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[QUOTE]Originally posted by dollar13: [QB] Reports That Business Plans Are 'On Track and Ahead of Schedule' and Addresses Issues Concerning Recent Market Activity PR Newswire "US Press Releases " LOS ANGELES, April 10 /PRNewswire-FirstCall/ -- Henning Morales, CEO and President of eWorldCompanies, Inc. (OTC: EWDC), affirmed today that all the company's business plans are on track and ahead of schedule and that company executives are very optimistic about the company's near and long term prospects. eWorldCompanies, Inc. has not yet released any official financial projections. However, the company has previously announced that two of its major goals are (1) to acquire at least 1 million Boomerang downloads by the end of this year, and (2) to be profitable by the 4th quarter of 2007. These goals were reaffirmed in today's announcement. According to Mr. Morales, today's statement was released partially in response to this week's unusually large increase in trading volume. Mr. Morales commented, "In lieu of this week's extraordinary market activity, we feel it is important to address a few issues from a company standpoint. We are obviously pleased that there is an active market in our stock, but we cannot explain why there has been such a rapid increase in volume. Nor do we believe that the current price of our stock is an adequate reflection of its value. The company did begin a stock-selling program to raise capital a few days ago, but this began only after the huge increase in volume was well underway. Another factor might be the market's awareness that eWorldCompanies, Inc. just became publicly traded through a reverse merger about six weeks ago. We are still in the process of gathering all the company's past public records from the previous shell owners, including the final numbers of any preferred shares that might be converting to common and the total amount of any debt conversions. And it's also possible that some naked short selling may be taking place, something we intend to investigate. If this is occurring, the company will aggressively pursue all available avenues to pursue the issue. Meanwhile and on a very positive note, everyone at eWorldCompanies, Inc. is working diligently to create a strong company, our developmental plans remain solid and on track, and we remain excited and optimistic about both our short and long-term financial future. Our operating subsidiary, eWorld Entertainment, Inc. is aggressively moving toward its goal of becoming a major player in Network Marketing, Affiliate Marketing and Online Advertising. We have already issued several press releases informing the investment community of its ongoing activities, and we intend to issue many more of them in the coming weeks and months." ABOUT EWORLDCOMPANIES, INC. eWorldCompanies, Inc. is an online marketing & advertising technologies company that develops and markets cutting edge technologies using rich media, flash, animation and 3D graphics to help individuals and businesses market and advertise on the Internet. eWorld markets and distributes these technologies through its wholly-owned subsidiary eWorldEntertainment, Inc. and its International network of Affiliates, which it uses to promote its products and to grow its network of Affiliates, users and strategic partners. The Company's management team has been successfully involved in Network Marketing and Affiliate Marketing of Internet technologies for the past 10 years. eWorld's revenue model consists seven components: (1) Affiliation Fees; (2) Affiliate Monthly Subscriptions; (3) Affiliate Benefit Subscriptions; (4) Product Sales; (5) Advertising Revenues; (6) Web Development Accounts; and (7) International Licensing Fees. For more information visit [URL=http://www.eworldcompanies.com]www.eworldcompanies.com[/URL] and/or [URL=http://www.eworlde.com]www.eworlde.com[/URL] or call (310) 471-7674. Caution Regarding Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results which are not yet available. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, the integration of acquisitions, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward- looking statements whether as a result of new information, future events or otherwise. SOURCE eWorldCompanies, Inc. [/QB][/QUOTE]
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