This agreement is a major step forward for the Capitales Fijos Inc. They has three years serving the U.S. Hispanic market and two years trying to penetrate in the Latin American countries.
For the Venezuelan company PDVSA also has great significance, as economic reports confirm recent losses in the last three years and some debt.
As we confirmed Mr Victor Aular, PDVSA Chief Financial Officer, " with this agreement we place a percentage of our savings in a safe place and obtain long-term benefit. "
The amount of the transaction were not disclosed and the agreement will be effective starting September 1, 2012.