eWorld Companies, Inc. Prepares Updated Financials for Elevated Pink Sheets Status
August 19 2010 - 11:01AM
Marketwired
Henning Morales, CEO of eWorld Companies, Inc., (PINKSHEETS: EWRC)
reported today that the company expects its financial team to
complete the company's year-end financial statements within the
next few days, at which time they will be uploaded to
www.otcmarkets.com (Pink Sheets). Mr. Morales stated, "As soon as
the new financials are updated the company will be granted 'Limited
Information Status' pending the completion and uploading of our
year-end Disclosure Statement. We expect the Disclosure Statement
to be finished within a couple weeks after receiving the
financials, and once that is submitted and accepted, we expect to
be further upgraded to 'Current Information' status."
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 eWorld Companies, Inc. (310)
471-7674
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