AUSTIN, Texas, Oct. 27, 2011 (GLOBE NEWSWIRE) -- eDoorways International Corporation (Pink Sheets:EDWYD) announced today that the Company has successfully completed a 1,000-1 reverse split in an effort to increase long-term shareholder value and secure major funding opportunities. "I'd like to start by thanking all of our long-term shareholders for sticking by eDoorways as we complete our reverse split and add significant opportunities for the Company and our shareholders," stated Gary Kimmons, CEO of eDoorways International Corporation. "While reverse splits are generally ill-perceived by the community, our shareholders have shown a great deal of support as they know this action was taken to increase our access to the capital markets as well as move forward with our audit and up listing."
The Company enacted the reverse split which became effective today, October 27th, 2011. Management indicates that since completing the necessary documentation, a number of prominent funders have stepped forward to offer their assistance in making sure the Company experiences long-term sustainable growth through this transitional period. "Now that our stock is trading at an appropriate level, we have many doors which have opened up to us and our shareholders," Kimmons continued. "Not only can our stock now be traded across the majority of brokerage platforms, we're much more poised in this position to up list to a greater exchange in a shorter period of time and become a fully reporting and transparent company in half the time we originally expected."
Insiders of the Company have indicated this new position has already offered such opportunities as potential celebrity and political endorsements, dilution-free fundraising, and an extensive marketing campaign aimed at increasing the rapidly growing eDoorways platform. "We urge all our Shareholders to contact us at anytime, kicking off our 'total transparency' campaign and continue checking out the eDoorways 2.0 platform for additional features and contests which are continuously being implemented," concluded Kimmons.
For more information on eDoorways International Corporation and/or the "eDoorways 2.0 platform," please visit our website at www.eDoorways.com or e-mail a package request to Jeffrey@HeritageCorporateServices.com. You can also make comments via the corporate blog (www.eDoorways.wordpress.com), or follow us on Twitter (http://twitter.com/edoorways).
Safe Harbor for Forward-Looking Statements:
Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.