eWorld Companies, Inc. Announces Completion of Corporate Merger, Finalization of Initial Financial Reports, and Impending Upgrade of OTCQX Market Tier Status
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LOS ANGELES, Aug. 20 /-- eWorld Companies, Inc. (EWDI.PK) announced today that the Company's corporate restructuring resulting from a recent reverse merger has now been completed, and that it has also completed and is in the process of posting its initial financial statements since becoming a publicly traded company in March 2007. These filings, which are expected to be released and updated on PinkSheets.com, will also result in the immediate upgrading of eWorld's OTCQX Market Tier Status.
Commentary
In conjunction with this announcement, CEO and Chairman Henning Morales issued the following statement, "We have been working feverishly behind the scenes for many months both to finalize our corporate restructuring and in preparation for the dual upcoming worldwide marketing launches of our eWorld Entertainment, Inc. subsidiary in Hollywood (September 2007) and Marbella, Spain (October 2007). We have spent a great deal of time 'getting our ducks in a row' and we expect a great many things to come to final fruition within the next few weeks. We recognize the importance of keeping both the business marketplace and the investment community informed, yet face the challenge of so many exciting things are happening so fast at both eWorld Companies and eWorld Entertainment that it's impossible to present them in a single weekly press release. Therefore, we expect to put out several press releases each week over the coming weeks as many of these projects are finalized."
About eWorld Companies, Inc.
eWorldCompanies, Inc. is an online marketing & advertising technologies company that develops and markets cutting edge technologies using rich media, flash, animation and 3D graphics to help individuals and businesses market and advertise on the Internet. eWorldCompanies, Inc. markets and distributes these technologies through its wholly-owned subsidiary eWorld Entertainment, Inc. (eWorlde) and its International network of Affiliates, which it uses to promote its products and to grow its network of Affiliates, users and strategic partners. A similar approach has been used by companies such as Herbalife, Mary Kay and Prepaid Legal Services. However, eWorlde is unique in that it is the only company using an Affiliate network to secure software downloads. eWorlde's experienced and professional management team has been successfully involved in Network Marketing and Affiliate Marketing of Internet technologies for the past 10 years.
The Company's revenue model consists seven components: (1) Affiliation Fees; (2) Affiliate Monthly Subscriptions; (3) Affiliate Benefit Subscriptions; (4) Product Sales; (5) Advertising Revenues; (6) Web Development Accounts; and (7) International Licensing Fees.
eWorld's unique and patented Boomerang Media Station®, named for its ability to return to the user's screen no matter what web site you visit, is unique in its ability to stream rich media within the actual application. Boomerang® is a free software program that downloads and installs in seconds and then remains ever-present as the user browses the Internet, offering the user one-click access to limitless entertainment experiences and convenience benefits. The Company's goal is to acquire one million free downloads of its Boomerang® software very quickly after its official marketing launch in September 2007, to create a valuable audience for advertising. The ground- breaking WALRUS® system, which is downloaded along with Boomerang, continues to work in the background to provide assistance as the user searches, surfs or shops the Net, suggesting relevant topics, products and services based on the each user's browsing and searching habits.
Source: eWorld Companies, Inc.
CONTACT: eWorld Companies, Inc., +1-310-471-7674
Web site: http://www.eworldcompanies.com/
