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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 Mattel, Stacey McBride-Irby designed and created countless fashions and concepts for the iconic Barbie 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
T he One World Doll Project, Inc.
281-497-1311 ext.113
SOURCE: One World Holdings, Inc.
