One World Holdings Raises Capital to Fund National Expansion and Convertible Note Elimination
(firmenpresse) - HOUSTON, TX -- (Marketwired) -- 03/31/15 -- The One World Doll Project, a subsidiary of One World Holdings, Inc. (OTCQB: OWOO), today announced it has raised $648,500 from a group of private investors since January 1, 2015. Additionally, One World has obtained purchase order funding commitments up to an additional $950,000. Each of these investments will provide the company with the capital required to carry out the national expansion of The Prettie Girls! and The Prettie Girls! Tween Scene dolls into big box retail stores and assist in the elimination of toxic debt as laid out in the company's debt retirement and consolidation plan announced in 2014. To date, over $200,000 realized from these investments has been used to complete another round of convertible note elimination and consolidation.
"The strides towards success that One World has made this year, especially our retail distribution deal with Amazon.com and partnership with The Tonner Doll Company, seems to be striking a positive chord with new and current investors," said Joanne Melton, One World Holdings CEO. "We attribute this investor enthusiasm primarily to our eliminating convertible notes from lenders who have a track record of aggressively selling shares into the market with little or no regard for the negative effects on the company's stock price. Our days of being funded by predatory lenders have come to an end and our stock seems to now be showing how well it can perform with the absence of excessive dilution," she added.
The Company has been buoyed by trading activity of its stock which recently achieved a price per share that represents over a 595% increase in value since January 1, 2015.
Established in 2010 by Trent T. Daniel and Stacey McBride-Irby, The One World Doll Project is committed to changing the retail landscape of the doll industry. The Prettie Girls!™, are a collection of fashion play dolls diverse in culture, interests, and style. McBride-Irby, former Mattel® designer most notably known as creator of the So In Style® dolls (the first African-American dolls by Mattel), designed The Prettie Girls! as unique works of art for a growing market yearning for something new to experience. The Prettie Girls! capture the essence of positive values and attributes that every little girl can embrace. "Prettie" stands for P(ositive) R(espectful) E(nthusiastic) T(ruthful) T(alented) I(nspiring) E(xcellent). Styled for play, yet filled with soul, The Prettie Girls! set new, higher, values-based standards for beauty- positive goals that reach across the globe and up for the stars!
More information about Stacey McBride-Irby, Trent T. Daniel, and The One World Doll Project, can be found at .
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 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 expressly disclaims responsibility to update the information included herein for events occurring after the date hereof.
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Datum: 31.03.2015 - 13:47 Uhr
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News-ID 382444
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