SOURCE: One World Ventures, Inc.

One World Ventures, Inc.

October 06, 2010 10:47 ET

One World Ventures, Inc. Releases Financial Results for Period Ending June 30, 2010

LAS VEGAS, NV--(Marketwire - October 6, 2010) -  One World Ventures, Inc. (PINKSHEETS: OWVI) announced it has released financial results for the period ending June 30, 2010.

"The Company continues to show rapid growth in all sectors of the business and we are very satisfied we were able to maintain a small profitability during the quarter," Stephen Prior, CEO of the Company, commented. "Strong profits in the Tutamen Manufacturing business were offset by losses in 1WorldCash which started operation in the quarter. We expect to experience losses in 1WorldCash through the end of the year as the Company builds out its agency system and gains critical mass and takes advantage of recently negotiated settlement cost reductions. Looking ahead, as we continue to reach significant milestones, we expect revenue and business to increase significantly throughout the year as we continue to deliver shareholder value in 2010," Prior said.

"Alternative energy sales were significantly better in the second quarter but still disappointing," said Prior. "The company has not been able to take advantage of and fund certain projects. We have bid a significant number of larger projects where we are expecting but have not yet success. The Company is focusing its energy and resources on investing in and developing a proprietary product for the wind turbine business the details of which the Company expects to announce soon."

    3 Months Ended     6 Months Ended  
    June 30 2010     June 30 2009     June 30 2010     June 30 2009  
                         
One World Ventures                                
  Income   $ 583,021     $ 102,445     $ 969,992     $ 173,930  
  Gross Profit   $ 118,231     $ 33,806     $ 252,522     $ 57,396  
  Contribution to Net Income   $ 20,114     $ (22,329 )   $ 79,855     $ (73,361 )
Manufacturing & Sourcing                          
  Income   $ 202,792     $ 102,445     $ 509,838     $ 173,930  
  Gross Profit   $ 94,951     $ 33,806     $ 211,247     $ 57,396  
  Contribution to Net Income   $ 58,844     $ (8,325 )   $ 135,262     $ (40,286 )
Alternative Energy                                
  Income   $ 204,800     $ -     $ 266,729     $ -  
  Gross Profit   $ 14,336     $ -     $ 19,329     $ -  
  Contribution to Net Income   $ 4,336     $ -     $ (671 )   $ -  
Cash Remittance                                
  Income   $ 175,430             $ 193,425          
  Gross Profit   $ 8,944             $ 21,946          
  Contribution to Net Income   $ (43,238 )   $ (14,004 )   $ (54,737 )   $ (33,075 )

The Company issued a stock moratorium in the last quarter of 2009 and did not increase its share Capital for a period of 6 months; the Company set a goal to raise an additional $1.0 Million in Capital and was active in this area in the second and third quarters. The Company has not reached its goal but is not actively seeking capital at the moment while it focuses all efforts on execution and refinement of the business.

About One World Ventures, Inc.

One World Ventures, Inc. 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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