The One World Doll Project Announces Payoff of Convertible Notes as Part of Debt Reduction Plan
December 04 2013 - 11:24AM
The One World Doll Project, a subsidiary of One World Holdings,
Inc. (OTCQB:OWOO), announced today that it has retired over $65,000
in convertible note financing from Asher Enterprises.
"Due to better than expected fourth quarter sales we are pleased
to announce that as of this morning One World has paid off over
$65,000 in convertible debt to Asher Enterprises thus avoiding the
potential influx of over 70 million shares into the market," stated
Joanne Melton, CEO of One World Holdings. "As revenues continue to
increase we will remain focused on our plan to build shareholder
value through the elimination of convertible debt and the
implementation of a share repurchase plan in the effort to restore
the Company's stock price back to more attractive levels," she
added.
About The One World Doll Project
During her 15 years at Mattelā¢, Stacey McBride-Irby designed and
created countless fashions and concepts for the iconic BarbieĀ®
line.
The One World Doll Project has developed an exciting line of
multi-cultural and fashion dolls that it anticipates will have a
major impact in the months ahead. The Prettie Girls! OWP doll line
is unique in their look, their backgrounds and their stories that
capture the essence of what every little girl can embrace and
relate to. The Prettie Girls! Ms. McBride-Irby, along with the One
World Doll Project, believes that little girls and their mothers
are looking for images of beauty and fashion that mirror the same
colors, shapes and physical characteristics that they themselves
possess.
More information about One World Holdings, Inc., Stacey
McBride-Irby and The One World Doll Project Story and Team can be
found at www.oneworlddolls.com.
Mattel, Barbie, So in Style and the Mattel, Barbie and So In
Style logos are trademarks of Mattel Inc., registered in the U.S.
and other countries. All other trademarks are the property of their
respective owners.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: This news release contains forward-looking
information within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended, including statements that include the words
"believes," "expects," "anticipate" or similar expressions. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results,
performance or achievements of the Company to differ materially
from those expressed or implied by such forward-looking statements.
In addition, description of anyone's past success, either financial
or strategic, is no guarantee of future success. This news release
speaks as of the date first set forth above and the Company assumes
no responsibility to update the information included herein for
events occurring after the date hereof.
CONTACT: Sarah Daniel
The One World Doll Project, Inc.
1-866-440-1470 ext. 150
sdaniel@oneworlddolls.com