Updated Financials in Process as eWorld Companies Prepares for Upgrade to Current Information Status
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Mon, 02 Nov 2009 15:56:01 GMT |
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eWorld Companies, Inc. |
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Press Release |
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LOS ANGELES, CA -- 11/02/09 --
eWorld Companies, Inc. (PINKSHEETS: EWRC)
announced today that its financial team is nearing completion of the
updated financials and internal audits required to qualify the company for
Pinksheets Current Information status. All financial information has been
accumulated and the final corporate disclosure statements are now being
prepared by the company's legal team, with the expectation of delivery to
Pinksheets within thee next week. CEO Henning Morales stated, "We are very
pleased to make this announcement. Our original plans were to retain
Hillbroy Advisory to assist us in this process, and when those plans did
not materialize, we were able to quickly secure alternate resources to get
the job done in a timely manner."
The company also reported that it will be issuing new and updated
information about its upcoming eWorld Music Awards Show within the next few
days.
ABOUT EWORLD COMPANIES, INC.
eWorld Companies, Inc. markets and distributes cutting edge Internet
technologies through its wholly-owned subsidiary eWorld Entertainment, Inc.
and its International network of Affiliates, users and strategic partners.
eWorld's patent-pending Boomerang Media Station® features exclusive and
third-party movies, music videos, webcasts and other streaming video
content delivered via its unique state-of-the-art high-definition quality
video player. Boomerang is a free software program that streams rich media
within the actual application and 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 revenue model consists
of six major components: (1) Advertising Revenues; (2) Affiliation Fees;
(3) Affiliate Monthly Subscriptions; (4) Product Sales; (5) Technology
Licensing; and (6) International Marketing License Fees. For more
information visit www.eworldcompanies.com.
Safe Harbor Statement: This release contains forward-looking statements
with respect to the results of operations and business of eWorld Companies,
Inc., which involves risks and uncertainties. The Company's actual future
results could materially differ from those discussed. The Company intends
that such statements about the Company's future expectations, including
future revenues and earnings, and all other forward-looking statements be
subject to the "Safe Harbors" provision of the Private Securities
Litigation Reform Act of 1995.
Contact:
Henning Morales
CEO
(310) 471-7674
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