How Mobile Applications can help grow your business.

With mobile commerce taking off at an exponential rate, mobile apps could be a useful tool you can leverage on to promote your business.

Brands such as Pizza Hut and eBay have leveraged on mobile applications to successfully grow their businesses by leaps and bounds.

Pizza Hut’s iPhone application generated US$1 million of sales within three months of its launch, m.eBay.com drove US$380 million worth of purchases in 2009. People not only bought books and clothes from eBay but also a Lamborghini, a US$150,000 boat, and a Bentley.

With the many advantages they have over traditional channels, they have changed the way business is conducted

Being at the right place at the right time
Mobile applications such as iPhone apps are right there for you whenever you want to buy something, according to Steve Yankovich, Vice President of Platform Business Solutions and mobile at eBay: “When you have a moment to buy something, where are you and what screen do you have? The whole premise behind mobile commerce is buying during downtimes, such as when you are waiting for a table at a restaurant, between action at your kids’ soccer games, sitting in front of the tube (train) anywhere, anytime. When a customer thinks about a purchase, she can pull the trigger at that moment.”

Being an integral part of one’s daily lives
When a mobile application offers information or tools that make people’s lives easier and more convenient, it becomes part of their daily lives. It might even become indispensable to them one day. The customer loyalty you can build through a mobile application is invaluable.

A good example is the highly functional VaxTrax, an iPhone app by pharmaceutical giant Novartis to help families manage their children’s vaccination schedules. The app tracks vaccinations as they are received, from infancy through adolescence, then tells parents when updates are due. Users can also use the app to log insurance records, and find pharmacies or other locations where flu shots are available.

Using of locational based technology to customize preferences
GPS on mobile phones enables people to identify products and services close to them. Mobile apps will not only allow your business to attract more customers but also to entice them to spend more. Other than a store locator, Kraft’s iFood Assistant contains 7,000 delicious recipes and full-meal shopping lists. With more ideas on how to prepare and economize their meals, this app has succeeded in driving more sales for Kraft.

Furthermore, mobile users can share information easily with their family, friends and even strangers on the internet with a few touches.

Word-of Mouth Recommendations
It is easier to get word-of-mouth recommendations on apps than other channels. For instance, most location-based apps for restaurants and service establishments have a review section. Those with good reviews have undoubtedly attracted more customers to visit them, especially since the potential customers looking for their services are only a street or two away.

Live real time updates
Due to their accessibility, mobile apps are especially suitable for price-sensitive businesses. Mark Beccue, an analyst at ABI Research, praised eBay’s strategic use of mobile commerce: “EBay customers are adamant and very enthusiastic, and the only way to keep up with auctions anytime, anywhere is mobile. Enabling people to keep up with their auctions in real time through untethered commerce was a very clever move by eBay.”

For the same reasons, mobile apps can be used to push promotions and discounts. Customers can be informed almost immediately when these go “live”. They can also react instantly on purchase decisions, without having to drive to a store or switch on a computer. In this way, they are better able to take advantage of any offers that have been made to them.

Deeper customer engagement
Deeper customer engagement can be achieved when apps make things fun for your customers. As can be seen from the clip below, ordering from Pizza Hut through its iPhone app is a highly interactive experience:

Pizza Hut’s iPhone app even comes with a highly addictive game. With its ‘cool’ factor, it is no wonder 100,000 downloads of the app were made within 2 weeks of its launch.

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Vote for Verztec as your Favourite Singapore Brand

Verztec Consulting has been recently announced as one of the winners for SPBA – PROMISING BRANDS, in the Singapore Prestige Brand Awards (SPBA).
You can now vote for Verztec as your Favourite Singapore Brand and stand to win attractive designer products worth up to $7000!

Simply SMS 13 to 77877 in this format by 5th December 2010

spba<space>13<space>NRIC<space>your name
For eg:  spba 13 S8241XXXE Daniel Wong

For more information please visit www.spba.com.sg
NOTE : Each SMS cost 20 cents. Only open to Singaporeans and PRS aged 18 years and above. Each participant may only vote ONCE for any ONE brand.

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Rebuilding Your Brand in China

In an earlier article, we appraised the importance of getting the brand name and logo of a company right in China. Beyond this, other aspects of branding also have to be localized for an effective penetration of the local market. Given the socio-linguistic gulf, the Chinese do not share many of the cultural reference points or even, lifestyle of their American or European counterparts. As many companies have found out, it may be necessary to rebuild or rework your brand when you enter the China market.

