N@N

eDoorways International Corporation Announces Educational Spinoff Company

^{Published on 2010-12-09 07:35:43 - Market Wire}
 

AUSTIN, Texas--([ BUSINESS WIRE ])--[ eDoorways International Corporation ] (Pink Sheets: EDWY) announced today that it is creating a spinoff company that will address todaya™s educational marketplace and is anticipated that the spinoff could be staffed, functioning, and audited for entry onto the OTCBB within 90 days.

"We have determined that this is the best way to assure the company's access to the technology and resources that its emerging service platform will require to offer a broad range of comprehensive services."

The new learning company will have its own management team and will initially be a public, non-trading entity. eDoorways International Corporation shareholders will have an interest in the company and will be linked to it contractually to assure that the two entities work closely together. aCurrent eDoorways shareholders will enjoy a pro-rata participation in the newly-created company, which will ultimately result in greater value for both companies,a stated Gary Kimmons, CEO of eDoorways International Corporation.

"[ eDoorways International Corporation ] will create specialized entities that have needed, focused expertise, and that will support and share in eDoorways overarching objective," Kimmons continued. "We have determined that this is the best way to assure the company's access to the technology and resources that its emerging service platform will require to offer a broad range of comprehensive services."

aThe idea is to create a number of freestanding entities that will specialize in such areas as human learning, creativity, trans-disciplinary collaboration and innovation. In view of the emerging education market as well as eDoorwaysa™ history and expertise in the learning venue, the decision to make the first spinoff a learning company was easy. Other spinoff companies are also planned in the near futurea.

The new learning company is being created to fill a void that exists in the education marketplace. It will focus on advanced R&D in the field of human learning, on applying its findings to create new tools for building education solutions, and on establishing a global repository for aggregating and disseminating educational media.

The company will have access to and will use eDoorwaysa™ collaborative platform and tools to facilitate its service offering. In turn, eDoorways will integrate the learning companya™s products and services into its advanced platform.

aeDoorways will continue to pursue its plan to offer educational services via its emerging platform. However, due to the broad range of the eDoorways platform (covering such diverse activities as lifestyle problem solving, learning, playing, and helping others), the company has recognized for some time that it will have to draw upon the expertise of various entities specializing in each of these areas,a concluded Kimmons.

Private investment will be solicited to capitalize the company. At the same time, the new learning company will take immediate steps to establish its credentials for OTCBB.

For more information on eDoorways International Corporation and/or the "eDoorways" ([ www.eDoorways.com ]) initiative, please e-mail a package request to[ info@eDoorwaysCorp.com ]. You can also visit our corporate website at [ www.eDoorwaysCorp.com ], make comments via the corporate blog ([ www.eDoorways.wordpress.com ]), follow us on Twitter ([ http://twitter.com/edoorways ]), or visit our Facebook Fan Page ([ http://facebook.com/edoorways ]).

Safe Harbor for Forward-Looking Statements:

Except for historical information contained herein, the statements in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the companya™s actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, product price volatility, product demand, market competition, risk inherent in the companya™s domestic and international operations, imprecision in estimating product reserves and the companya™s ability to replace and expand its holdings.