SHANGHAI, CHINA, Feb 20, 2007 (MARKET WIRE via COMTEX News Network) --
eWorld Interactive, Inc. (the "Company", "eWorld") (OTCBB: EWIN) is pleased to announce that it has entered into a Letter of Intent to acquire Mojo Mediaworks Limited ("Mojo") and its subsidiaries. Mojo Mediaworks Limited, currently operates in the USA, China and Philippines, engages in self-developed contents tailored for the China and Philippines Markets in the form of casual online games (Slingo), Interactive TV/SMS Game show (Slingo Interactive Games show) and contents sourced from international developers and other Hollywood majors such as the CBS Paramount TV reality drama (America's Next Top Model - China version) and mobile games (America's Next Top Model Mobile Games). Mojo Mediaworks Co., Ltd. will create "integrated cross media platforms viewership" bundles, in a fully interactive manner and deliver that to advertisers and broadcasters for revenue generation. Mojo holds a 7 year licensing agreement for the Slingo branded suit of games for S.E. Asia. Slingo is one of the most popular online games with an exciting combination of the best features of bingo and slots. Slingo holds the distinction of being "One of America's most played online games" with over 3 billion games played according to AOL Urc/Slingo.com.
eWorld CEO Guy Peckham stated, "We are delighted to begin working with such a top-notch team that has demonstrated time and time again the ability to bring great programs and games from abroad into the China market. Mojo's connections to leading producers in Hollywood and beyond will ensure a steady stream of exciting and new content creating a rich experience for users on our www.eworldchina.cn platform." The Mojo acquisition will have an immediate impact with the creation of China's Next Top Model which follows the format of the hugely successful American reality series "America's Next Top Model" launching in Q2 of 2007 and the launch of the Slingo platform in China.
"This is a natural fit for content and distribution in China. The eWorld platform will allow Mojo's unique programming to reach millions of users in the near term. eWorld's team have a long history of success in internet gaming in China and we look forward to working together with them to extend that success into the social networking space," concurs Mr. Kin Mak from Mojo.
About eWorld:
eWorld are the developers of eworldchina.cn, an online community focused on entertainment content provided by both leading professional content producers and amateur content produced by users of the website. The online platform allows users to create and define their own personal space in the community then interact with and within the community on multiple levels. Users can interact user-to-user, user-to-group, user-to-club, user-to-community and through voting and rankings. These users then have access to and can interact with entertainment content provided by leading partners and affiliates producing music, television, film, gaming and more. The Company creates circular interaction among its website users and the content programming consumers thus continuously involving the audience. Revenues are derived through a combination of advertising sales, sponsorships and promotions, subscriptions and services fees as well as revenue sharing deals with partners and affiliates.
Contacts: eWorld Interactive, Inc. Guy Peckham CEO 1-38-1613-5001 Website: www.eworldchina.cn
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