SOURCE: iWorld Projects & Systems, Inc.

November 15, 2006 08:00 ET

iWorld Projects & Systems, Inc. Announces Formation of Global Correspondents Network for PMForum.org

DALLAS, TX -- (MARKET WIRE) -- November 15, 2006 -- iWorld Projects & Systems, Inc. (PINKSHEETS: IWPS) announced today that the Company's subsidiary PMForum.org has formed a Global Correspondents Network of "international correspondents" to provide more current news and information from around the world. PMForum.org operates www.pmforum.org, one of the world's most popular websites serving professional project management and a leading source of breaking news related to project management worldwide. The Company also produces a popular monthly online eJournal, Project Management World Today.

According to iWorld President, David Pells, "The introduction of international correspondents has provided a tremendous boost to PMForum.org. Our correspondents are now providing us with local representation in both well established and fast growing markets. More importantly, they are providing breaking news from around the world of project management, and increased global credibility, visibility and support. This program is creating a lot of buzz and momentum for the Company."

Since August 2006, the Company has added correspondents in Argentina, Australia, Brazil, the United Kingdom and the United States. Each international correspondent is an experienced project management professional with an interest in advancing the PM profession. Correspondents provide news and articles to pmforum.org, and a monthly "regional report" for PM World Today, and earn credits and commissions. Additional information about this program and current correspondents can be found at http://www.pmforum.org/pm%20forum%20team/index.htm#5.

PMForum.org administers and operates www.pmforum.org, one of the best known websites in the world of project management and one of the world's leading sources of project management news and information. PMForum.org also produces the popular monthly online PM World Today eJournal, where articles, case studies, papers and viewpoints by leading PM authorities and experts from around the world can be found. Free subscriptions are available at www.pmforum.org/subscribe.

iWorld Projects & Systems, Inc. is registered as a Business Development Company (BDC) in the USA under the Investment Company Act of 1940 and is a reporting company for SEC purposes under the Securities Exchange Act of 1934. As a BDC, the Company is engaged in the business of investing in and assisting small public and private operating companies with a focus on project management. Additional information can be found at www.iworldprojects.com.

This news release may contain forward-looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 that are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements.

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