the public and inducing them to beleive that they/their domain name are connected /associated with the “Company” .

Few of such websites are www.speakasiaonline.co.in, www.speakasiaonline.in, www.speakindiaonline.com, www.whyspeakasia.com, www.whyspeakasiaonline.com.

These websites are unauthorisedly using name of the Company and have illegally copied some of the contents of www.speakasiaonline.com .

Please take notice that www.speakasiaonline.com is not connected/associated with any of the above websites in any manner whatsoever. Public in general is hereby cautioned that anyone dealing with such websites shall be doing so at their own risk, resposibilty and consequences and Company shall not be responsible for any act of www.speakasiaonline.co.in.

Please also take notice that unauthorised use of name speakasiaonline (including in the form of a domain name), tantamounts to infringement of Company`s rights.

The Company is taking action against all such offenders under civil/criminal law.

In case of any query, please contact at www.speakasiaonline.com .

Place:Mumbai, India

a notice put on speakasia's website.


Dear Speak Asians,
I am sure that just like the team and management of Speak Asia you too must have viewed the motivated, misconceived and baseless news item relating to Speak Asia on Star News channel.
We are shocked to see the extremely malicious, derogatory and defamatory allegations levelled therein. The entire story appears to be planted by them due to a business rivalry with Speak Asia.
We would like to reassure all of you that there is no truth or substance in these unfounded allegations and necessary instructions have already been issued to take all possible legal actions against the channel.
Please be assured that we will not allow any organization or individual to impede and hamper the well-earned image, trust and respect of Speakasia and thereby attempt to impede its progress and growth. Such attempts will be met with the most stringent legal action.
As always we stand committed to our objectives, ideals and commitments and assure you of our continuous support.
With warm regards,
Haren (Harinder Kaur)
Chairperson

ICICI and ING-VYASA

Speakasia had never conducted any survey for ICICI bank and they never claimed that ICICI bank is an client of them.And regarding ING-VYASA,all the franchisee transactions are being done by them.

Its just an another way to increase TRPs and to promote starpanel,as speakasia is the hottest trend in the market.


bata is associated with speakasia......here's the proof


If bata is  not associated with speakasia then how can the coupons be validated by bata?

StarNews exposes speakasia......what's the real fact?

There has been panic among the people regarding a recent report of star news,stating that speakasia is a fraud company.
But many of you won't  be knowing that soon Star network is going to start its own survey company (www.starpanel.startv.in).For that they need members and there can't be any better way than to spoil the image of other company and gain popularity.The advantage of (www.starpanel.startv.in) is that they already have a news channel with them with a strong viewer's base,and people here have a tendency to believe whatever is shown in news as if it is the "fact".
SAOL never showed there ads on star network,and also starnews crew were not allowed to attend GenX bazaar recently organised by speakasia(there were some hot discussions between bouncers of speakasia and star news). 
In the news they said that speakasia is not associated with ICICI,Nestle and bata,but neither of the MD or Marketing heads of those companies have told it in front of camera.Then what's the proof that they got any mail and are telling truth and claiming a company who have benefited lakhs of people is a fraud.How can one expect that companies like bata,ICICI etc will ever reveal there internal affairs to any news channel.They told that these organisations are not associated with SAOL,then what about 200+ companies which came in GenX bazaar?

Remember the "Breaking  News: Kanpur mein do kutto ne rachai shaadi, Kutte bhi gay hote hai. "That's there standard.

Friends don't get carried away with these types of news.Have some trust in your speakasia.These news channels have never benefited you in any way,but speakasia did.Now its upto you to decide.


I might be wrong but,its my personal opinion.


