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eDOORWAYS Corporation: eDOORWAYS Corporation Provides Update Concerning Status Reports, Filings and Pre-Launch Presentation

^{Published on 2009-07-27 04:08:46, Last Modified on 2009-07-27 04:08:53 - Market Wire}
 

AUSTIN, TX--(Marketwire - July 27, 2009) - eDOORWAYS Corporation (PINKSHEETS: [ EDWY ]) has a number of general updates to provide the public.

First, as it pertains to the October 1st soft launch date, Michael Vincent, the company's Lead Technology Architect has made an assessment of the company's current development regarding meeting the proposed soft launch date and has concluded the company is on schedule.

As it pertains to the 10K Audit filing, Dan Bensimon, the company's Senior Financial & Accounting Specialist, has persistently continued to advance the company's accounting schedule. According to Mr. Bensimon, the company remains on target for an August 31st filing date of the 10K as well as its first and second quarter 10Qs.

"At this time we have a very good handle of the company's books," says Bensimon. "We have the majority if not all of the correct information for the 10K prepared and are geared up to go into review before handing the files over to the auditors. Our auditors are expecting delivery of this data by week's end and seem willing to assist in expediting the audit's completion."

Generally, it takes an auditor roughly two weeks to complete a 10K review provided all of the information presented by the company is well prepared. Should this be the case, the company's 10K can possibly see a filing date as early as August 10th.

Lastly, as it concerns the proposed pre-launch walk through, this past Friday, July 24th, 2009, the company reinforced its commitment to making a presentation available without posing unnecessary risk to proprietary technology or undermining SEC regulations. The solution was to form an independent, unpaid board committee comprised of the company's shareholders. This board committee would review the platform and report back to all other shareholders and the public. The company simply required all interested persons be shareholders of record by July 24, 2009, submit request for board consideration by end of trading day today, Monday, July 27, 2009, willing to execute an extensive non-disclosure and subject themselves to the legal conditions and implications of SEC Full Disclosure rules. To date, only one shareholder has submitted a request to join the company's shareholder's board.

"Again, we'd like to underscore our commitment to making this presentation available to as many shareholders as possible," said eDOORWAYS Chairman and CEO Gary Kimmons. "The irony here is that we've given our shareholders the unique opportunity to take matters into their own hands -- to set their own review date, make an independent assessment of the company's current position and make it their responsibility to report the board's finding to the public -- yet there were few takers. I suppose the sudden lack of interest stems from many shareholders having more concern about losing their ability to trade our stock vs. their ability to assess the viability of the platform. We are confident all of our shareholders will be impressed with what we're developing should the company be given the full support of the market. We're approximately two months away from unveiling SOLVE. We believe it be worth the wait and ask that our shareholders continue to support our efforts."

The company anticipates offering another update on these same matters by week's end.

About eDOORWAYS Corporation

For more information on eDOORWAYS Corporation and/or the "eDOORWAYS" initiative, please e-mail a package request to [ info@edoorways.com ]. You can also visit the website at [ www.edoorways.com ], make comments via the corporate blog ([ www.edoorways.wordpress.com ]) or call toll free at (866) 482-3829.

Safe Harbor

Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company's actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company's customers, competition and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission.