HOUSTON, Dec. 4, 2013 (GLOBE NEWSWIRE) -- The One World Doll Project, a subsidiary of One World Holdings, Inc. (OTCQB:OWOO), announced today that it has retired over $65,000 in convertible note financing from Asher Enterprises.
"Due to better than expected fourth quarter sales we are pleased to announce that as of this morning One World has paid off over $65,000 in convertible debt to Asher Enterprises thus avoiding the potential influx of over 70 million shares into the market," stated Joanne Melton, CEO of One World Holdings. "As revenues continue to increase we will remain focused on our plan to build shareholder value through the elimination of convertible debt and the implementation of a share repurchase plan in the effort to restore the Company's stock price back to more attractive levels," she 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.
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: Sarah Daniel The One World Doll Project, Inc. 1-866-440-1470 ext. 150 email@example.com
Source:One World Holdings, Inc.