Identity and Differentiation
Brand switching is common in China. Consumers are fickle because they now have a lot more choices than they had a decade before. Furthermore, many brands have not done an adequate job of identifying and understanding their core markets in order to target them effectively.

Buick is an example of a brand that faltered despite a strong debut. When Buick was first introduced in China, it was presented as the vehicle of choice for the crème de la crème of society. Pu Yi, the last Emperor of China, was shown in its ads to have possessed a Buick in the 1920s. Similar ads were run of Chinese leaders like Sun Yat-sen and Zhou Enlai. The brand became an instant hit and Buick quickly began to sell more vehicles in China than in the US.

Pu Yi, China's Last Emperor, drove a 1932 Buick Tudor

To take advantage of this growth, Buick started selling lower-end models in China. Although sales boomed initially, it went into a decline soon after. This was because corporate chieftains did not want to drive the same car as middle-class or first-time buyers. The latter group were also dissatisfied, as they thought they were buying into the Buick brand and Buick quality but the watered-down version did not meet their expectations.

At the end of the day, no one knew what Buick stood for. Was it high-end or low-end? One size does not fit all in China and a well-thought about strategy is definitely needed there.

Local Relevance
A brand has to fit into the preferences and lifestyle of the target market before it can be embraced by it. Wall’s found that people in China generally do not eat desserts through its initial research. So when the company launched its Vienetta ice cream in the market, it repositioned the product as a shared experience and special treat for aspiring young professionals who wished to connect with the symbols of international success.

Kentucky Fried Chicken (KFC) went a step further by constantly updating its menu to appeal to the market. The highly localised menu includes congee or Chinese-style porridge for breakfast; Beijing Chicken Roll (à la Beijing Duck) served with scallion and seafood sauce; and Spicy Diced Chicken, which resembles a popular Sichuan-style dish. This has won them a large and loyal following in China. With more than 2,000 outlets in the country, KFC has a 2:1 ratio over MacDonald’s here. Outside of China, it is the other way round in most countries.

Connecting with Consumers
Branding is a highly symbolic form of communication. It often draws upon associations to infer upon the brand a certain quality. In China, a different set of cultural associations has to be adopted.

Clarins for instance struggled with sales of its male grooming products because it did not treat China as a separate market. Leveraging on its international advertising, it presented ethnically diverse, metrosexual models to local consumers. Already nervous that caring about their appearance means they are not manly, Chinese males were put off by Clarins’ advertising campaign. They could not relate to the models and had no desire to look like them.

Other brands also failed with advertising campaigns featuring blonde preppy models lounging on yachts. Unlike the West, yachts and the Hamptons were not in the popular imagination in China.

In contrast, L’Oréal successfully promoted its male cosmetic brand Biotherm by leveraging on Korean movie stars. At a time where Korean movies and pop music is highly popular in China, these stars carried a look, style and personality that Chinese men aspired to and Chinese women wished their boyfriends had.

Like  most other countries, China presents its share of challenges for brands entering its market. More than just language, a strong understanding of the people – their habits, preferences, desires, identities, aspirations – is crucial in making the emotional connection that is part of the branding process.

Furthermore, China is more similar to Europe than the US, where strong regional differences in language and culture exist. Companies hoping to establish substantial presences in china are well advised to invest as much in consumer research as their marketing and promotion efforts.

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Verztec Consulting awarded the Promising Brand Award

Verztec Consulting has been announced as one of the proud winners of the Promising Brands Award, one of the five award categories in the Singapore Prestige Brands Awards (SPBA) ’10.

SPBA 2010 Winner - Promising Brands

SPBA is jointly organized by the Association of Small and Medium Enterprises and Lianhe Zaobao and was established to recognize deserving Singapore brands that have been developed and managed effectively through various branding initiatives.

This award will be marked as one of Verztec Consulting’s significant milestones; an affirmation of Verztec’s strong branding efforts. Verztec Consulting would like to take this chance to thank the customers who have grown with them through the years and will continue to work towards greater milestones. For more information about the awards, please visit the SPBA website.

