SOURCE: eDOORWAYS Corporation

eDoorways Corporation

May 03, 2010 08:00 ET

eDoorways Announces Its First Revenue Generation Steps as Positive

AUSTIN, TX--(Marketwire - May 3, 2010) -  The eDoorways Corporation (PINKSHEETS: EDWY) is experiencing a positive market response for its Internet based service offering, www.eDoorways.com. The Company is in the process of closing several significant revenue generating agreements associated with PowerKey channels. 

eDoorways attributes its strong initial marketing success to the recent unveiling of PowerKey channels at South by Southwest (SXSW). The Company began its initial marketing campaign at the SXSW exposition and tradeshow in Austin, Texas in mid March. The reaction to PowerKey channels was extremely positive, with a number of large organizations indicating their desire to create channels.

According to Gary Kimmons, CEO of eDoorways, "A PowerKey channel is a specially-dedicated channel now available to interested individuals, businesses, organizations, special interest groups and associations. It enables groups of people with common interests or business affiliations to have a specific environment to find and interact with each other. For example, a car club that wishes to provide a new level of service and connectivity to its members can do so with a PowerKey channel. With the PowerKey channel, the club can offer its members unlimited PowerKey usage, chat interactivity, and in the near future, media exchange and two-way video streaming. This is a unique and highly attractive package, with many companies seeing a new, innovative way to reach and service their market.

Kimmons continued, "A PowerKey channel can be public, where anyone can have the option of joining, or they can be private where the member list will be controlled and only visible to the members of that channel."

The Company believes that PowerKey channels offer a unique opportunity for the creation of a viral marketing context. The fundamental driver of the eDoorways collaborative platform is that there is an opportunity for people to connect and engage in beneficial commerce and discourse irrespective of whether they know each other. eDoorways is marketing its PowerKey channels to large businesses and entities with constituents already having a strong, established reason for collaborating. By attracting such entities, eDoorways can enjoy the mutual benefit of further enhancing the collaborative nature of its social network environment while adding a large number of participants. 

All members of the public or private channels will have access to the main eDoorways site (www.eDoorways.com) and when groups are loaded in by the tens of thousands, the eDoorways user base could grow at a break neck pace bringing immediate value to the platform.

Ann Collins, eDoorways Social Media Consultant and Solve Project Manager states, "We're negotiating several revenue generating agreements at this time with organizations bringing user lists as much as 20,000 members. These lists will ultimately allow us to garner substantial revenues from PowerKey rentals and in the very near term, additional revenue sources through subscription versions of the PowerKey channels. To date, many organizations have shown great interest in our subscription version; affording these major companies an interactive view of the PowerKey channel on their own website."

It's expected that PowerKey channel revenues will be strong. eDoorways' revenue model calls for it to receive monthly fees from individuals using the channels who wish to pay to be notified when someone is trying to connect with them. The Company believes that these fees can total at least $4,000 to $8,000 per month for each group of 10,000 people who elect to use a channel. 

The company is currently negotiating the closure of its first corporate arrangement -- potentially delivering a near 30,000 users to the first Powerkey channel. 

About eDoorways Corporation

For more information on eDoorways Corporation and/or the "eDoorways" initiative, please e-mail a package request to info@eDoorwaysCorp.com. You can also visit our corporate website at www.eDoorwaysCorp.com, make comments via the corporate blog (www.eDoorways.wordpress.com), follow us on Twitter (http://twitter.com/edoorways), or call toll free at (866) 482-3829.

Safe Harbor

Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.

Contact Information

  • For further information, contact:

    At The Company:
    eDoorways Corporation
    Investor Relations
    (866) 482-3829