SOURCE: World Assurance Group Inc.

February 04, 2010 09:45 ET

World Assurance Group Subsidiary (WDAS.OTC) Anav Holdings Working Toward Relationships for Financing Subsidiary

New Subsidiary Is to Focus on Small and Medium Sized Businesses Around the World

NEW YORK, NY--(Marketwire - February 4, 2010) - World Assurance Group (PINKSHEETS: WDAS) announced today that its subsidiary Anav Holdings Corporation is launching a new subsidiary to focus on alternative methods of financing companies through the use of equity and PO financing. The company is evaluating offers to secure equity lines and Private Equity associations due to the increased demand by companies.

Jonathan B. Morgan, President of WDAS, stated, "We believe that there is real movement towards utilizing our equity in order to facilitate different types of financing as companies continue to struggle towards finding working capital. Additionally, we intend to look for value in any company we work with."

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

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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