The One World Doll Project, a subsidiary of One World
Holdings, has signed an official Letter of Intent to sell a 9.89% stake of One
World Holdings stock to The Tonner Doll Company. The parties are currently
finalizing details and plan to enter definitive agreements as soon as
practically possible to effectuate the stock purchase.
“As an established brand that is projecting sales of $59.3
million over the next five years, we believe that investing into The One World
Doll Project and its emerging, high-quality product lines is the best approach
for expanding our retail presence,” Robert Tonner, CEO of Tonner Doll Company,
stated in the news release. “With their recent accomplishment of securing
national distribution of The Prettie Girls! Tween Scene Dolls into over 2,900
Walmart stores, One World has proven their value to us and we are certain that
acquiring a substantial stake in One World at this time is the best move going
forward.”
Corinda Joanne Melton, CEO of One World Holdings, gave a
brief overview of The Tonner Doll Company’s reach in the toy industry, and how
the new, mutually advantageous partnership will help advance the broader One
World plan.
“We believe that advancing our partnership with The Tonner
Doll Company will continue keep One World on the fast track to substantially
increased revenues. Over the past 16 months the relationship has proven that
our two companies, working together, creates a valuable alliance within the
doll industry,” she said. “With The Tonner Doll Company’s 25-year track record
of success, its multiple license deals with major brands such as Disney,
Peanuts and 20th Century Fox coupled with One World’s current retail
relationships with Walmart and Amazon.com, the company is hopeful that this
alliance will create additional value as One World pursues its plan of
acquisition by a major toy company within the next 18 to 24 months.”
For more information, visit www.oneworlddolls.com
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