The One World Doll Project (OWOO) Equity Deal Paves Way for The One World Doll Project (OWOO) Equity Deal Paves Way for Fresh Course and Improved Balance Sheet
The One World Doll Project, a subsidiary of One World Holdings, Inc., announced recently it has in hand a private equity deal with New York hedge fund, Blackbridge Capital and a group of private investors necessary for focusing on debt reduction and boosting the appeal of the company’s balance sheet. The partnership is said to infuse approximately $800,000 with the effort.
Joanne Melton, CEO of One World Holdings noted, “Over the past 18 months, the company has taken on several large convertible notes that have had the unfortunate effect of creating derivative liabilities on our balance sheet and downward pressure on our stock price as a result of simultaneous conversions of those notes into stock at a substantial discount to market.” Commenting further, Melton added, “By the end of the 3rd quarter we will have consolidated and eliminated several of our most expensive institutional and private convertible notes totaling over $415,000. The purpose of this initiative is to phase out at least 50% of the total company debt by the end of 2014.”
Alexander Dillon, Co-Founder and Chief Investment Officer of Blackbridge Capital commented, “We are thrilled to partner with One World Holdings while enhancing their balance sheet, increasing shareholder value, and providing advice on business plan execution. We are also extremely proud of the diligent efforts of the One World management team as we work together to eliminate derivative liabilities and secure key business development milestones, including the most recent achievement of locking up a premier spot at Toy Fair 2015 where the company will unveil its new line of Prettie Girls! dolls created in partnership with Robert Tonner and The Tonner Doll Company.”
Founded four years ago by Trent T. Daniel and Stacey McBride-Irby, The One World Doll Project is focused on making a positive cultural impact through the creation, marketing and sales of their dolls. Each of the company’s dolls are considered to be unique works of art, created for a growing market clamoring with demand. The company’s dolls embrace contemporary girls of several races and symbolize the women they aspire to be. The One World Doll Project has launched The Prettie Girls!™ doll line, a collection of multi-cultural fashion dolls. The Prettie Girls!™ are unique in their look, their backgrounds and their stories, embodying the look, feel and values little girls look up to.
For more information on the company, visit www.oneworlddolls.com
Please see disclaimer on the QualityStocks website: https://Disclaimer.QualityStocks.com