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Positioning Your Brand Effectively in China

It seems that everyone wants to do business in China nowadays, and obviously, there are many strategic issues involved when moving a brand into a market that is linguistically and culturally different.

Covering this would take an entire tome of a book. Perhaps we should “begin at the beginning” with the brand name and logo. Why do some succeed where others have failed spectacularly in their branding? Past forays of Western pioneers provide good insight into the market.

A Rose by Another Name Does Not Always Smell As Sweet
People often form their first impression of a brand from its name. The name also influences how they think about a brand later on and connect with it emotionally. Thus, a proper translation of the name can lead to a successful penetration of a market.

But first, how are brand names translated in China? Basically there are three ways. The first is a literal translation. For instance, Microsoft was rebranded as “微软” , with “微” denoting micro and “软”, soft.

The second is phonetic. A Chinese name that sounds like the English one is chosen. Ikea is known as “宜家” (Yi Jia) and Samsung, “三星” (San Xing) in China.

The last way is to express a similar image or concept in Chinese. Shell Oil is recognized as “贝壳” (shell) while Wrigley’s is “箭牌” (arrow brand). Sometimes, a combination of these devices is used. Coca Cola’s Chinese name, “可口可乐” , is phonetic. At the same time, it is also a conceptual translation because the name means “allowing the mouth to rejoice”.

The brand names that strike a chord with Chinese consumers are those that call attention to the brand value. An example is Mercedes Benz, which was rebranded as “奔驰” (speed ahead). Its competitor BMW, known as “宝马” (precious horse), has managed to endear itself to this market as well.

Like in other markets, brand names that arouse positive emotions perform very well in China. Carrefour, one of the most popular foreign supermarket chains here, is known as “家乐福” (Family Fortune and Happiness). Its success can no doubt be partly attributed to its name, which refers to a happy and fortunate family. In a country where life is centered around kin and kith, the name reaches out effectively to the market the brand is targeting.

Brand names can further confer positive values to a brand. The Chinese name of Full Mark, a hotel, is “福 满客”, which implies it is always fully-booked and guests have high praise or full marks for the place. Similarly, Hyundai is seen as a technologically advanced company through its name, “现代”, which means modern in Chinese.

The Other Side of the Looking Glass

Logotypes present another challenge for foreign brands in China. The meaning represented in the image may not always carry over due to differences in cultural associations. Quaker Oats was affectionately adopted by the Chinese market as “老人牌” (old man brand), but Polo Ralph Lauren’s polo player was nicknamed “三脚马” (three-legged horse), which carried none of the classic affluence and prestige the brand conveyed in the West.

Imagine this happens to your company, except in Chinese. The ridicule and derision heaped on your brand may be something it might never recover from in China.

Nestle was one brand that successfully tapped into the China market by aligning its branding to the cultural values of the country. The image of a female sparrow breeding its young in its logo evokes warm feelings of parental love in the market. This was well-received in a society where the concept of filial society is held in high regard.

To look at this issue from the opposite perspective, hilarious brand names in badly translated English can be found all over the world.

China may be a land of opportunities, but make sure you have the right localization team behind you before you venture into it!

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Establishing an Online Digital Presence for your Business – Part 2

In our previous blog post, we talked about approaches to take when setting up your corporate website. Now it is time to tell the world about your existence.

The following sections will look into ways you could heighten awareness and the visibility of your business on the digital sphere.

Search Engine Optimization
Search Engine Optimization or SEO, refers to the process of improving the visibility of a web site in search engines via unpaid or organic search results.

Standards for SEO change all the time, but as the Search Engine Market is largely dominated by Google, it would be wise to adhere closely to their SEO Standards and ensure that your website is properly Search Engine Optimized. The ultimate aim is to rank well amongst your competitors on Google.

Search Engine Marketing
While Search Engine Optimization might take a while to take shape, Search Engine Marketing is one way to guarantee impressions, at a cost-per-click rate. Platforms such as Google AdWords and Yahoo SEM allow specific ad targeting that is location and language specific. In this way you could potentially garner millions of impressions from all over the world for your website.

Joining online communities
An easy and cost effective way to spread the name of your business would be by registering at online business communities which act as online yellow pages for business professionals.

These communities will be a form of contact when prospects are looking to engage in business services. Likewise, such communities would also be a place to source for new prospects.

