V OL MB I E

VMobile 31 ACES - 4 Meeting

m

ACoS

Meeting Minutes April 1, 2012 {No Quorum) (1) M. Estrito, (2) B. Formaran, (3) E. Dalago, (4) J. Gallego, (5) L. Villegas, (6) J.C. Estioko, (7) A.R. Novillos, (8) R. Sabarillo Jr., (9) E. Malabrigo, (10) J. A. Vtilanueva, (11) A. Casunuran, (12) R. Llladones, (13) E. Baula, (14) M. Driz, (15) C. Fiores Next meeting: May 6, 2012, 6:00 pm, VMobile IBC Calamba Present:

I.

Opening

The regular meeting of the 31 Aces was called to order at 7:08 pm on April 1, 2012 in VMobile IBC Calamba by President Larry Villegas. Opening prayer and sharing by Pastor Edgar Malabrigo. Mr. Villegas mentioned that we have a quorum from our previous meeting of March 2, 2012 during the Team Building at Dona Jovita Garden Resort and therefore the Minutes of the Meeting of the aforementioned date were approved.

II.

Marketing Strategies

Mr. Villegas mentioned that we will have 100% effort on survey follow-up. We will also need to create an online survey form both in Facebook and our 31 Aces website. Further, request your proposal letters from Mr. Gallego whenever any team member needs to contact any church, cooperative, business owners and head of organizations. 31 Aces team member needs to secure a hard date appointment schedule with their respective contacts upon delivering the letter. The team was further encouraged to conduct a house to house meeting strategy for those who have challenges on coming to VMobile IBC Calamba. In this situation, our Technopreneur contacts will be the one setting up the Business Orientation Meeting (BOM) at their location. There are several follow-up which needs to be undertaken by our team members and were reminded to do them in the soonest time. Mr. Villegas also reminded the team about explaining and promoting the Power of 7 and 15 for organization prospects that we might have. Mr. Estrito mentioned that the team is set to present to Ms. Angelica Jones and Mr. Marco Sison.
2nd Floor, RCBC Building, Barangay 1 Crossing, Calamba City, Philippines Tel. No. (049) 508-0959

Page 1

\//SAOBILE
III. 31 Aces Website

ACOS

Ms. Mimi Baula presented the newly programmed website of VMobile 31 Aces at www.31AcesVMobile.com. The domain is good for one (year). The webpage is now published and can be accessed. There are two (2) pages dedicated only for the 31 Aces and the team under 31 Aces, which are FOR MEMBERS and SUPPORT tabs respectively. Passwords on these 2 secured pages are available upon request but were disclosed to those attendees of this particular meeting. There would be occasions when these passwords will be changed. There will be another page for the Finance Report and will be available in FOR MEMBERS tab. The website is 90% complete pending the training videos which will be uploaded to the SUPPORT tab. These videos will be taped by Mr. Mc Estrito. Email addresses for the officers have also been generated using Gmail: Mr. Larry Villegas - admin@31AcesVMobile.com Mr. Mc Estrito - training@31AcesVMobile.com Mr. Carlo Estioko - support@31AcesVMobile.com Mr. Echo Gallego - events@31AcesVMobile.com Ms. Ellen Dalago-finance@31AcesVMobile.com Ms. Mimi Baula-webmaster@31AcesVMobile.com

These email addresses are now available for use in business cards and the website. However, during this initial period, all email messages will be directed to the webmaster.

IV.

Financial Report

According to Mr. Dalago, seven (7) members' checks were cashed on March 26,2012. Finance Report from Ms. Ellen Dalago: February-March Income:
J

Php gi^OO.OO

This total amount is from the sum of 7 converted checks from Mr. Bryan Formaran (Pll,500), Mr. Mel Motas (P12,500), Mr-Gallego (Pll,500), Mr. Villegas (Pll,500), Mr. Arvin Novillos (Pll,500), Mr. Mike Driz (Pll,500), and Ms. Dalago (P21,500).

2nd Floor, RCBC Building, Barangay 1 Crossing, Calamba City, Philippines Tel. No. (049) 508-0959

Page 2

^ OL MB IE
10%WitholdingTax(Less): Transaction Fee (Less):
2

ACoS
2

-9,150.00 -420.00

Transaction Fee is P60.00 per check with 7 converted checks. - 8,550.00

3

Direct Referrals (Less):

'There are seventeen (17) direct qualified members who will be receiving the payout for the March Direct Referral Income. Total March Net Income: Php 73,380.00

Break-down of income distributions and suggestions: 50% Individual Earnings: 30% Investment: 10% Charity: 10% Operational Expenses: Php 36,690.00 Php 22,014.00 Php 7,338.00 Php 7,338.00

31 Aces pay-in amount is Php 36,690.00 divided by 31 = Php 1,183.35 each member. Breakdown of Dona Jovita Garden Resort Team Building on March 4, 2012: 31 Aces Member Contribution: Php 256.00 x 31 = Php 7,936.00 Food/Drinks: Dona Jovita Resort: From Operational Expenses: Total Expenses on Team Building: Php 6,730.00 Php 1,500.00 Php 294.00 Php 8,524.00

According to Ms. Dalago, the team purchased a multimedia projector for P13,000.00 which was taken from account distribution of the previous 30% income distribution on investment of the team per signed Memorandum of Agreement (MOA). The Monthly Financial Reports will be available in our website. Ms. Dalago is in the process of organizing the report all together.