GenX Bazaar expected to draw large crowd (Navhindtimes)


Published on: May 8, 2011 - 01:59 

The government of Goa has rented out, on the short term basis its 2,00,000 sq mts prime land at Baga for organising GenX Bazaar 2011, a mega market by Speak Asia in order to boost tourism in the state.
A fully air-conditioned enclosure would be erected on the space for showcasing products in the areas including automobiles, IT, lifestyle, electronics, consumer durables, fashion and lifestyle, besides financial services. 
It may be recalled that the Goa Tourism Development Corporation, on public private partnership basis, had decided to construct a five-star hotel on 52,006 sq mt of land, out of the above mentioned land as acquired by the department of tourism in 1976.
However, the government had later dropped the project and decided to set up a House Committee headed by the Chief Minister, Mr Digambar Kamat, for deciding on all the major projects related to state tourism.
The director of tourism, Mr Swapnil Naik present at a press conference on Saturday to announce the GenX Bazaar 2011 said that around 10,000 people would be visiting the Bazaar and more importantly spending lot of money.
The GTDC chairman, Mr Nikhil Desai, speaking on the occasion said that around 5,500 rooms have been reserved in various Goan hotels for accommodation of the GenX Bazaar participants, while 1,000 vehicles including 800 cars and 200 buses have been booked.
“The event will definitely boost the already sagging tourist season in Goa,” he added.
The chairman of the Travel and Tourism Association of Goa, Mr Gaurish Dhond said that the state hotel industry will be a major beneficiary in the entire exercise lasting for a couple of days.
Meanwhile, interacting with the media, Mr Vivek Gautam, the chief marketing officer of Speak Asia, Asia’s largest integrated market research agency said that GenX Bazaar 2011 will be held on May 9, 10 and 11 and is expected do business worth ` 220 crore.
“Goa, through these transactions will earn sales tax as applicable,” he added, pointing out that Speak Asia will be happy to make GenX Bazaar, a regular feature in Goa.
Speak Asia is a market research organisation, whose on-line model is operational in India. It has more than one million members known as Speakasians or panellists, who have unique access to products and services of their choice and price. These members will get a chance to view and sample the products exhibited at GenX Bazaar 2011, as also able to purchase products of their choice by using their e-wallets and paying electronically through the instrument.
The merchants on the other hand will have option to either sell the products with 100 per cent payment with delivery, or 10 per cent non-refundable payment with delivery at the respective outlets.
Altogether 10,000 Speakasians are expected to arrive in Goa during the three-day event.
There will be entertainment programmes accompanying the mega market, with performances by noted actress, Rani Mukherjee, well-known playback singer, Kailash Kher, and Krishna-Sudesh among others.
Speaking further, Mr Gautam said that Goa has 2,000 Speakasians, while Speak Asia is present in the entire India including Andaman and Nicobar Islands.   
 

Special train for GenX bazaar goa on 7th may


SAOL has arranged special trains to goa for speakasians for th upcoming GenX bazaar .The train  is scheduled to arrive form New Delhi 9 p.m on 7th may,2011.

news from GenX bazaar-SAOL

Gen X Bazaar Breaking News: "Food Food" TV Channel of world famous Chef Sanjiv Kapoor will hold Exclusive Spot Audition in Gen X Bazaar, GOA for selection amongst the Speak Asians present there to feature in their new program "Khana Pakana Ka Maha Challenge". These episodes will be aired on TV Nationally. See you in GenX Bazaar - GOA !!




Gen X Bazaar Breaking News: Gitanjali Fashions will put on auction their famous jewelry at a whopping 70% discount at GenX Bazaar in GOA !!! So do not miss this never before opportunity . Be present at GenX Bazaar - GOA .



Gen X Bazaar Breaking News: Launch of White and Brown Goods ( Air Conditioners, TV, Fridge , Mobiles) and extremely innovative and attractive Reverse Auction at GenX Bazaar in GOA !!!





Gen X Bazaar Breaking News: Canon, Titan, Adidas, Nirlep, Gitanjali, IFB, Welspun, Nakshatra, Sangini, D damas, Pure IT, Gili, Proline, Libas, Reebok, Thomas Cook and others to showcase their world class product range ONLY for Speak Asians in GenX Bazaar at very Special Prices and offer never before spot deals.






what is Ram Survey?


Ram Naresh Financial Consultancy Pvt. Ltd. (Ram Survey) is the new and very innovative idea in network marketing. First concept in the MLM history which will change all the parameters of Network marketing.
Ram Naresh Financial Consultancy Pvt. Ltd (Ram Survey) brings the revolution in the Advertising (SURVEY) industry. Being launched on 14TH DEC 2010, it's a great chance to be on the top of the company and work directly with founder members and expert in network marketing and internet marketing.
Ram Survey is India's largest Market Research and survey company registered and certified by Govt. of India under company act.

