SOURCE: EuroWork Global Ltd.

March 21, 2007 07:33 ET

EuroWork Global Ltd. Moves "Back to the Future"

TORRANCE, CA -- (MARKET WIRE) -- March 21, 2007 --The Board of Directors of EuroWork Global Ltd. (PINKSHEETS: EWKG) announced today that it is moving forward by rescinding the EuroWork Espana SA merger / acquisition. "Constant delays stemming from the issuance of Visas for Temporary Workers under the program (designed by the Spanish Group) hamper the efficacy of the operation," said Joseph Pittera, President, EuroWork Global Ltd.

Joseph Pittera also pointed out numerous requests (as required in the merger agreement) for audited financials have never been received from EuroWork Espana S A. This has further exacerbated the company's ability to develop the EuroWork Espana legal temporary worker business model. All "intellectual properties" and "assets" of EuroWork Espana SA will be returned to their original owners in exchange for those "preferred shares" issued to the Spanish entity.

The recommendations of the Board of directors to the majority shareholders have been approved by majority proxy vote. Shareholders also demonstrated their wishes to move forward with the company (PINKSHEETS: EWKG). "'Shareholder Value' would be better served by seeking out well-managed companies available for 'Purchase' or 'Merger,'" stated Pittera.

Pittera also stated, "EuroWork will be taking positive actions on behalf of the shareholders to bring audited value to its shareholders. It is and it has been our goal to be a fully reporting company."

"Forward-Looking Statements"

Forward-looking statements made in this release are made pursuant to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements made by EuroWork Global Ltd. are not a guarantee of future performance. This news release includes forward-looking statements, including with respect to the future level of business for the parties. These statements are necessarily subject to risk and uncertainty. Actual results could differ materially from those projected in these forward-looking statements as a result of certain risk factors that could cause results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties and events that may be beyond the control of EuroWork Global Ltd. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include, but are not limited to, the ability to procure, properly price, retain and successfully complete projects, and changes in products and competition.

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