2nd Floor, RCBC Building, Barangay 1 Crossing, Calamba City, Philippines Tel. No. (049) 508-0959

Page 3

v.

\ OL / B M IE
Bank Account Sub-Dealership Program

ACoS

Ms. Dalago mentioned that we will be opening a bank account and is considering several banks - BDO Calamba has a P2,000 maintaining balance; BPI charges P50 to open an ATM account and checks take 3 days of clearing. This will be looked upon in details and will be discussed on the next meeting.

VI.

Per Mr. Estrito, VMobile IBC Calamba is open to offering a sub-dealership program to those who qualify. This program is specially intended for the benefit of the members under the 31 Aces team who reside quite a distance from VMobile IBC Calamba. The conditions of qualifications are the following: 1. The sub-dealer shall be recommended by any of the 31 Aces Member as credible. 2. There is a quota of P5,000 loadwallets replenishment at least every 3-4 days. a. The loadwallets can be replenished right away by calling IBC Calamba after a deposit to office's account has already been made. If the quota has not been met by the subdealer for the 4 time, the sub-dealership will be revoked. b. The sub-dealer can earn 1% from the loadwallets sold from their respective location. 3. There is a minimum initial purchase of 10 kits at P3,888.00 each (total of P38,880) wherein the sub-dealer will earn P100 for every kit sold. 4. An agreement shall be signed by both VMobile IBC Calamba and the sub-dealer.
th

VII. TechnoUser Access Cards

Ms. Dalago made a suggestion to the team regarding the Technouser cards wherein we can sell them for P350 each with a promotion of P25,000 worth of accident insurance coverage included good for 1 year from Malayan Insurance. The P150 annual coverage also includes P2,500 burial and P5,000 hospital benefits. Ms. Dalago will provide us with the Malayan brochure and can be utilized anytime. This promotion can be endorsed to small organizations and groups (i.e. TODA, etc).

VIII. 31 Aces My Turf Program

Ms. Dalago suggested activating the MyTurf program on the first account of the 31 Aces in the name of Mr. Estrito for additional income to the 31 Aces team. There will also be a dedicated 20-minute presentation every Sunday of the MyTurf Program incorporated during the BOM schedule. This activation costs P499 which includes a product selection of either Vitamin C or 2 boxes of toothpastes.

2nd Floor, RCBC Building, Barangay 1 Crossing, Calamba City, Philippines Tel. No. (049) 508-0959

Page 4

\ OL / B M IE
IX. New BOM Presentation Slides

ACoS

Mr. Estrito presented the new BOM Presentation PowerPoint slide which will be used by the 31 Aces. This presentation also has a corresponding flip chart which will go on sale for P250-P300 to those who do not have a computer. According to Mr. Estrito, we are going back to the 'old school' basic training in building teams with corporate concept. This was incorporated in the presentations and trainings for the 31 Aces Team Members.

X.

Incentive Program for Members Clarification

Per Mr. Estrito, a VMobile 31 Aces T-Shirt will be awarded to members who have completed the following: Has completed the 3 business modules Has 10 Technopreneurs each on their A and B teams

XI.

Members' Status

Two (2) of the 31 Aces Members (Mr. Vilmore Flores and Mr. Nildo Dumangas) have not been active since the team was formed. It was, therefore, the intention of the team per our MOA to have them replaced. More discussion to follow as it requires meeting with the concerned members.

XII. Other Matters

A feeding program has been suggested as part of our charitable work. This will be discussed more in the next days to come.

XIII. Adjournment
Meeting was adjourned at 10:10 pm by Mr. Villegas.

2nd Floor, RCBC Building, Barangay 1 Crossing, Calamba City, Philippines Tel. No. (049) 508-0959

Page 5

OI L E V MB
Minutes submitted by: Edelyn Baula

ACcS

Approved by:

Lauro Vilfegas President

Mc OnelK W. Estrito Vice President

Elenit Secretary for Finance

Jericl^6fif lego/ \oVJohn Carlo Estioko Secretary for Events, Promos & Secretary for Training Sales Development

Edqiyh R, Baula & Secretary for Administration

2nd Floor, RCBC Building, Barangay 1 Crossing, Calamba City, Philippines Tel. No. (049) 508-0959

Page 6