Business
eDoorways International Corporation Offers Equity Participation in Spin-off Company
eDoorways International Corporation Offers Equity Participation in Spin-off Company.
About this update from Carnegie Development Inc.
[{"type":"text","content":"AUSTIN,Texas--(EWORLDWIRE)-- eDoorways InternationalCorporation (PINKSHEETS:EDWY.pk - News) is offering its shareholders free equity participation inthe initial capitalization of Learning Research, Inc., a spin-off that has beencreated as a non-trading Nevada entity. EDWY will seek to have LearningResearch Inc. audited and will immediately pursue FINRA approval for thecompany to be traded publicly. Oncethese actions are taken, Learning Research Inc. will be a freestanding companyindependent of EDWY but contributory to the eDoorways brand through acontractual link. CurrentEDWY shareholders will be offered an opportunity to receive initial pro-rata ownershipin the learning company at no cost. For example, if a shareholder owns 10% of EDWY shares, they can elect toreceive 10% of the initial allotment of shares created for Learning Research,Inc., which will have a different share structure and market capitalization. A date for determination of shareholdersof record will be announced shortly. The offer will terminate at the close of business on the establishedrecord date. “EDWYis taking this step because it believes the emerging market opportunity drivingLearning Research, Inc. is extremely large, offering a new way to monetize theproduction and distribution of educational courses and media at a time wheneducation is at the forefront of American and international attention, statedGary Kimmons, CEO. “It’s going totake an effort commensurate with the size and scope of the opportunity to seeit to completion. This is not something we visualize as part of the eDoorwaysbrand, but it can be of tremendous value to us. We believe our shareholders should benefit from thatrealization.” EDWY will remain true to it’s establishedplan for the LEARN doorway, which is to serve as a global collaborativeeducation “gateway” with the aim of delivering access to education content andresources, enhanced learning through its SmartOne technology, personalized connectivityfor education consultants and resource providers, and accredited distancelearning services. Learning Research, Inc will seek tobecome a global repository of educational media (learning courses) contributedto and maintained by the people of various countries and education institutions(by analogy, t...