SOURCE: eDOORWAYS Corporation

February 17, 2009 10:15 ET

eDOORWAYS Achieves Financial Restructure

You, and the Power of the World

AUSTIN, TX--(Marketwire - February 17, 2009) - eDOORWAYS (PINKSHEETS: EDWY) announces that it has successfully restructured its debt with the company's primary creditor, The N.I.R. Group, LLC. Back in September of 2008, the company had announced that it was in high-level discussions with N.I.R. about the possible restructuring intended to increase the financial flexibility of the Internet Company.

eDOORWAYS' ability to initially develop its brand was an opportunity granted by N.I.R. Through a small capital infusion from the New York private investment group, the company secured a top award-winning Microsoft partner, speakTECH (www.speakTECH.com), to design the brand's platform. Now, N.I.R. is providing eDOORWAYS with a second opportunity. "The restructuring of the company's debt is an essential component in our moving toward a successful launch," said Gary Kimmons, CEO of eDOORWAYS. "N.I.R.'s faith in our brand, and their generosity, has strengthened our ability to raise additional capital; not simply for the launch, but more importantly, to sustain the venture thereafter."

The restructured deal was negotiated by Envision Capital, LLC. The Florida-based boutique venture and advisory firm provides advice on mergers and acquisitions, strategic alliances, reverse mergers, structured financings and restructurings. Recruited by eDOORWAYS' lead consultant AJENE WATSON, LLC., Envision proved to be the correct choice in this liaison. Eric Noveshen, managing director of Envision Capital LLC, in a discussion with analysts, said, "I've always believed that this deal will be mutually benefiting. N.I.R. should ultimately see greater returns on its investment in eDOORWAYS. Similarly, eDOORWAYS now has access to multiple capital raising avenues which should greatly lend to its impending launch."

Restructuring deals isn't an everyday occurrence for pink sheet companies. Generally, there is too much at risk from an investor's point of view. Yet, there are those rare occasions where if an opportunity's theory and/or fundamentals are substantially sound enough, the stronger more financially fit private investment groups are generally willing to grant a venture the necessary time to get off of the ground. N.I.R. appears to be that firm and EDWY, seemingly the right opportunity.

Both groups are very optimistic that their new deal will bear fruit should eDOORWAYS continue making strides.

About eDOORWAYS Corporation

For more information on eDOORWAYS Corporation and/or the "eDOORWAYS" initiative, please e-mail a package request to info@edoorways.com. You can also visit our website at www.edoorways.com, make comments via the corporate blog (www.edoorways.wordpress.com) 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
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