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Updated Financials in Process as eWorld Companies Prepares for Upgrade to Current Information Status

^{Published on 2009-11-02 08:05:42 - Market Wire}
 

LOS ANGELES, CA--(Marketwire - November 2, 2009) - eWorld Companies, Inc. (PINKSHEETS: [ EWRC ]) announced today that its financial team is nearing completion of the updated financials and internal audits required to qualify the company for Pinksheets Current Information status. All financial information has been accumulated and the final corporate disclosure statements are now being prepared by the company's legal team, with the expectation of delivery to Pinksheets within thee next week. CEO Henning Morales stated, "We are very pleased to make this announcement. Our original plans were to retain Hillbroy Advisory to assist us in this process, and when those plans did not materialize, we were able to quickly secure alternate resources to get the job done in a timely manner."

The company also reported that it will be issuing new and updated information about its upcoming eWorld Music Awards Show within the next few days.

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. markets and distributes cutting edge Internet technologies through its wholly-owned subsidiary eWorld Entertainment, Inc. and its International network of Affiliates, users and strategic partners. eWorld's patent-pending Boomerang Media Station® features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art high-definition quality video player. Boomerang is a free software program that streams rich media within the actual application and remains ever-present as the user browses the Internet, offering the user one-click access to limitless entertainment experiences and convenience benefits. The Company's revenue model consists of six major components: (1) Advertising Revenues; (2) Affiliation Fees; (3) Affiliate Monthly Subscriptions; (4) Product Sales; (5) Technology Licensing; and (6) International Marketing License Fees. For more information visit [ www.eworldcompanies.com ].

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of eWorld Companies, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.