SAOL @ Chennai


: Singapore based Speak Asia Online makes a foray in the state of Tamil Nadu by offering opportunities for accessing influential and opinionated people. Business during 2010 has been brisk and Speak Asia is enjoying an ever-growing international client list. Speak Asia Online has more than four lakh panelist spread all over India. A panelist is a consumer who participates in surveys. The company is looking to increase its panelist base to meet the shortfall of over 10 million panelists and envisions being the key player of this fast growing USD 750 million market in Asia and aspires to cross the benchmark of USD 115 million by 2010-2011. Unlike conventional market research firms, Speak Asia pays the researcher for imparting their valuable opinion.
Panelist with Speak Asia can be enrolled if the candidate has been an existing online panelist with top 10 market research companies with a valid income proof of at least $1000 in a year. Alternately one can pay $ 60 take to take an exam and on passing the exam go through an interview process to be enrolled as a panelist. Fresher and other panelists are required to go through training and read training material from “Online Surveys Today” which is also sent to them as an “E-Bulletin, an independent media organization.
Vivek Gautam Chief Marketing Officer, Speak Asia online says, “We are strategically growing our supply chain to ensure we are fitting the needs of our existing and growing client base as well as those clients that have expressed a desire to reach certain niche audience groups. With this increased supply base, we are perfectly placed to offer researchers and buyers of sample the widest choice of high quality panels within one unified platform anywhere.”
Speak Asia online panel platform is attractive to organizations wanting to do market research because it helps minimize costs, generate a new revenue stream for them and assist in limiting panel attrition, keeping panel investment returns high. I think the biggest attraction to trusting our model is simple, we are fair in our sampling and revenue opportunities for our partners and I think they are beginning to recognize that. In the months to come we will continue to focus on bringing in quality supply to service the needs of the research industry as a whole. The focus will be geographical as well as niche specific. Added Gautam.
Speak Asia Online, has created a paradigm shift in research by eliminating the need of executives for conducting surveys. In spite of investing precious time, prospects got little or no reimbursements for their valuable opinion and the benefits were enjoyed by the market research companies and their executives. But now, things have changed. Speak Asia Online empowers panelist to part with their opinion and get paid for it
Speak Asia Online is not a finance or an investment company or a bank. Speak Asia online does not take any payments from anyone for participating in its surveys as a panelist. Experienced panelist can join Speak Asia Online without any payments and fill surveys and get paid for all correctly filled surveys. Speak Asia Online in turn gets paid by Indian and international market research organizations for the services it renders for them. The people (potential consumers) who are new to online surveys business have an option to get a subscription to get training periodical to get equipped but this by itself does not guarantee any income. Income is generated only in case they participate in relevant survey programs and fill correct surveys regularly. This training periodical is independent of Speak Asia Online.
Speak Asia online has a very attractive reward program for its panelist, that demonstrates the determination and commitment of Speak Asia towards being the number one online research company in the world and recognizing and rewarding best performance. One can win Toyota Fortuner, Tata Safari, Ford Figo, an all expense paid trip to Singapore / Manila and laptops.
About Speak Asia online: Speak Asia – the largest integrated online survey group in the Asian Sub continent. Dynamically driven by the genius of Ms. Haren, Speak Asia is our group’s first inroad into the Online Market Research space backed by a well-planned and strategic presence in Malaysia, Indonesia, India, Vietnam, Philippines, Nepal, Bangladesh and Singapore.

