eWorld Companies, Inc. Forms New Subsidiary eWorld Music, Inc. and Names Jim DeCicco as Its President

eWorld Companies, Inc. Forms New Subsidiary eWorld Music, Inc. and Names Jim DeCicco as Its President

LOS ANGELES, Feb. 27 /PRNewswire-FirstCall/ eWorld Companies, Inc. (Pink Sheets: EWRL) announced today that it has formed a new wholly-owned subsidiary, eWorld Music, Inc. and named long-term music veteran Jim DeCicco as President of the subsidiary. eWorld Music is expected to pre-launch operations over the next few weeks and officially open for business with a red carpet premier launch event in early April.

These actions signal eWorld's intent to become a major player in the arena of online music promotion and marketing. The business of music promotion and marketing has been moving to the Internet at a breakneck pace, a trend that is expected to continue to accelerate. eWorld Companies intends to capitalize on this trend by utilizing its patent-pending technologies to provide a revolutionary new online delivery platform for independent music artists around the globe. To accomplish this, eWorld Music will align itself with cutting edge music business companies and provide new marketing technologies and strategies that will work in tandem with eWorld's Boomerang Media Station(R) and PlayTV online broadcast network to enable independent artists to promote and market their wares in a way that has never before been possible.

eWorld Music will also conduct a variety of online music promotional events, stage live music events in Hollywood, CA and in other U.S. and international locations, and sponsor an annual major Music Awards Show, the first of which will be held in Hollywood this November and simulcast worldwide. eWorld Music's selection of Mr. DeCicco as its President, and Mr. DeCicco's agreement to come aboard, signal that the company is committed to becoming the dominant force not only in the online promotion of independent music artists, but also with its Annual Music Awards Show. One of Mr. DeCicco's recent triumphs was the organization of last year's Los Angeles Music Awards Show, which was widely recognized as the best of its kind ever presented. Now he will focus his impressive talents exclusively on creating an even bigger and better Awards Show for eWorld Music.

In addition to his Awards Shows experience, Mr. DeCicco's resume includes more than 20 years experience in music production, sound, video and concert promotion, and record production. Mr. DeCicco has a B.A. in Electronic Music and Technical Sound Production that was the culmination of study at Eastman School of Music, Cornell University and Ithaca College. He also held the position of musical director at the Boston Conservatory of Music, Dance & Theatre, pursued graduate level studies at Berklee College of Music, and researched electronic music human computer interfaces at MIT. Mr. DeCicco has also performed contractual services for Fortune 500 companies including IBM and Sun MicroSystems for sound, video, staging and lighting for their flagship corporate events, and has provided similar services for celebrities like Dionne Warwick and Doc Severenson. He is well respected in Hollywood for his productions at well known venues including House of Blues and Whisky A-Go-Go, where he was the only producer in Hollywood history to coordinate his show with a 20-piece orchestra on the world famous stage. Mr. DeCicco's creative work has garnered numerous Music Awards for independent artist production, and he has performed studio work with Eric Clapton, Coolio, Eric Burdon and Keith Emerson. Mr. DeCicco is a voting member of NARAS (The Grammys) and is a writer and Publisher with ASCAP.

COMMENTARY

Henning Morales, CEO and President of eWorld Companies, Inc. stated the following, "The creation of our eWorld Music, Inc. subsidiary is a very important milestone in our company's development. Our proprietary technologies have us positioned to become a major player in the areas of online entertainment, our integrated Boomerang Media Station, Media Player and 24- hour PlayTV online entertainment network provides an ideal platform over which recording artists can demo and market their wares directly to the public, and our international marketing reach will help independent music artists reach a global audience who might otherwise never hear or see their work. Simultaneously, eWorld Music's events, activities and promotional efforts for independent artists will provide us with an endless supply of new music content and rising artists to showcase on our Boomerang Media Station and PlayTV network, some of which will be exclusively available through these channels. We are also very excited to welcome Mr. Jim DeCicco as eWorld Music's President. Mr. DeCicco's has a vast knowledge of virtually every aspect of the music business, and is one of the industry's most knowledgeable professionals both in the area of online promotion of independent music artists and in the planning and promotion of live and simulcast music events and Awards Shows. We believe that he is the ideal person to bring eWorld Music roaring out of the gate, and we anticipate that this subsidiary will very quickly contribute significantly to eWorld Companies, Inc.'s bottom line revenues and profits."

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. is an online marketing & advertising technologies company that develops and markets cutting edge technologies using rich media, flash, animation and 3D graphics to help individuals and businesses market and advertise on the Internet. eWorld Companies, Inc. markets and distributes these technologies through its wholly-owned subsidiary eWorld Entertainment, Inc. (eWorlde) and its International network of Affiliates, users and strategic partners. eWorld's unique and patented Boomerang Media Station(R), named for its ability to return to the user's screen no matter what web site you visit, is a free software program that streams rich media within the actual application and remains ever-present as the user browses the Internet, offering the user one-click access to limitless entertainment experiences and convenience benefits. eWorld's WALRUS(R) system, which is downloaded along with Boomerang, continues to work in the background to provide assistance as the user searches, surfs or shops the Net, suggesting relevant topics, products and services based on the each user's browsing and searching habits. The Company's revenue model consists of six major components: (1) Advertising Revenues; (2) Affiliation Fees; (3) Affiliate Monthly Subscriptions; (4) Product Sales; (5) Technology Licensing; and (6) International Marketing License Fees.

For more information visit http://www.eworlde.com/ and/or http://www.eworldcompanies.com/ or call (310) 471-7674.

Caution Regarding Forward-Looking Statements: This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results which are not yet available. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, the integration of acquisitions, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward- looking statements whether as a result of new information, future events or otherwise.

First Call Analyst:
FCMN Contact:

Source: eWorld Companies, Inc.

CONTACT: eWorld Companies, Inc., +1-310-471-7674

Web site:

http://www.eworlde.com/
http://www.eworldcompanies.com/

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