Email Marketing
Email Marketing would allow you to tailor your messages specifically for different groups of prospects and clients. This is a cost effective way of getting the word out to as many people as possible when there are promotions or special deals.

One thing to take note of would be the possibility of your email becoming spam. To reduce this possibility, always remember to include “[ADV]” in the subject header as well as provide options for recipients to unsubscribe in the event they do not wish to receive future emails. Being flagged as spam mail may result in your company’s domain name being blacklisted and that would not go well with the company’s reputation.

White Papers
People like free stuff and offering white papers would be one way to grab their attention. It can be in the form of articles or research papers, and in exchange anyone who wants to download the white papers would have to give their contact details. The fact that it can be downloaded for free would alone be a major pull factor, the rest would ultimately depend on the quality of your content.

White papers can be used to rhetorically influence purchasing decisions and generate sales leads in the process. Moreover, the contact details that you have gathered could be added to your database and used for future email marketing purposes.

Blog
In contrast to your corporate website, a blog gives you the liberty to take a different approach with your content. When it comes to writing in a blog, the content you offer must be interesting enough to attract a regular viewership.

Blogs can turn out to be a great platform for lead generation as readers might eventually be interested in engaging your services.

Social Networking Site
Statistics shows that social networking is the number one internet activity. Sites like Facebook have been reported to have over 500 million registered users to date.

Nowadays, almost everyone who has access to the Internet would be on some form of social network. The potential to reach almost everyone in the digital world, would alone justify why you should at least get started on social networking.

To get started, you can first set up business profiles across popular social networking sites such as Facebook and Twitter, the advantage of using social networks is that setting it up is free. However depending on the level of influence and engagement you want to gain, you might have go into planning social media campaigns. Needless to say, that requires time and monetary resources. To find out more about social media marketing, do read up “Marketing Your Brand Effectively on Social Media

Allowing your content to go viral
Leveraging on the popularity of Social Networking, you could implement social plug-ins such as “Facebook Share” or “Tweet This” on your website. These plug-ins would allow visitors to easily share web content they like with their friends on their social networking profile.

Alternatively you could also create interesting multimedia content such as videos or presentation slides. If they are interesting enough, it could go viral and potentially reach out to millions of people on the various social networking sites.

Posted in Global Content Management, Localization, Web and Technology | 2 Comments

Establishing an Online Digital Presence for your Business – Part 1

The world as we know is becoming more and more digitized, It was not too long ago when the internet could only be accessed through immovable terminals, but technology advances such as wireless internet and the prevalence of mobile computing devices has allowed the internet to become portable and more integrated into our daily lives.

The types of activities that are taking place digitally have also been increasing; shopping, banking transactions, paying of bills, and connecting with people are just some of the most common activities that are taking place online.

Why do you need an online digital presence?
With the digital evolution taking center stage, this has elevated the importance for businesses to establish an online digital presence in order not to miss out on the massive amount of opportunities that are available on the World Wide Web.

In this digital age, Businesses can no longer treat their digital presence as a luxury, but rather a core component of their business.

But I already have a website
Nowadays, anyone with basic computer skills can set up a website within minutes, thus having a website with your company’s information is not enough; without the proper practices, it would just be another one of the millions of websites out there.

In order for your business to stand out in the digital sphere, There are many factors to consider when it comes to successfully establishing your presence.

Whether you are using a basic HTML site, CMS or even simple blog template, the same principles applies; The website represents your business in the digital sphere, therefore how well it is presented would determine how well your business is going to be perceived by online visitors.

In this 2 part series, we will look at some important areas in regards to establishing an online digital presence.In today’s post we will be looking at components to consider when setting up the corporate website for your business.

Organization and Layout
In terms of viewing, it must be comfortable to one’s eyes; the layout of the website must not look too cluttered, Information should be organized in a clear and concise manner for visitors to be able to find what they want with ease.

In contrast, a website that looks cluttered and unorganized would usually have a high bounce rate, visitors would leave the site before venturing into other pages. When visitors are unable to find the require information they need with ease, it would decrease the possibility of visitors actually enlisting in the services of your business.

Design and Aesthetics
A well-designed and aesthetically appealing website would help to capture people’s attention; attributes of a well-designed website would include the use of the right colors to represent your business, an attractive user interface, well taken photographs, and other compelling graphical and video illustrations to complement a well organized website, having such elements would also help to significantly increase the interest level of any web visitor.

