SOURCE: eDOORWAYS Corporation

eDoorways Corporation

October 19, 2009 09:00 ET

eDoorways Releases Third Video Vignette, and Provides New Updates to Shareholders

Part Three in a Series of Vignettes Inform Audiences About eDoorways' Business Model and Services While Greater Insight Is Given Regarding Next Phases of Soft Launch and Company's Financial Health

AUSTIN, TX--(Marketwire - October 19, 2009) - eDoorways Corporation, (PINKSHEETS: EDWY), has released its "Benefits to Small Businesses" video vignette. This is the third in a series of video vignettes aimed at introducing eDoorways' platform, educating its target audience on the functionality and uses of its doorways, as well as communicating the company's progress to shareholders.

In this video, Gary Kimmons, Chairman & CEO of the eDoorways Corporation explains, "The objective of eDoorways is to allow the small businesses that may have limited resources to make the best use of those resources so that they can compete with the big guys."

eDoorways believes that of the approximately 15,500 small businesses operating in Austin, the majority of them would make prime eDoorways business customers. With well over 200 businesses currently signed up since the company launched its first phase of the "SOLVE" doorway soft launch with the unveiling event on October 1, 2009, eDoorways is quickly moving into the remaining phases.

"The process of forming the SOLVE focus groups is kicking off this week with a survey to be emailed to all businesses, consumers, and experts who have signed up with eDoorways," says Ann Collins, the company's Social Media Marketing Consultant and Project Manager for "SOLVE." Collins continues, "The focus groups for this phase will be formed quickly allowing the company to receive feedback from members on the new user interface within a couple of weeks."

"Now is the time where functionality will be measured," stated Kimmons. "If third round modifications are required, we will take this opportunity to acknowledge all suggestions and quickly make the necessary adjustments and enhancements."

Provided the feedback received requires minimal changes, eDoorways foresees bringing a fully functional consumer version of "SOLVE" to market much sooner than anticipated. Should this be the case, the company intends to immediately launch its beta version of the "SOLVE" doorway, possibly setting a date prior to year end.

People close to the company believe eDoorways to be in a position of strength, making it extremely plausible to not only roll through the remaining phases of the soft launch quickly, delivering a consumer version of "SOLVE" in December, but possibly launching a beta version of the platform by year end as well. As Gary Kimmons alludes to at the end of the unveiling presentation, the company has been and will continue to be capitalized; he foresees no problems with completing the company's mission.

As it pertains to the company's financial health, Mr. Dan Bensimon, Senior Financial & Accounting Specialist, offers the following. "Through today, the company has raised an additional three quarters of a million dollars through friendly sources as necessary to attain the company's soft launch goals. It has also attracted the services of very talented technology and other professionals to build the platform and manage and finance the company through the issuance of approximately $500k in restricted stock. The company has meticulously managed and dedicated all of its funds to the development of both the platform and company. With the continued assistance of current financial resources, along with the new financial sources identified for future financing, eDoorways should have the financial capacity to bring the beta version of the platform to market."

With close to $1.5 million additional dollars raised, the company does not seem to be at risk of missing any set milestones; and should the video vignettes continue to make a splash, by the time the consumer and/or beta version of "SOLVE" is released this year, sources close to the company believe there will be over 1,000 users signed up -- ready to begin engaging in "real-time" interactions.

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

  • Contact:
    For further information, contact:
    At The Company:
    eDoorways Corporation
    Investor Relations
    (866) 482-3829