The One World Doll Project, a
subsidiary of One World Holdings, today announced that it has successfully
raised enough capital to expand its doll line nationwide and complete a round
of convertible notes elimination.
Since January 1, 2015, The One World
Doll Project has raised $648,500 from a group of private investors in addition
to purchase order funding commitments up to an additional $950,000. Each of
these investments will provide the company with the capital needed to expand
the market presence of its The Prettie Girls!™ and The Prettie Girls! Tween
Scene dolls into big box retail stores across the nation.
The capital will also help One World
Holdings eliminate toxic debt as laid out in the company’s debt retirement and
consolidation plan announced last year. To date, more than $200,000 realized
from these investments has been used to complete another round of convertible
note elimination and consolidation.
“The strides toward success that One
World has made this year, especially our retail distribution deal with
Amazon.com and partnership with The Tonner Doll Company seems to be striking a
positive chord with new and current investors,” said Joanne Melton, CEO of One
World Holdings. “We attribute this investor enthusiasm primarily to our
eliminating convertible notes from lenders who have a track record of
aggressively selling shares into the market with little or no regard for the
negative effects on the company’s stock price. Our days of being funded by
predatory lenders have come to an end and our stock seems to now be showing how
well it can perform with the absence of excessive dilution.”
One World Holdings also noted that it
has largely been “buoyed” by increased trading activity of its stock, which has
gained as much as 595% in value since the beginning of the year.
For more information, visit
www.oneworlddolls.com
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