LAS VEGAS, NV--(Marketwire - 01/13/11) - One World Ventures, Inc. (Pinksheets:OWVI - News) announced Mr. Stephen Prior, President, Chief Executive Officer and Chairman of the Board, has resigned his position to pursue other opportunities. Mr. Prior's resignation is effective December 31, 2010. Mr. Ron Lindsay has been appointed the company's President and Chief Executive Officer & Chairman of the Board effective January 1, 2011. Mr. Lindsay, who has been a director of the company, will lead the company into the next phase of operation creating new opportunities and vision."I have enjoyed working with the OWVI team to bring the company to this point," said Stephen Prior. "As was always contemplated the company is moving away from its beginnings as a manufacturing company towards a technology driven foreign exchange remittance and social networking platform with diverse holdings. I have chosen to step down at this time and transfer my Controlling interest in the business so the Company can acquire additional assets and move forward and further enhance value. Ron provides us with a wealth of knowledge, he is an exceptional executive and I am confident in his knowledge and leadership, which will propel the Company forward. I will continue to provide support as a member of the Advisory Board, a diligent shareholder and a future customer.""As we enter the New Year we want to wish our shareholders a Happy New Year and thank them for their support," said the Company's new CEO, Ron Lindsay. "I could not be more enthusiastic or optimistic about the Company's prospects from here forward. I look forward to working diligently on our current projects and agreements to acquire complementary assets that will expand the Company's potential. We are looking to aggressively accelerate our business plan in those areas we have been successful and take advantage of new directions that have very recently been presented to us."The Company would like to announce that it has divested of the overhead heavy retail side of the Remittance / Foreign exchange business. As disclosed earlier this will immediately result in an increase in revenues and the business unit will be cash flow positive and have an ability to rapidly expand without additional Capital. Steve Prior will continue to oversee our technology/forex operation in Hong Kong & China reporting directly to Ron Lindsay.The Company also has entered into an agreement to acquire certain Gold and Silver mining asset rights in Mexico. Not only does the Company believe these assets will produce amazing returns, the price of Gold and Silver has substantially increased over the past year and experts are predicting this trend to continue as the major currency valuations are questioned. The Company welcomes Dane Peterson to its executive team. Dane has substantial experience mining in the contracted for areas and will be the key leader of our mining interests immediately. Expect more detail of the valuations of this OWVI addition in future announcements.We are confident about the opportunities the future holds for One World Ventures, Inc., and thank all of our shareholders for their continued support.About One World Ventures, Inc.:
One World Ventures, Inc. (1worldventures.net) is a holding company with management resourced in Asia, and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.Safe Harbor Statement:
Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. One World Ventures, Inc. undertakes no obligation to update any such statements to reflect actual events.
- Chief Executive Officer