Ensuring compatibility with mobile devices
Advancement in mobile technology and the availability of 3rd generation mobile networks has resulted in an exponential increase in the number of people that access the internet via their mobile devices, there is therefore a need to cater to that segment of your audience.

On a side note, businesses could also consider tapping on the lucrative mobile application market by developing a mobile application that would complement or enhance their service offerings.

Language offerings
The increased global internet penetration has led to more non-English internet users, therefore it is also important that your website is able to cater to the large global audience by offering it in different languages.

This would be especially important for companies that aim to venture further out into foreign markets.

Now that you have developed your corporate website, what’s next? stay tuned to our next blog post as we continue with the processes of establishing an online digital presence.

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Building Up Public Relations in 5 Steps

Article Written by Catherine Cheong, Copywriter at Verztec Consulting

As we have examined in a previous article, Public Relations (PR) can be a valuable tool in growing a business in a foreign market. Obviously, PR efforts cannot be transplanted wholesale from the home market to a foreign one.  We take a look below on key considerations when establishing PR in a new country:

1. Fine-tune Key Messages
PR is built around key messages. These are the core content for all your communications tools and what you want the audience to remember after they have heard your speech, read your interview or visited your website. An essential instrument in positioning your company and brand, a key message is a memorable, impactful and concise sentence that tells people what you do, how you are different and what value you will provide to them.

In a foreign market, what the target audience want or value may not be the same. Therefore, your company would need to position itself differently. For branding to be effective, who you are has to be consistent. But how you are different (in this country) and what value you will provide (to this target market) has to be fine-tuned for best results.

2. Establish Media Relations Protocols
The local management is likely to be the first point of contact for the media whenever they have a query. It is important to establish what kind of media queries they should manage and what they should pass to the headquarters. Simple queries are handled more quickly and efficiently by the local management. But more complex ones relating to company strategy and image should always be controlled by the head office. Having different versions of these in different countries can impact negatively on the credibility of the company.

It is just as important to look into the way media queries are redirected. Some queries are more urgent than others, especially in crisis situations. If the head office operates in a different time zone from the local office, emergency after-office numbers of key personnel have to be made available. In the absence of information from the company, an issue can quickly be blown out of proportion in the media when the head office begins operations later.

3. Media Training for Local Management
Talking to the media is very different from talking to a customer or supplier. The media is interested in news, not your product features. In the short amount of time allocated to an interview, your spokesperson not only needs to know how to work your company or brand’s key messages around a news angle but also to stick to these messages throughout the session. An outcome that does not carry your key messages is a missed opportunity. In addition, your spokesperson needs to know how to adjust these messages to the audience. Just because he knows what he is talking about does not mean the audience does, or wants to hear about it.

Doing all of the above effectively takes training. Your local management needs to be drilled on how to handle media interviews in case they have to speak on the company’s behalf one day.

In times of crisis, prior media training is especially helpful. Your company may come under a barrage of questions from journalists, some of who might jump on and exaggerate everything your spokesperson says in order to sensationalize the story even more. Media training, which would have prepared your local management for such scenarios, would enable them to keep a cool head under such pressure and put across your company’s messages clearly and precisely.  Instead of reacting with alarm, your customers, shareholders and employees can now be reassured when they read the news.

4. Localize Press Releases
This goes beyond translating the press release into the local language. Oftentimes, a press release originating from another country has little local relevance. Sending it to the media is akin to spamming them. In such cases, it is best to investigate whether a local angle can be introduced into the press release before it is distributed.

5. Global vs. Local PR Plans
Your PR plans are now likely to fall into two categories – global and local. The former are company or brand wide publicity plans you would like your local office to execute. These are often tricky as they require brand consistency balanced with some customization for the local market. A good way to manage this is to introduce design templates for marketing collaterals. For large campaigns, some companies also develop briefing books to ensure consistency in brand promise, tone of communication and other communication elements. This is while allowing the local office to retain autonomy in deciding how to reach out to the target market, as they would know this better than the headquarters.

As the local market has its own business development needs that require PR support, local plans are also necessary. While most activities in such plans can be run autonomously, some would require support from the head office. For instance, the CEO might be needed to officiate an opening. Thus it is best to plan both the global and PR activities for the year together so that the amount of communication and other resources can be established.

