From the Wires
eDoorways International Corporation Transitions into Vertical Incubator
By: PR Newswire
Dec. 17, 2012 08:47 AM
AUSTIN, Texas, Dec. 17, 2012 /PRNewswire/ -- eDoorways International Corporation (Pink Sheets: EDWY) announced today that the Company is transitioning from a technology innovator to a technology incubator for several emerging verticals currently being formed and worked upon. "We've spent several months trying to figure out the best way to manage the numerous opportunities that have come our way," stated Chris Mitchell, CFO of eDoorways. "With the influx of private capital opportunities that have been presented to us, our Board of Director's met last week and have decided to make eDoorways our technology incubator and holding company for a number of newly formed ventures."
eDoorways primary focus will be comprised of an intelligent user interface, big data aggregation, intelligent agents (avatars), and intelligent hardware. "Among other opportunities, we have already been approached by multiple healthcare organizations who wish to utilize our newly developing technology to increase the access and information to intelligent healthcare," continued Mitchell. "In addition, we have several interested groups in sectors ranging from data, to entertainment, and even a sovereign group who has taken notice of the advanced technology we will be providing."
Each venture will be separately incorporated, operating individually from one another. As their majority shareholder, however, eDoorways will provide the startup capital and general business support on an as needed basis. eDoorways will then recognize revenue from its majority ownership of each subsidiary. "We're very pleased with the progress we've made over the last several months and expect 2013 to be very exciting with the anticipated growth of each of our ventures," concluded Mitchell.
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.
SOURCE eDoorways International Corporation
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