Business Services Industry

eWorld Companies, Inc. Expands IT Group for Boomerang 4.0; Confirms Rothman Resolution

Business Wire, June 25, 2009

LOS ANGELES -- eWorld Companies, Inc. (Pink Sheets: EWRC) announced today that in conjunction with the release of Boomerang Media Station® v4.0, it has expanded its tech team with the addition of two highly regarded and coveted IT professionals, Adrian Ibrom and Russ Martin. Mr. Ibrom and Mr. Martin will oversee all aspects of eWorld’s websites development, the eWorldMix social network system, the eWorld Hollywood Music Awards, the new Boomerang Video Player, and all Back Office functions, while the original team focuses on the further evolution of Boomerang 4.0 and the soon-to-be-released Customized Boomerang Media Station. eWorld CEO Henning Morales described these appointments as “a major accomplishment and a tremendous coup for our tech team.”

Mr. Morales also confirmed that eWorld has amicably resolved its differences over a long-standing billing dispute with the Law Offices of Barry K. Rothman, and confirmed Mr. Rothman’s press release dated June 22, 2009. Mr. Morales commented, “We are pleased to lay this matter to rest. We continue to have great respect for Mr. Rothman and his staff and appreciate the guidance and expertise they provided to our company, and we remain open to the possibility of doing business with his firm in the future.”

ABOUT EWORLDCOMPANIES, 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 unique and patented Boomerang Media Station® 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.

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.

Copyright Business Wire 2009
 

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