ONE WORLD HOLDINGS FILES FORM 8-K ANNOUNCING FORMATION OF TONNER-ONE WORLD
26 February 2016 - 2:00PM
InvestorsHub NewsWire
ONE WORLD HOLDINGS FILES
FORM 8-K ANNOUNCING FORMATION OF
TONNER-ONE WORLD
ONE WORLD
HOLDINGS, INC. -- Houston, Texas -- February
26, 2016 -- InvestorsHub NewsWire -- The One World Doll
Project, subsidiary of One World Holdings, Inc. [OTCQB:
OWOO] announced that on February 25, 2016 the company filed a
Current Report on Form 8-K with the U.S. Securities and Exchange
Commission detailing the formation of a new company, Tonner
One-World, a Texas Corporation and wholly owned subsidiary of One
World Holdings, Inc. The Report also disclosed that the new
company is in the final stages of securing a multi-year licensing
deal with a major television and film studio, the decision to
cancel a previously announced proposed merger, and terminate the
merger agreement, with The Tonner Doll Company in order to pursue
business under Tonner-One World.
Following the execution of
the Merger Agreement on December 2, 2016 and prior to the closing,
management of One World Holdings, The One World Doll Project
(OWDP), and Tonner reviewed and discussed potential alternative
structures between OWDP and Tonner other than the Merger, including
the formation of a new subsidiary of One World Holdings. Following
those discussions, management of One World Holdings, OWDP, and
Tonner determined it to be in the best interests of their
respective companies to terminate the Merger and explore other
opportunities. The termination of the proposed merger and the
merger agreement did not result from a disagreement between the
parties, or from any information discovered about any of the
companies during the due diligence process or the preparation of
the financial statements of Tonner.
“We are very excited to
announce our being in the final stages of securing a licensing
agreement with a major television and film studio within just a
week of our appearance at Toy Fair 2016,” stated Joanne Melton, CEO
of One World Holdings. “We believe that this deal, in tandem with
other pending licensing deals, is a validation of our belief that
our partnership with Tonner Doll Company has the potential for
massive success,” she added.
One World Holdings plans to
issue a press release to announce the name of the studio and the
first project Tonner-One World will be working on as soon the
release has been cleared by the studio. One World Holdings will
also release an online interview with Robert Tonner, CEO of Tonner
Doll Company and Trent T. Daniel, founder of The One World Doll
Project to discuss these projects in greater detail.
About Tonner-One
World
More information about
Tonner-One World log onto at tonneroneworld.com.
For investor relations,
One World Holdings, Inc.
ir@oneworlddolls.com
(281) 497-1311
_____________
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," “plans,” 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 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
expressly disclaims responsibility to update the information
included herein for events occurring after the date
hereof.