HOUSTON, TX, United States, via ETELIGIS INC., 02/17/2015 – – eDoorways International Corporation (OTC Pink: EDWY) (PINKSHEETS: EDWY) today announced that it is developing its strategy for the 2015 business year. The strategy will emphasize the following priorities:
– Identify and secure a qualified candidate for the position of Chief Executive Officer.
– Identify and review candidate companies for an anticipated reverse merger. The objective will be to merge a high-potential private entity with EDWY to create revenue for the company and to enhance EDWY’s value in the marketplace.
– Determine how EDWY can reduce the current AS and OS. EDWY is examining how it can reduce the number of authorized shares as well as the number of outstanding shares and the float. This strategy may include buying back blocks of restricted and free trading stock held by former affiliates, as well as buying back shares in the open market. The company is also examining several traditional methods of raising a block of funding to allot to this cause including several types of registrations and offerings that will not unnecessarily dilute the float, which would be counter-productive to its cause.
EDWY believes there is a reasonable possibility to accomplish these objectives. Arne M Ray, Director Tempore explains, "I want everyone to know that shareholder value is very important to me. I will do what I can to help EDWY realize its potential value.”
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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.
Arne M Ray, Director Tempore
SOURCE: eDoorways International Corporation