eWorld Update
May 11 2009 - 2:00PM
PR Newswire (US)
eWorld Companies, Inc. Responds to Allegations of Previous Counsel
LOS ANGELES, May 11 /PRNewswire-FirstCall/ -- Henning Morales,
Chairman and CEO of eWorld Companies, Inc. (Pink Sheets: EWRC.PK),
has issued the following response to recent allegations made by
Barry K. Rothman, the company's previous counsel. "The law offices
of Barry K. Rothman served as eWorld's Corporate Counsel for eWorld
Companies, Inc. for over one year during the formation of the
company. Unfortunately, we ended the relationship with Mr.
Rothman's firm with a dispute over the amount of a final bill,
which has since been negotiated and agreed upon. Although eWorld
Companies, Inc. has paid over $110,000 to date to Barry K Rothman,
there remains an additional unfulfilled amount due that the company
intends to resolve in a timely fashion. eWorld's current attorney
continues the discussion and settlement process with the law
offices of Barry K. Rothman. We do appreciate our relationship with
Barry Rothman and his staff for all the work done. We thank Mr.
Rothman and his staff for the guidance and expertise to help our
growing company mature. Once we complete our business, we wish
Barry Rothman only the best and hope there is a possibility to do
business with his firm in the future. The company looks forward to
resolving this matter amicably in the short term." ABOUT EWORLD
COMPANIES, INC. eWorld Companies, 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's revenue model consists of 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 http://www.eworlde.com/
and/or http://www.eworldcompanies.com/ or call (310) 471-7674. 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. DATASOURCE: eWorld Companies, Inc. CONTACT:
Henning Morales, CEO of eWorld Companies, Inc., +1-310-471-7674 Web
Site: http://www.eworldcompanies.com/
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