eWorld Companies, Inc. Expands IT Group for Boomerang 4.0; Confirms Rothman Resolution
June 25 2009 - 8:00AM
Business Wire
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.
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