Home Shopping Latino, Inc. (HSPG.PK) to Import Gems through MadAmerican Exports
Home Shopping Latino Inc. is launching the only network of its kind – a QVC-style shopping channel aimed at the Hispanic market. Targeting the United States in early 2010, the channel will be aired under the name of ViVa Telecompras. The company intends to sell products such as jewelry, gemstones, vitamins and beauty care items from third-party merchandisers. Several weeks ago, the company announced an agreement with MadAmerican Exports Inc. to import sapphires, rubies, emeralds, garnets, tourmaline and other precious gems from the nation of Madagascar. This country is an Indian Ocean island nation off the east coast of Africa…