With newly acquired capital in hand, The
One World Doll Project, a subsidiary of One World Holdings, is busy embarking
on its plans to expand its doll line from coast to coast and complete its
efforts to eliminate the company’s convertible notes.
As of early January, 2015, The One World
Doll Project has raised $648,500 of private funds and acquired purchase order
funding commitments up to $950,000. Both investments are earmarked to provide
the company with the capital needed for presence expansion of its The Prettie
Girls!™ and The Prettie Girls! Tween Scene dolls into retail locations
throughout the US.
The aforementioned capital also aims to
assist One World Holdings to eliminate “toxic debt” as outlined in the
company’s debt retirement and consolidation plan announced in 2014. Currently,
upwards of $200,000 realized from these investments has been used to complete
another round of consolidation and convertible note elimination.
Ms. Joanne Melton, CEO of One World
Holdings, commented, “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. 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.”
The Prettie Girls!™ are a collection of
fashion play dolls designed to deliver a sense and look of diversity in
culture, interest and style. McBride-Irby, former Mattel® designer known for
creating the company’s first African-American doll, designed the Prettie Girls!
for a growing market in need of a new type of experience. The Prettie Girls!
embody the positive values and attributes that little girls can relate to and
associate with.
For more information on the company,
visit www.oneworlddolls.com
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