SOURCE: WMD Holdings Group, Inc.

March 09, 2007 12:58 ET

WMD Holdings Group Releases Year End Results and Provides 2007 Growth Strategy

HUNTINGTON BEACH, CA -- (MARKET WIRE) -- March 9, 2007 -- WMD Holdings Group Inc. (PINKSHEETS: WMDH) (Worldwide Media Development Holdings Group, Inc.) announced today the release of financial results for the year ended December 31st, 2006 and provided shareholders an update on the company's growth and strategy for 2007.

Financial Results

During 2006, the company's direction focused on the three main sectors: retail financial center build out, hardware and software integration sales, and interactive broadcasting media network distribution. The Company assumed revenues from all three business lines in 2006.

Cumulative results for all these lines of business and services resulted in company revenues increasing by $2,694,661 from $2,792,339 in 2005 to net revenues of $5,487,000. For the third quarter of 2006, the company restructured operations in its retail financial sector and hardware distribution, streamlining marketing and product development, in addition to adding new lines of services to Southern California retail financial centers.

The increase in sales for the year over 2005 reflected the revenue growth in the retail financial sectors, software and hardware categories, including the sales of proprietary POS printers. In the three months ended September 30, 2006, net revenue was negatively impacted by business restructuring that began in July 2006. This restructuring included the addition of new products and services, eliminating old lines of services offered to consumers, real estate restructuring of leases, contracting and financial restructuring. During this quarter the company discontinued one retail financial center location and entered into negotiations to acquire a shipping and packaging franchise with shipping centers in Nevada.

The services in the retail financial centers include consumer related financial and telecommunication services, including payroll services, debit card services, bill payment, money transfer services, cell phone sales, prepaid services, shipping, check cashing and payday loans.

Progress and Growth into 2007

Growth plans for 2007 include the continued expansion of the retail financial center model with the combination of company owned retail financial centers, franchised shipping and packaging centers and joint ventured retail centers. The company is also acquiring a consumer loan business providing services to all the retail financial centers which it entered into negotiations with last year. Negotiations are continuing for multiple acquisitions of businesses in the distribution of related products, strategic to the shipping and retail financial centers.

"The re-alignment strategies of 2006 have geared the company for growth in 2007. We have strengthened our stock position and strategy and streamlined our operations units to focus on the retail financial models with the best mix of profitable products and services. Introducing new lines of business such as a consumer loan company and a franchise based shipping and packaging company only bolsters the value for our shareholders and provides opportunities for growth in our retail strategy," said Mr.Pillay, CEO of WMD Holdings Group. He added, "The hardware and software business units continue to provide specialized cutting edge technologies and profitability, further enhancing our position ahead of our competition. We will continue to grow our technology sector for 2007."

About WMD Holdings Group, Inc.

WMD Holdings Group, Inc. and its strategic partner companies develop turnkey solutions for financial and payment processing, prepaid services, telecommunications and interactive broadcasting networks. Distribution is conducted through a combination of company owned and operated locations and other independent sales organizations.

The new management team reflects a balance between decades of expertise, experience, business skills and strategic planning in the financial, telecommunications, technology and advertising industries. The diverse portfolio of people and products poises WMD Holdings for a successful future in multiple sectors.

The new management's allegiance to its shareholders is reflected by their actions taken during their brief tenure. To date the group's restructuring and focus on new markets, has resulted in creating a debt free company, with increased profitability on a quarterly basis. The result has been the growth of shareholder value as never experienced previously.

Management will continue to focus on profits, by a combination of further restructuring, the opening of newer markets and a series of synergistic mergers and acquisitions.

Safe Harbor Statement

The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.

Contact Information