AUSTIN, Texas–(BUSINESS WIRE)– eDoorways International Corporation (PINK SHEETS:EDWY.pk – News) announced today that Learning Research, Inc. will be a spin-off of eDoorways International Corporation and will initially be a non-trading, public entity incorporated in the state of Nevada. Shares of the new security will be unavailable for trade until final approval from FINRA and other financial regulators. When approval is obtained, Learning Research, Inc. will be a free standing public company, independent of, but contractually linked to eDoorways.
“eDoorways will be a global collaboration platform and gateway that includes education-related functions and services,” stated Gary Kimmons, CEO of eDoorways International, Inc. “The learning company will be a repository of educational media (learning courses) supplied by the masses using a wiki format similar to Wikipedia and administered by the learning company.”
What Learning Research, Inc. is going to do
The company will conduct research on how to best distribute the courses and educational content that is submitted and will work in conjunction with the technology parks that ISTEC is helping to develop throughout the world.
“The Company intends to provide both free and accredited education, which is how the company will gain revenue. The courses will be available in multiple languages allowing for total collaboration around the globe,” concluded Kimmons.
How EDWY shareholders will be affected
eDoorways current shareholders will initially receive a pro-rata ownership in the learning company. For example, if a shareholder owns 10% of eDoorways shares, they will initially gain 10% of the shares in the learning company. The number of shares in each company will not be the same; however a certificate will be issued to all shareholders at no cost.
Participation in the new company is not mandatory although all shareholders are encouraged and welcomed to join.
Relationship with eDoorways International Corporation
eDoorways will contractually be linked to the learning company and will make its collaboration and e-commerce platform available to the spin-off company. Learning Research, Inc. will reciprocate by making its learning offering available on the eDoorways platform in addition to being its own free standing service.
For more information about the company’s 2011 plans, please visit http://edoorways.wordpress.com/2011/01/04/year-end-status-update/.
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 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.