SOURCE: World Assurance Group Inc.

January 19, 2010 08:30 ET

World Assurance Group Subsidiary Anav Holdings Corporation to Continue to Explore Growth in the Asia-Pacific Region

The Focus Is on $600 Billion of Investment in Four Critical Infrastructure Sectors Across Asia

NEW YORK, NY--(Marketwire - January 19, 2010) - World Assurance Group (PINKSHEETS: WDAS) announced today that its subsidiary, Anav Holdings Corporation, intends to continue to explore and pursue growth in China and the Asia-Pacific region particularly by seeking to participate in the Infrastructure Asia Conference & Exhibition taking place the 14th to the 17th of April 2010, at JIEXPO, Jakarta, Indonesia.

The events are hosted by the Indonesian Govt, fully supported and in association with UNESCAP, the Asian Development Bank and the World Bank with the Official Media partners including Bloomberg TV and Asia Wall Street Journal.

The objectives of the event are to create an annual open platform for governments, financial institutions, infrastructure fund managers and businesses to voice and discuss the most important issues in developing sustainable infrastructure in Asia-Pacific (legislation, regulation, transparency in project tendering and procurement, etc.) It will give a showcase for future infrastructure projects across the region and offer G2G and G2B unique networking opportunities along with exhibiting real-estate and building industries abilities, new equipment and technologies in support of infrastructure development throughout Asia. The four critical infrastructure sectors across Asia are Energy -- Power Generation and Renewable Energy; Transport -- Roads, Railway, Sea Ports and Airports; IT and Telecommunications; Water, Irrigation and Waste Management.

In attendance will be 32 member countries of UNESCAP which will deliver a "one stop shop" of over 150 projects for global investors and potential partners to review the largest collection of Asian infrastructure projects, represented by the govt officers responsible for developing them. The commercial exhibition developed will offer Original Equipment Manufacturers (OEM) and Service Suppliers related to infrastructure development access to an anticipated 20,000+ regional industry buyers.

Jonathan B. Morgan, the president of WDAS, stated, "Growth throughout Asia cannot be ignored by our Company since there is quite a good likelihood of continuing growth for the next decade. WDAS intends to invest and bring products from North America and Europe to Asia. It is critical for WDAS to participate in the growing emerging markets in order to establish itself as a global player in sustainable building products."

About World Assurance Group Inc. (PINKSHEETS: WDAS)

World Assurance Group, through its wholly owned subsidiary ANAV Holdings Corporation, intends to participate in all areas of real estate transactions, including direct ownership, co-investment with other institutions or developers, as well as indirect participation through the acquisition of distressed debt and/or non-performing loans with the eventual goal of control of the underlying assets. For more information please visit www.anavholdings.com

About Infrastructure Asia Conference & Exhibition 2010

The "Infrastructure Asia Conference & Exhibition 2010" (IA 2010 -- www.infrastructureasia.com), will be held directly alongside and in conjunction with the UNESCAP "Asia Pacific Ministerial Conference for Infrastructure Development" (UNESCAP 2010 -- www.unescap.org) to be hosted by the Indonesian Government in Jakarta, April 14-17, 2010. Infrastructure Asia, Conference and Exhibition is a regional event dedicated to the development of sustainable infrastructure for the Asia Pacific and will be organized annually in different destinations, and is currently slated for IA 2011 -- Delhi, India; IA 2012 -- Shanghai, China; IA 2013 -- Moscow, Russia; IA 2014 -- Kuala Lumpur, Malaysia.

About UNESCAP

United Nations Economic and Social Commission for Asia and the Pacific is the regional development arm of the United Nations for the Asia-Pacific region. With a membership of 62 Governments, 58 of which are in the region, and a geographical scope that stretches from Turkey in the west to the Pacific island nation of Kiribati in the east, and from the Russian Federation in the north to New Zealand in the south, ESCAP is the most comprehensive of the United Nations five regional commissions. It is also the largest United Nations body serving the Asia-Pacific region with over 600 staff. Established in 1947 with its headquarters in Bangkok, Thailand, ESCAP seeks to overcome some of the region's greatest challenges. For more information please visit www.unescap.org.

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended and such forward-looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; the volatility of the company's operating results and financial condition; and other risks detailed in the Company's filings with the Securities and Exchange Commission. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates and projections about the company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or to changes in its expectations, except as may be required by law. Although the company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct, and investors are cautioned that actual results may differ materially from the anticipated results.

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