October 08, 2009 09:00 ET

eWorld Companies CEO Henning Morales Completes 8-Day Promotional Tour; Reports Positive Response From Shareholder Conference Call

LOS ANGELES, CA--(Marketwire - October 8, 2009) - Henning Morales, CEO of eWorld Companies, Inc. (PINKSHEETS: EWRC), will finish an 8-day Promotional Tour today with an invitation-only luncheon in Washington, D.C. co-sponsored by eWorld Companies and the National Hispanic Foundation for the Arts (NHFA). Mr. Morales spent the previous week attending the International Film Festival in Marbella, Spain, where eWorld presented a Special Achievement Award to William Shatner, and hosting a series of private meetings in Marbella and Madrid.

The high profile luncheon was organized by NHFA CEO Felix Sanchez and Don Grenough, who has worked with and produced many charity events and raised over $250 million for charitable organizations including the "We Are the World" campaign with Michael Jackson, Save the Rainforest Foundation with Sting, 17 events with Muhammed Ali, and extensive work with American Red Cross and United Way. Mr. Morales commented, "Our company is working closely with the NHFA and we are committed to creating a charity site using eWorld technology to benefit the NHFA with the goal of providing more scholarships to the children the foundation benefits."

Mr. Morales also reported that the response from last week's shareholder conference call has been mostly positive, stating, "Although many of our shareholders were initially excited about what appeared to be a friendly and lucrative merger possibility, upon further scrutiny it became clear that acceptance of the offer as written could result in potential legal issues for the company and therefore would not be in the company's or the shareholders' best interest. With this issue behind us, the company is again free to focus 100% of its efforts on meeting our short and mid-term goals. Our management team and the majority of our shareholders remain very excited about the company's future."

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. markets and distributes cutting edge Internet technologies including its patent-pending Boomerang Media Station™, a free Internet application that features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art broadcast quality video player. eWorld has recently released Boomerang v4.0; begun marketing a Private Label Boomerang for profit and non-profit organizations; launched its eWorldMix Social Network and started accepting submissions for the upcoming 2nd annual eWorld Music Awards, all part of a coordinated plan for reaching its initial goals of one to two million Boomerang downloads and $1,000,000 monthly gross profits by early 2010. For more information visit www.eworldcompanies.com.

Safe Harbor Statement: This release contains forward-looking statements with respect to results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's 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
    (310) 471-7674