One World Holdings, Inc. (OWOO) Raises Capital Nee
Post# of 369
Posted On: 03/31/2015 7:25:02 PM
One World Holdings, Inc. (OWOO) Raises Capital Needed for Nationwide Expansion, Convertible Note Elimination
The One World Doll Project, a subsidiary of One World Holdings, today announced that it has successfully raised enough capital to expand its doll line nationwide and complete a round of convertible notes elimination.
Since January 1, 2015, The One World Doll Project has raised $648,500 from a group of private investors in addition to purchase order funding commitments up to an additional $950,000. Each of these investments will provide the company with the capital needed to expand the market presence of its The Prettie Girls!™ and The Prettie Girls! Tween Scene dolls into big box retail stores across the nation.
The capital will also help One World Holdings eliminate toxic debt as laid out in the company’s debt retirement and consolidation plan announced last year. To date, more than $200,000 realized from these investments has been used to complete another round of convertible note elimination and consolidation.
“The strides toward 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, CEO of One World Holdings. “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.”
One World Holdings also noted that it has largely been “buoyed” by increased trading activity of its stock, which has gained as much as 595% in value since the beginning of the year.
For more information, visit www.oneworlddolls.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
The One World Doll Project, a subsidiary of One World Holdings, today announced that it has successfully raised enough capital to expand its doll line nationwide and complete a round of convertible notes elimination.
Since January 1, 2015, The One World Doll Project has raised $648,500 from a group of private investors in addition to purchase order funding commitments up to an additional $950,000. Each of these investments will provide the company with the capital needed to expand the market presence of its The Prettie Girls!™ and The Prettie Girls! Tween Scene dolls into big box retail stores across the nation.
The capital will also help One World Holdings eliminate toxic debt as laid out in the company’s debt retirement and consolidation plan announced last year. To date, more than $200,000 realized from these investments has been used to complete another round of convertible note elimination and consolidation.
“The strides toward 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, CEO of One World Holdings. “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.”
One World Holdings also noted that it has largely been “buoyed” by increased trading activity of its stock, which has gained as much as 595% in value since the beginning of the year.
For more information, visit www.oneworlddolls.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
(0)
(0)