SOURCE: eWorld Companies, Inc.

August 19, 2010 11:02 ET

eWorld Companies, Inc. Prepares Updated Financials for Elevated Pink Sheets Status

LOS ANGELES, CA--(Marketwire - August 19, 2010) -  Henning Morales, CEO of eWorld Companies, Inc., (PINKSHEETS: EWRC) reported today that the company expects its financial team to complete the company's year-end financial statements within the next few days, at which time they will be uploaded to www.otcmarkets.com (Pink Sheets). Mr. Morales stated, "As soon as the new financials are updated the company will be granted 'Limited Information Status' pending the completion and uploading of our year-end Disclosure Statement. We expect the Disclosure Statement to be finished within a couple weeks after receiving the financials, and once that is submitted and accepted, we expect to be further upgraded to 'Current Information' status." 

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. markets and distributes cutting edge Internet technologies through its wholly-owned subsidiary eWorld Entertainment, Inc. and its International network of Affiliates, users and strategic partners. eWorld's patent-pending Boomerang Media Station® features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art high-definition quality video player. Boomerang is a free software program that streams rich media within the actual application and remains ever-present as the user browses the Internet, offering the user one-click access to limitless entertainment experiences and convenience benefits. The Company's revenue model consists of six major components: (1) Advertising Revenues; (2) Affiliation Fees; (3) Affiliate Monthly Subscriptions; (4) Product Sales; (5) Technology Licensing; and (6) International Marketing License Fees. For more information visit www.eworldcompanies.com

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact Information

  • Contact:
    Henning Morales
    CEO
    eWorld Companies, Inc.
    (310) 471-7674