eWorld Companies, Inc. Prepares for Return to OTC Markets Current Information Status

Rhea-AI Summary

eWorld Companies, Inc. (OTC: EWRC) is nearing the completion of its quarterly reports and expects to regain 'Current Information' status on OTC Markets within the next 10 to 14 days. CEO Pablo Gallardo Wagner indicated the company was previously downgraded due to late filings. Despite this setback, operations at Angelini Trading Company continue efficiently, supporting ongoing expansion plans. The company emphasizes its focus on the U.S. rollout of its wine brands, with initial orders from 200 retail outlets already in place.

Positive

• Regaining 'Current Information' status on OTC Markets expected within 10 to 14 days.
• Successful delivery of wines and purchase orders received from 200 retail outlets.
• Ongoing operations at Angelini Trading Company are proceeding without interruptions.

Negative

• Recent downgrade to 'Limited Information' status due to late filing of quarterly reports.

Escondido, CA, June 28, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- eWorld Companies, Inc. (OTC: EWRC) announced today that the company is in the final stages of completing its quarterly reports and expects to have them filed and to receive official confirmation of its return to “Current Information” on OTC Markets within the next ten to fourteen days.

eWorld Companies’ CEO Pablo Gallardo Wagner explained, “After reaching OTC Markets ‘Current Information’ status earlier this year, we were recently downgraded to ‘Limited Information” due to late filing of quarterly reports. We are now very close to having these reports ready to file, after which they will be reviewed by OTC Markets and the company will once again return to ‘Current Information’ status. We anticipate that this process will be completed within the next 10 to 14 days. Meanwhile, I am happy to report that work is continuing unabated at our operating subsidiary Angelini Trading Company and that this issue will not impede us in any way as we continue to move forward with our 2021 expansion plans.”

Additional information about the company’s near-term business plans and activities will be released over the coming days and weeks. More information can be found on the company’s websites https://ewrcinc.com/ and https://angelinitrading.co.

ABOUT EWORLD COMPANIES, INC.

eWorld Companies, Inc. is the Parent Company of Angelini Trading Company, a Los Angeles area-based company that distributes 26 varieties of wine from 5 different family-owned wineries, 2 different handmade Italian pasta factories, and a premier olive oil company that won the 2014 award for best olive oil in the world, and other specialty food items seldom seen in the U.S. market. eWorld’s top priority and sole focus now is the rollout of Angelini Trading’s line of Caponero and Benevento brand wines for the U.S. consumer market. Wines have already been delivered and purchase orders received from the first 200 retail outlets, with many additional orders and deliveries expected to be announced soon.

Angelini Trading Company was formed in 2012 by Richard Angelini and his cousin, Roberto Adamo, with the objective to source the highest-level products available from the Italian peninsula for export to the rest of the world, with primary focus on the U.S. market. The Angelini and Adamo families have been merchants and artists since the 1600's. Unfortunately, Richard Angelini passed away in 2017, but the company remains in family hands with his wife Christina now serving as the company’s President.

For more information visit https://ewrcinc.com and/or https://angelinitrading.co.

Safe Harbor Statement: This release contains forward-looking statements with respect to business operations and results of eWorld Companies, Inc., which involves risks and uncertainties. Actual future results could materially differ from those discussed. eWorld Companies, Inc. intends that all statements included herein, including those referring to future revenues and earnings, be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

Contact: 
Pablo Gallardo Wagner, CEO
contact@ewrcinc.com

FAQ

What is the current status of eWorld Companies, Inc. (EWRC) regarding its quarterly reports?

eWorld Companies, Inc. is in the final stages of completing its quarterly reports and expects to regain 'Current Information' status on OTC Markets within 10 to 14 days.

Why was eWorld Companies downgraded to 'Limited Information' status?

The downgrade was due to the late filing of quarterly reports.

How many retail outlets have placed initial orders for eWorld's wines?

Initial orders have been received from 200 retail outlets.

What is the main focus of eWorld Companies for 2021?

The main focus for 2021 is the rollout of Angelini Trading's wine brands in the U.S. consumer market.