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Boosting Your Branding in a Foreign Market with Public Relations

Article Written by Catherine Cheong, Copywriter at Verztec Consulting

When your company expands into a foreign market, public relations can give your business growth the extra momentum it needs. While advertising is effective in raising the visibility of your company and brands in the market, it is really public relations that establishes your credibility. After all, people tend to believe messages in the media that have not been paid for more than paid ones.

How can public relations add value to your business in a new country? Let us examine the ways:

Credibility Building
In a foreign market, you are inevitably competing against more established rivals at the beginning. It makes no difference whether your company is larger or more sophisticated in your home country or globally. The other brands are known and trusted here. Yours is not. Thus, there is a greater need to build on your credibility in a new country.

Through public relations, you can position company executives as experts in your field and attract media attention. When your company is quoted in published articles, people will see it as possessing the know-how to meet their needs. The same applies when your company executives speak at an industry conference or participate in panel discussions at these events. Your company would not be given the opportunity to enjoy such a high profile at the conference unless it is seen as a credible player in the industry by the organizer.

Applying for local awards also builds prestige for your company if it wins or earns recognition as a finalist. Many trade journals, government agencies, and professional associations sponsor annual “best of” award programs. In fact, winning a local award within the first year is one of the best ways to penetrate a market. Nothing excites people more about a product or service, or gets them to try it out, than when it is recognized by others as both novel and effective.

Educating Potential Customers
In a foreign market, the benefits of your products and services may not be as readily apparent due to different lifestyles, habits, common practices etc. A newspaper ad or TV commercial will only have enough space/time to list these benefits. Public Relations goes beyond this to explain them in detail. Through media interviews and article placements, the company can present facts, figures and scientific studies to educate potential clients on the superiority of their products and services. Interest can further be generated around the latest studies or trends to highlight the urgency of resolving or preparing for certain problems through the use of your company’s product or service.

If your product or service is the first of its kind in this market, it is not only important to interest potential customers in them but also to teach them how to use and incorporate them into their lifestyle or current practices. In such cases, a more lengthy PR campaign is necessary because more customer guidance and support is required.

Forging Relationships
Your company will have to build business relationships from scratch when you enter a foreign market. In addition to customers, this extends to the media and stakeholders like the regulatory authority, industry associations etc. To this end, your company might want to consider newsletters or blogs to engage the different groups of audiences on a continual basis. Participation in industry or community events is another avenue, along with the organization of special events. Examples of the latter include client parties, charity fund-raisers, open-house visits to your factory and public celebrations of company milestones such as your firm’s anniversary.

Attracting Investors and Partners
Business expansion is always a costly undertaking. To attract investors and franchisees in a foreign market, it is imperative that your company is seen as solid with strong profitability potential. By presenting your company as an authority quoted by the media and invited by the industry for speaking engagements, you show potential backers you are well-endorsed and supported by independent parties. Better yet, an ongoing public relations campaign helps your company craft an image as a long-term player in your business, rather than someone who is testing the waters and may not stick around. Investors like to see this type of commitment.

Public Relations may be an effective tool in your market penetration strategy. But how do you build on current public relations efforts when you expand your operations into another country? Follow this blog for the next article in this series.

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Verztec announces winner for “Create a Car Decal” contest

After a month of intense competition, the “Create a Car Decal” contest organized by Verztec Consulting has concluded. The contest received a resounding response of more than a hundred entries, garnering participation from people coming from different walks of life.

The winning tagline was chosen based on the following criteria: firstly, its relevance to the theme “Communicating across languages and culture”. Secondly, the creativity and catchiness of the tagline and finally, the originality of the tagline.

The judging panel consisted of Verztec’s CEO Mr Nicholas Goh, Director of Global Operations, Ms Jenny Woon and Marketing Manager, Ms Carrie Chen. The judges had a hard time identifying a winner as the contest received a great number of quality entries. Nevertheless, after several rounds of discussion, a winning tagline was finally singled out.

The winning entry was awarded to Chen Junwei with the tagline “Languages Drive Us Through Cultures”. Junwei will also receive the prize money of $200 in cash.

junwei

Junwei (right) - The deserving winner for Verztec's "Create a Car Decal" Contest

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