iWorld Projects & Systems, Inc. (IWPS) Announces that Hugh Woodward Has Joined the Company

iWorld Projects & Systems, Inc. (IWPS) Announces that Hugh Woodward Has Joined the Company

LOUISVILLE, Ky., Feb. 3 /PRNewswire-FirstCall/ -- iWorld Projects & Systems, Inc. (OTC Pink Sheets: IWPS) announced today that Hugh Woodward has joined the company to assume executive responsibilities as President of PM Forum.org, Inc., a new iWorld subsidiary company based in Cincinnati, Ohio. PM Forum.org will own, operate and expand one of the world's most popular Web sites devoted to professional project management, http://www.pmforum.org/ , which the Company gained through the recent acquisition of LODAY Systems, Ltd., of Ottawa, Canada. PM Forum.org will also continue publication of the on-line project management periodical Project Management World Today, which provides news and information related to professional project management around the world.

Mr. Woodward was formerly a Program Manager in the Global Business Services Division of Proctor & Gamble in Cincinnati, Ohio, USA. Well known throughout the world of professional project management, Mr. Woodward was a member of the Board of Directors of the Project Management Institute (PMI)(R), the world's largest project management professional association, from 1997 - 2002. He served as the Chairman of the Board of PMI(R) during 2000-2001.

"This is an exciting opportunity with tremendous potential," stated Mr. Woodward. "The www.pmforum.org Web site already has a great reputation for quality articles and news. The PM World Today publication goes out to thousands of professionals around the world. But they can be much bigger. I'm looking forward to helping turn www.pmforum.org into the world's leading on-line source of project management-related news and information."

PM Forum.org also will provide iWorld with a basis for entering the on- line publishing business. "We plan to take the Web site in some exciting new directions," stated Mr. Woodward. "We're getting several million hits per month now. I think we can double that rate fairly quickly," he added.

iWorld Projects & Systems, Inc. is a Business Development Company (BDC) under the Investment Company Act of 1940 and also is a fully reporting company for SEC purposes under the Securities Exchange Act of 1934. As a BDC, the Company is engaged in the business of locating, investing in and assisting in the management of small public and private operating companies, and plans to raise capital for investment in suitable portfolio companies.

SAFE HARBOR STATEMENT

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-K filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/ ). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.


Source: iWorld Projects & Systems, Inc.

CONTACT: David Pells of iWorld Projects & Systems, Inc.,
+1-214-236-8480

Web site: http://www.iworldprojects.com/


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