ONE WORLD CEO: WERE MERGING WITH TONNER DOLL
COMPANY!
Houston, TX -- December 3, 2015 -- InvestorsHub NewsWire -- One
World Holdings, Inc. [OTCPink:OWOO]
and Tonner Doll Company, Inc., today announced that their Boards of
Directors have approved a definitive agreement for The One World
Doll Project (a subsidiary of One World Holdings) to merge with
Tonner Doll Company. The agreement was entered into on December 2,
2015. The agreement is a friendly, stock-for-stock transaction in
which 100 percent of Tonner Doll Companys 145,200,000 shares
outstanding will be converted into an equal number of shares of One
World Holdings. Each Tonner Doll Company share will be exchanged
for 1 share of One World Holdings common stock, resulting in Tonner
Doll Company shareholders owning approximately 15% percent of One
World Holdings common stock upon closing. Also following the
closing of the merger, The One World Doll Project will change its
name to Tonner One World to reflect the combined business of both
companies. Under the definitive agreement, all assets, licenses and
contracts of both companies will become the property of Tonner One
World, which will remain a wholly owned subsidiary of One World
Holdings, which will file with FINRA and the state of Nevada to
change its name to Tonner One World Holdings, Inc.
As a component to the merger, a Connecticut based private equity
firm that has been a primary funder of One World Holdings for the
past three years has agreed to fund the company with an additional
$750,000, and plans continue to fund One World Holdings until it
completes a proposed $5,000,000 round of private equity financing.
In connection with the definitive agreement, One World Holdings
will increase its authorized shares to 1.6 billion shares, which
management believes will facilitate the merger transaction and
permit One World Holdings to collateralize the $750,000 funding, as
well as provide shares potentially needed to facilitate the private
offering.
"The combination of The One World Doll Project and Tonner Doll
Company creates an exciting opportunity for our company, for our
customers, and for our shareholders," said Corinda Joanne Melton,
President and CEO, One World Holdings. "In addition to creating a
world-class toy company, this is a compelling financial and
strategic transaction for our shareholders, she added. Robert
Tonner and his team have created a multi-million dollar collector
doll company that, combined with One World, has the foundation for
massive future growth, new product development and maximization on
current licenses to create product for some of Hollywoods biggest
television and film projects.
"This combination creates a company that delivers maximum value
for us and we are thrilled to be joining forces with the amazing
team at One World, said Robert Tonner, CEO of Tonner Doll
Company.
Management of both companies believe that the new toy company,
which will be led by CEO Corinda Joanne Melton, President Robert
Tonner and COO, Jack Kralik, will generate multiple benefits,
including an accelerated deployment of products into big box retail
stores and innovative ventures into ancillary properties " such as
character licensing, children's television programming,
apparel, accessories and publications.
Through the merger, Tonner One World will acquire Tonner Doll
Companys approximately 15 thousand customers. The merger agreement
between The One World Doll Project and Tonner Doll Company has
received board and shareholder approval from both companies, and is
subject to customary conditions and is expected to close during the
first quarter of 2016.
For more information about the merger, hear interviews with
company executives about Tonner One World, log onto
tonneroneworld.com.
About The One World Doll Project:
Established in 2010, The One World Doll Project, a subsidiary of
One World Holdings, Inc. (OTCQB:
OWOO) is committed to changing the retail landscape of the doll
industry. The Prettie Girls! (Positive Respectful Enthusiastic
Talented Truthful Inspiring Excellent), The One World Doll Projects
debut collection, is a line of fashion play dolls that are diverse
in culture, interests, and style. Founders Trent T. Daniel and
Stacey McBride-Irby, a former Mattel designer who designed Mattels
first authentically designed African-American dolls, developed the
Prettie Girls! to capture the essence of positive values and
attributes that every little girl can embrace.
About Tonner Doll Company:
Tonner Doll Company, founded by Robert Tonner in 1991, is an
established collector doll enterprise based in New York. The
company has earned an esteemed reputation for creating the highest
quality and most detailed collectible doll and accessories. Tonners
products have been displayed in the Louvre complex and his
immaculately proportioned creations have earned him the rights to
bring: The Wizard of Oz, Harry Potter, The Big Bang Theory,
Twilight, Avatar, Superman, Spider-Man, Gone With the Wind, and
myriad other film, television and comic book characters to
exquisite life worldwide.
For investor relations,
One World Holdings, Inc.
ir@oneworlddolls.com
(281) 497-1311
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions.
Additionally, statements relating to the performance of One World
Holdings or Tonner One World following the merger, capital or
funding to be raised by either of the companies in connection with
or following the merger, the realization of new customers, future
development of business opportunities following the merger, and the
valuation or increased valuation of either company following the
merger, or similar statements all constitute forward-looking
statements. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of the Company to
differ materially from those expressed or implied by such
forward-looking statements. In addition, description of
past-success, either financial or strategic, is no guarantee of
future success. This news release speaks as of the date first set
forth above; and the Company expressly disclaims any responsibility
or intention to update the information included herein for events
occurring after the date hereof.