SOURCE: Inform Worldwide Holdings, Inc.

October 29, 2006 20:06 ET

Inform Worldwide Holdings, Inc. Announces Possible Joint Venture and Acquisition

LAS VEGAS, NV -- (MARKET WIRE) -- October 29, 2006 -- Inform Worldwide Holdings, Inc. (OTCBB: IWWI) (the "Company") announced today that the Company and certain entities controlled by the Company's CEO ("JV Partner") are exploring a possible joint venture. The JV Partner currently holds leasehold interests to oil wells in Archer County, Texas and surface coal rights in Pennsylvania. As a joint venture partner, the Company would be required by a proposed joint venture agreement to supply the capital needs of the joint venture to exploit and develop the leasehold interests that the JV Partner contributes to the joint venture. Preliminary due diligence is underway to determine the feasibility of the joint venture. No assurance can be given that the Company will enter into the joint venture or that the Company will be able to fulfill its obligations under a proposed joint venture agreement.

The Company is also in initial discussions regarding the acquisition of a majority interest in New Elk Coal Company, LLC ("New Elk"). New Elk currently has approximately 30 million tons of proven recoverable reserves of metallurgical coal and an on site coal processing plant which can process two million tons per year. No assurance can be given that the Company will enter into an agreement with New Elk or that the Company will be able to fulfill its obligations under a proposed agreement.

About Inform Worldwide Holdings, Inc.:

Inform Worldwide Holdings, Inc. (OTCBB: IWWI) is a development stage company currently in process of identifying, developing, and marketing global business opportunities with emphasis on natural resource development and servicing.

About New Elk Coal Company, LLC:

New Elk Coal Company, LLC currently holds ownership and operating permits for the New Elk Coal mine located in Las Animas County, Colorado.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, the statements in this news release are forward-looking statements that involve risks and uncertainties and are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in the future periods to differ materially from forecasted results.

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