The two sentence buyout offer, "press release", or whatever you care to call it, by EWRC yesterday was able to get the stock to rise. Today people must have come to grips with reality. Who in their right mind would be willing to pony up over $100 million to buy a "company" with 6.3 billion shares outstanding? A stock that has recently undergone a 12,000 for 1 reverse split? It defies logic. The stock is down 30% and the person(s) willing to pay $.019 for a stock trading at $.0014 might consider buying some of these outstanding shares in the open market, as their appears to be an endless supply.
Thankfully the "company" issued an additional press release today although it pales in comparison to yesterdays mind boggling news. It is posted below for your reading pleasure.
Lets hope EWRC can release another vague two sentence press release updating shareholders on this $.019 "major offer" in the days to come. At the current rate of share decline they might want to start scripting that press release before weeks end.
Today's "press release":
eWorld Companies Presents 2nd Annual eWorld Music Awards
LOS ANGELES, CA, Sep 10, 2009 (MARKETWIRE via COMTEX) -- eWorld Companies, Inc. (PINKSHEETS: EWRC) proudly presents the 2nd Annual eWorld Music Awards (EMAs), the only event of its kind celebrating truly independent music, voted for by the fans!
In conjunction with this release, eWorld CEO Henning Morales stated that over the next few months the eWorld Music Awards and Show will become the company's primary focus, and are expected to play a significant role in the company's near-term goals of generating one to two million new Boomerang downloads and at least $1,000,000 monthly gross profits.
The EMA's will also introduce audiences and participants to an exciting new format geared to today's generation of artists and music lovers. Billed as the "World's Fastest Music Award Show - A One-Hour-Only Live Awards Jam," the action will be fast and furious, serving up a live musical performance of a premier Indie band plus 10 live performances by nominees, and delivering 13 separate awards, all in a one-hour broadcast. The live event, which will take place during Grammys week on January 29, 2010, will be broadcast worldwide via the Internet and possibly as a one-hour live television event as well.
The EMAs will be held at the famed Barker Hangar in Santa Monica, California, which has played host to some of the most exclusive events in Southern California, including The Vibe Awards, People's Choice Awards and TV Land Awards. Live music performances and celebrity appearances will highlight this star-studded gala. Prior to the show, fans will vote online; the top three artists in each category will go to the live show and perform. The EMAs will also recognize the groundbreaking forces that have been influencing this movement with a Cutting Edge Award for Lifetime Achievement and an Industry Innovator Award.
Music submissions are being accepted now at www.eworldmusicawards.com. Nominee selection will be made by a Blue Ribbon Panel of singers, songwriters, producers, and other music industry professionals based on originality and overall quality of each submission. In late November the Panel will begin selecting the top nominees in each category to advance to a final audience voting round. Audience voting will begin online on December 15, 2009, and will remain open up to five minutes before the announcement of each winner at the Awards show. Cash prizes will be awarded to the winners from each category.
ABOUT EWORLD COMPANIES, INC.
eWorld Companies, Inc. markets and distributes cutting edge Internet technologies through its International network of Affiliates, users and strategic partners. eWorld's patent-pending Boomerang Media Station(TM) is a free Internet application that features exclusive and third-party movies, music videos, webcasts and other streaming video content delivered via its unique state-of-the-art broadcast quality video player.
For further information visit 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.
Contact:
Henning Morales
CEO
(310) 471-7674
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