AUSTIN, Texas, March 1, 2011 /PRNewswire/ -- eDoorways International Corporation (Pink Sheets: EDWY) has joined a working partnership led by Create Tech Village, a California-based technology infrastructure creator, and the Ibero American Science and Technology Education Consortium (ISTEC); whose goals include the creation, development and enhancement of technology parks at various locations around the world. The technology parks are being created to accelerate the "birthing" process and incubation of new companies in emerging nations.
As a partner, eDoorways International Corporation will provide key technology, the eDoorways collaborative platform, and professional guidance to establish the infrastructure for each of the tech parks. "We sincerely appreciate being asked to join the consortium which already has projects under way in Latin America," stated Gary Kimmons, CEO of eDoorways International Corporation. "These projects are being capitalized by one of the largest and most influential nations in the world and we are excited about the potential role our eDoorways platform can play in empowering the people and companies that are being spawned in this effort."
eDoorways International Corporation will receive remuneration for its services in the form of initial consulting and license fees as well as ongoing service fees and e-commerce revenue. "We're thrilled to work hand-in-hand with these great organizations; to expand global technology and enhance the established infrastructure. We're expecting the revenues for this venture to be quite substantial and we will do everything we can to facilitate the expansion of these global hotspots," concluded Kimmons
For more information on eDoorways International Corporation and/or the "eDoorways" (www.eDoorways.com) initiative, please e-mail a package request to [email protected]. 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).
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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 company'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 company's domestic and international operations, imprecision in estimating product reserves and the company's ability to replace and expand its holdings.