EWRC - And The Joke Continues

EWRC's press release today put a smile on my face. The headline from today:


eWorld Companies CEO Henning Morales Completes 8-Day Promotional Tour; Reports Positive Response From Shareholder Conference Call

Promotional Tour? Since when did EWRC turn into a rock band? Did I miss that PR? Are they going to open for Hannah Montana next year? Now that would make a nice press release to pump this worthless stock.

Positive Response from Shareholders? Losing almost all your money does not make a positive shareholder, oh wait, but later on in the press release you state that most of your shareholders are excited, not all. Seeing as after each reverse split and subsequent share issuance spree, the majority of the shareholders are company insiders, they are most certainly happy to be able to dump billions of shares a year on unwitting investors, hence the positive response. So they aren't lying, the insiders holding the majority of shares are positive and excited.... all the way to the bank!



Although many of our shareholders were initially excited about what appeared to be a friendly and lucrative merger possibility, upon further scrutiny it became clear that acceptance of the offer as written could result in potential legal issues for the company and therefore would not be in the company's or the shareholders' best interest. With this issue behind us, the company is again free to focus 100% of its efforts on meeting our short and mid-term goals. Our management team and the majority of our shareholders remain very excited about the company's future.


Upon Further Scrutiny? Hold on a second. You had to send the absolutely ludicrous and preposterous $.019, $125 million offer from an SEC suspended $.0001 company with $61,000 in total cash, to your lawyers to figure out it wasn't legitimate? So if I called up EWRC management and said I wanted to buy the company for $18 trillion would you need to send that offer to your lawyers before figuring out if it was legitimate? Talk about stupidity. Of course press releasing that obviously false offer did prop up the stock enough so you could dump billions of shares into the market at much higher prices then you are accustomed to. Who needs to accept an obscene and blatantly false offer when just press releasing it will have the desired effect.

As I type EWRC has 6 market makers willing to buy shares at $.0006.  I doubt any of you will be that lucky to have a chance to get out at these prices again... at least before the next reverse split.

Let's see what EWRC has up their sleeve now.  A press release claiming approval for a share buy back or authorized share reduction might just do the trick to squeeze what's left of this dying stock.

We are waiting for our next laugh.


eWorld Companies CEO Henning Morales Completes 8-Day Promotional Tour; Reports Positive Response From Shareholder Conference Call Market Wire    "US Press Releases "
LOS ANGELES, CA -- (MARKET WIRE) -- 10/08/09 -- Henning Morales , CEO of eWorld Companies, Inc. (PINKSHEETS: EWRC), will finish an 8-day Promotional Tour today with an invitation-only luncheon in Washington, D.C. co-sponsored by eWorld Companies and the National Hispanic Foundation for the Arts (NHFA). Mr. Morales spent the previous week attending the International Film Festival in Marbella, Spain , where eWorld presented a Special Achievement Award to William Shatner , and hosting a series of private meetings in Marbella and Madrid .

The high profile luncheon was organized by NHFA CEO Felix Sanchez and Don Grenough , who has worked with and produced many charity events and raised over $250 million for charitable organizations including the "We Are the World" campaign with Michael Jackson , Save the Rainforest Foundation with Sting, 17 events with Muhammed Ali , and extensive work with American Red Cross and United Way . Mr. Morales commented, "Our company is working closely with the NHFA and we are committed to creating a charity site using eWorld technology to benefit the NHFA with the goal of providing more scholarships to the children the foundation benefits."

Mr. Morales also reported that the response from last week's shareholder conference call has been mostly positive, stating, "Although many of our shareholders were initially excited about what appeared to be a friendly and lucrative merger possibility, upon further scrutiny it became clear that acceptance of the offer as written could result in potential legal issues for the company and therefore would not be in the company's or the shareholders' best interest. With this issue behind us, the company is again free to focus 100% of its efforts on meeting our short and mid-term goals. Our management team and the majority of our shareholders remain very excited about the company's future."

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. markets and distributes cutting edge Internet technologies including its patent-pending Boomerang Media Station™, 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. eWorld has recently released Boomerang v4.0; begun marketing a Private Label Boomerang for profit and non-profit organizations; launched its eWorldMix Social Network and started accepting submissions for the upcoming 2nd annual eWorld Music Awards, all part of a coordinated plan for reaching its initial goals of one to two million Boomerang downloads and $1,000,000 monthly gross profits by early 2010. For more information visit www.eworldcompanies.com.

Safe Harbor Statement: This release contains forward-looking statements with respect to results of operations and business of eWorld Companies, Inc. , which involves risks and uncertainties. The Company's 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