One World Holdings Receives $500K Investment From Private Equity Firm
March 21 2014 - 9:15AM
Marketwired
One World Holdings Receives $500K Investment From Private Equity
Firm
Use of Proceeds Will Be to Acquire Inventory for Fulfillment of
Big-Box Retail Orders From Toy Fair 2014, Expansion of Online
Social Media Branding and Debt Reduction
HOUSTON, TX--(Marketwired - Mar 21, 2014) - ONE WORLD HOLDINGS,
INC. -- The One World Doll Project, a subsidiary of One World
Holdings, Inc. (OTCQB: OWOO) today announced that it has entered
into an agreement pursuant to which a Santa Fe, New Mexico private
equity group will invest $500,000 into the company.
"Today's announcement represents a significant vote of
confidence in The One World Doll Project by this group of
preeminent, long-term investors," said Joanne Melton, One World
CEO. "This financing has provided an immediate cash injection
on terms more favorable to One World Holdings, thus allowing for
systematic reduction and elimination of existing convertible note
financing that, upon conversion, could have resulted in the influx
of millions of shares into the market," she added.
"One World recently presented at the International Toy Fair in
New York City and has secured a retail distribution deal with a
multi-billion dollar retail chain with stores in the United States
and Mexico. We are now finalizing orders with other big-box and
online retailers that we met with at Toy Fair 2014 and are
preparing for the rollout of three new Prettie Girls! dolls to hit
retail shelves and online distributors in time for the Christmas
2014 buying season," commented Trent T. Daniel, Founder of The One
World Doll Project. "This $500,000 infusion of capital is a direct
result of the performance of One World at Toy Fair 2014 and the
rapidly expanding media coverage and online popularity of the
Prettie Girls! brand," he 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. Ms. McBride-Irby is the Chief Product Development
Officer and a director at One World Holdings.
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: Charley Echiverri The One World Doll Project, Inc.
281-497-1311 ext.113
charley@oneworlddolls.com