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eWorldCompanies, Inc. Signs Joint Venture Agreement with 4-Platinum.com, Inc. to Develop Internet-Based Pay-Per-View Entertainment Delivery System
Jun 27, 2007 (08:06 AM EDT)
LOS ANGELES, June 27 /PRNewswire-FirstCall/ -- eWorldCompanies, Inc. announced today that its wholly owned subsidiary eWorld Entertainment, Inc. (eWorlde) and 4-Platinum.com, Inc. have entered into a joint agreement to create an Internet-based, Pay-Per-View delivery system. This joint venture operation to create a Pay-Per-View greatly expands the scope of a recent press release in which the parties announced that they were integrating their technologies to provide live streaming video through eWorld's Boomerang Media Station.
This Pay-Per-View system will integrate the functions of 4-Platinum's live streaming video capabilities with eWorld's archiving and delivery technology to provide viewers with access to a wide range of premium entertainment events, including live and archived performances from such venues as BB King Night Club & Restaurant, JC Fandango Latin Nightclub, Rhythm Lounge at Club M, and others. eWorld will also provide advertising content for viewers and create a new billing and tracking interface that will allow users to access both live and archived events on a Pay-Per-View basis whenever they choose. eWorld affiliates, users and partners will be able to access this programming directly through eWorld's Boomerang Media Station, and pay for their purchases either with cash or with "eWorld Dollars," which they can accumulate through their normal eWorld activities. 4-Platinum will also promote eWorld and its technologies to its clients as an alternative payment option for its Pay-Per-View events.
In response to this announcement, Henning Morales, CEO and President of eWorldCompanies, Inc. commented, "The development of this Pay-Per-View system will take the technologies of eWorld and 4-Platinum to the next level and greatly enhance the value of the Boomerang Media Station. This new technology will allow users to access to some of today's greatest entertainment and educational events, from anywhere in the world, either live or on demand, on a simple pay-as-you-go basis. We believe that many of the top music and entertainment venues will readily embrace this concept, which allows them to greatly extend their marketing reach and viewerships. There are virtually no typological or geographical limits to the potential applications of this program, which we believe will attract a wide variety of both for-profit and non-profit affiliate partners from all around the globe who desire to provide rich media educational or entertainment programming to a targeted or widespread audience."
About eWorldCompanies, Inc.
eWorldCompanies, Inc. is an online marketing & advertising technologies company that develops and markets cutting edge technologies using rich media, flash, animation and 3D graphics to help individuals and businesses market and advertise on the Internet. eWorldCompanies, Inc. markets and distributes these technologies through its wholly-owned subsidiary eWorld Entertainment, Inc. (eWorlde) and its International network of Affiliates, users and strategic partners. eWorld's unique and patented Boomerang Media Station(R), named for its ability to return to the user's screen no matter what web site you visit, is a free software program that streams rich media within the actual application and remains ever-present as the user browses the Internet, offering the user one-click access to limitless entertainment experiences and convenience benefits. eWorld's WALRUS(R) system, which is downloaded along with Boomerang, continues to work in the background to provide assistance as the user searches, surfs or shops the Net, suggesting relevant topics, products and services based on the each user's browsing and searching habits. The Company's revenue model consists seven components: (1) Affiliation Fees; (2) Affiliate Monthly Subscriptions; (3) Affiliate Benefit Subscriptions; (4) Product Sales; (5) Advertising Revenues; (6) Web Development Accounts; and (7) International Licensing Fees.
For more information visit http://www.eworldcompanies.com http://www.eworlde.com and/or or call (310) 471-7674.
Caution Regarding Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results which are not yet available. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, the integration of acquisitions, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT: Nick Iyer of Digital Wall Street, Inc., 1-800-4-WALL-ST, foreWorldCompanies, Inc.
Web site: http://www.eworldcompanies.com/