SOURCE: One World Ventures, Inc.

One World Ventures, Inc.

December 07, 2010 12:09 ET

One World Ventures Inc. Announces Realignment & Focus

LAS VEGAS, NV--(Marketwire - December 7, 2010) - One World Ventures, Inc. (PINKSHEETS: OWVI) announced a realignment to focus the business on its core competencies that can be leveraged in the changing world of increased internet commerce and continued migration of under-banked Asian workers remitting money. The plan includes reorganizing the company's business units to better leverage internal competentcies, align with customer needs, expanded partnering to ensure a full portfolio of products and services; and disposition of non core assets.

The Company's business units are planned to be realigned into two, each targeting a specific customer focus area. The planned new business units, which are expected to come into effect on January 1, 2011 are:

  • 1 World Money -- a combination of existing technology products which include remittance and forrex trading, online and mobile payment solutions across international boundaries and the 1 World Card. 1 World Cash retail operations provided the Company with invaluable knowledge, insight and an understanding of the profitable components of the business. The overhead investment required to rapidly expand and complications of running an international cash based retail business have led the company to the decision that the preferred method of growth is through processing and the technology rather than retail operations. The Company has received an unsolicited cash offer for the retail operations and is currently considering it. The sale if completed will not only add revenues to the business but will immediately turn this business segment into a positive cash flow position.

  • To expand its services portfolio and to be in a position to offer complete application solutions under one roof, the company is setting up a social business technology unit. Using social intelligence to enrich the business support process, the company plans to develop a model fundamentally changing the way companies develop business initiatives, cultivate product innovation, and go to market. Demand for social business technology is increasing rapidly, as companies struggle to come to terms with managing a social media presence that spans countries, languages, social platforms and stakeholders. The company currently is in negotiations to merge with a technology company that provides Social Business functionality that injects a corporate infrastructure with a social layer to connect people, content and activities inside and outside the enterprise.

  • The Company's Tutamen manufacturing business and the IST alternative energy business have provided revenue but have failed to live up to some promising revenue streams and are no longer considered to be core to the business and its future. The Company is currently in negotiations to sell these businesses and anticipates completing a transaction by the end of 2010.

"This strategic realignment will serve as a stronger platform to drive future growth initiatives and is a natural progression for OWVI. As we create a blueprint for change, we need to exploit our existing portfolio and leverage our core competencies enhancing shareholder value," Prior, CEO of One World Ventures, said.

"Transparency is the foundation of investor confidence for any publicly held concern. As OWVI emerges from concept to reality and now prepares to accelerate its acquisition activity, routine financial disclosure is essential," said Stephen Prior, CEO One World Ventures, Inc. The Company's share capital remains unchanged at 2.5 Billion authorized and issued shares. The Company will issue audited financials in the near future; audited figures are expected to be consistent with previously disclosed revenue and earnings estimates and include those for the previously announced.

About One World Ventures, Inc.:
One World Ventures, Inc. (www.1worldventures.net) is a holding company with management resourced in Asia, and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.

Safe Harbor Statement:
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. One World Ventures, Inc. undertakes no obligation to update any such statements to reflect actual events.

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