SOURCE: One World Holdings, Inc.

September 24, 2014 09:03 ET

The One World Doll Project Announces Financing Relationship With New York Hedge Fund, Blackbridge Capital

HOUSTON, TX--(Marketwired - Sep 24, 2014) - The One World Doll Project, a subsidiary of One World Holdings, Inc. (OTCQB: OWOO), announced today that it has recently entered into an $800,000 private equity partnership with Blackbridge Capital, a New York hedge fund, and a group of private equity investors that will focus on debt reduction and balance sheet enhancement.

"Over the past 18 months, the company has taken on several large convertible notes that have had the unfortunate effect of creating derivative liabilities on our balance sheet and downward pressure on our stock price as a result of simultaneous conversions of those notes into stock at a substantial discount to market," stated Joanne Melton, CEO of One World Holdings. "By the end of the 3rd quarter we will have consolidated and eliminated several of our most expensive institutional and private convertible notes totaling over $415,000. The purpose of this initiative is to phase out at least 50% of the total company debt by the end of 2014," she added.

"We are thrilled to partner with One World Holdings while enhancing their balance sheet, increasing shareholder value, and providing advice on business plan execution," said Alexander Dillon, Co-Founder and Chief Investment Officer of Blackbridge Capital. "We are also extremely proud of the diligent efforts of the One World management team as we work together to eliminate derivative liabilities and secure key business development milestones, including the most recent achievement of locking up a premier spot at Toy Fair 2015 where the company will unveil its new line of Prettie Girls! dolls created in partnership with Robert Tonner and The Tonner Doll Company."

About The One World Doll Project

Established in 2010 by Trent T. Daniel and Stacey McBride-Irby, The One World Doll Project endeavors to make a significant positive cultural impact through the doll category. The company's beautiful dolls are unique works of art, created for a growing market yearning for something unique to experience -- a doll that both embraces contemporary girls of many races and symbolizes the women they can become. The One World Doll Project has created The Prettie Girls!™ dolls, an exciting line of multi-cultural fashion dolls, years in development, recently launched in the marketplace. The Prettie Girls!™ are unique in their look, their backgrounds and their stories, capturing the essence of values and positive attributes that every little girl can embrace. Styled for play, yet filled with soul, The Prettie Girls!™ set new, higher, values-based standards for "pretty" -- positive goals that reach across the globe and up for the stars!

For young girls, The One World Doll Project creates a doll that is a friend, a partner in play, and a glimpse of their biggest, brightest dreams. For young women, it is a symbol of who they are, how much they can achieve, and a keepsake of the best times of their lives. For connoisseurs, The One World Doll Project promises stylish works of art that will become a vital part of a valuable growing collectors' market. More information about One World Holdings, Inc., Stacey McBride-Irby, Trent T. Daniel and The One World Doll Project can be found at www.oneworlddolls.com.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above; and the Company expressly disclaims responsibility to update the information included herein for events occurring after the date hereof.

Contact Information