Reward Points for Goa Gen X Bazaar


Speak Asia Gen X Bazaar in Goa  commences from 9th May till 11th May. This  never before event be attended by around  100  vendors / merchants / organisations who will display and sell their products  to over  12000 Speak Asians coming to attend  this Grand Event from all over the country . While the program details are already on the POP UP , some of the highlights include performances by RANI MUKHERJEE , NEHA DHUPIA , MIKA , ABHIJEET SAWANT .. to name a few .  As is quite evident , Speak Asia  is investing heavily to bring in together Consumers and Manufacturers  at a common platform  for their  mutual benefits. 
Gen X being a market place ,it is mandatory for each Speak Asian coming to Goa to put minimum 500 Reward Points (RP)  in his/her shopping e wallet to avail excellent offers exclusively for Speak Asians from  the various brands which will display their products there .  We understand that due to overwhelming response and rush for reward points  has resulted in shortage of Reward Points (RP) and many Speak Asians have requested  us  to help them get these Reward Points (RP) easily. 
To meet this demand , we are pleased to confirm that now a Speak Asian can take Reward Points from the Distributors ( just like they take other  subscription codes from them )   who will transfer these  Reward Points  directly into their shopping wallet for shopping in Goa .  
Further, these Reward Points (RP) which are specially generated to be used for the Shopping can ALSO be used for generation of subscription codes after the Goa Fest is over.  However  please note that   subscription codes generated from  the balance in shopping e wallet  after Goa Fest will not earn  2.5% commission. 
So go ahead and buy your special  Goa Codes from the distributor and be a party to FUN , FROLIC and some serious SHOPPING . 
Team Speak Asia

NOTICE from SAOL

Dear Speak Asian,

As informed earlier about the price hike, we are please to share that the effective date of the price hike will now be 20th May instead of 12th May. This change in date is to help all the Speak Asians who are going to attend the Goa Festival from (9th till 11th May) and may miss out on the business advantage due to the price change.
You must already be aware that you can now take rewards points from distributors to put in your shopping e wallet enabling you to attend the Goa Gen X Bazaar.
Further, you will be happy to know that all the unused Reward Points that left in the shopping ewallet can be used for buying codes after the Goa event .
So go ahead and enjoy the Goa Fest and get rejuvenated to maximise your business before the Price Hike on 20th May.

Team Speak Asia

GenX bazaar updates


pDear Speak Asians,
Speak Asia Gen X Bazaar is much more than just India's Largest Consumer Fest organized ever. It is literally 'History in Making'.  
Incidentally, launch of Gen X Bazaar in India is also one of the finest holiday package filled with lots and lots of fun and frolic where celebrities like Rani Mukherjee, Neha Dhupia, Mika Singh and many more will be there to perform ONLY & ONLY for Speak Asians!!! 
For more details on this event of the century please read on further….
Speak Asia Gen X Bazaar
(Goa 9th, 10th, 11th May 2011)
AGENDA
Venue: Baga Lands End, Opp. Brittos Restaurant, Baga Calangute Road, Bardez, Baga- Goa - 403516
9th May 2011 

Morning Session
10:00 AM                                                             Inauguration
10:15 AM                                                             Market Place Rounds
10:30 AM to 6:00 PM                                        Shopping open for SpeakAsian's
Afternoon
1:30 PM to 6:30 PM                                          Anchor Interactive with SpeakAsian's
Perlin (Idian Idol - Ill Finalist)
Welspun Fashion Show
Evening
6:30 PM to 7:30 PM                                          Gitanjali Jewellery Fashion Show & Auction
7:30 PM to 9:30 PM                                          Abhijeet Sawant (Indian Idol - I Winner)
                                                                                Bollywood Troupe
Pratichee (India's First Girl Band Viva)
10th May 2011

Morning Session
10:30 AM to 6:00 PM                                      Shopping open for SpeakAsian's
Afternoon
1:30 PM to 6:30 PM                                         Anchor Interactive with SpeakAsian's
                                                                              Meenal Jain (Idian Idol - I Finalist)
                                                                              Goan Carnival Troupe
                                                                              Sepia Fashion Show
Gala Evening
6:30 PM to 7:30 PM                                         Provogue Fashion Show (Celebrity Show Stopper)
7:30 PM to 9:30 PM                                         Mika Singh & Troupe
                                                                              Neha Dhupia Performance
                                                                              Bollywood Troupe
                                                                              Show Stopper Performance- RANI MUKHERJEE

11th May 2011
Morning Session
10:30 AM to 6:00 PM                                      Shopping open for SpeakAsian's
Afternoon 1:30 PM to 4:30 PM                      Anchor Interactive with SpeakAsian's
Fashion Show
Goan Carnival Finale Troupe


We invite proud Speak Asians to Goa to be participate in this historic moment.


Team Speak Asia


PS: Terms and conditions for participation in the launch of Gen X Bazaar at Goa, are available when you log in to your SpeakAsia ID.
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