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Saturday, 04/19/2014 12:49:02 PM

Saturday, April 19, 2014 12:49:02 PM

Post# of 49606
WDAS All-In-One PR's

Apr 15, 2014 WDAS Books License Revenues Of $1 Million So Far In 2nd Quarter Following Funding Of 3 Power Cloud Projects In Japan

NEW YORK, April 15, 2014 /PRNewswire/ -- World Assurance Group Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that WDAS Q2'14 group revenues have reached $1,012,500 so far this quarter for license fees associated with the completion of funding of Power Clouds 9. Power Clouds Pte. Ltd. has committed over $10.125 million this quarter to develop Power Clouds 7, 8 and 9 in Japan. As part of its technology and brand license agreement, WDAS receives 10% of the set-up costs once funding is completed and a further 3% of the ongoing revenues once these Power Clouds go into production.

Funding for Power Cloud 9 was completed last week, allowing WDAS to receive the related setup license fees, and comes on the back of over $3.6 million in license fees booked by WDAS in the first quarter. Funding for Power Cloud 10 is already over 35% complete, and at current funding take up rates, should achieve full funding in the current quarter also, which would further add to the $1 million booked by WDAS so far for this quarter. For more information on the projects, please go to: http://www.powerclouds.com/index.php/projects/.

Mr. Fabio Galdi, Chief Executive Officer of WDAS, said, "We are delighted with the increasing, worldwide interest in Power Clouds and we also clearly welcome the positive impact of Power Clouds on our planet. Not only are we building a sustainable profitable business for WDAS and for the 38,000 people who have already participated in Power Clouds so far, we have also effectively planted the equivalent of 4 million trees and have avoided 170,000 tones of Carbon dioxide emissions at this critical time of climate change. We are the beginning of this exciting business and I personally look forward to announcing many more Power Clouds and other exciting technology projects we are currently exploring".

Apr 8, 2014 WDAS Helps Raise $690,000 For Socially Innovative Projects That Permanently Improve The Living Conditions Of Those Most

NEW YORK, April 8, 2014 /PRNewswire/ -- World Assurance Group, Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that, as part of its Corporate Social Responsibility program, it has partnered with The World for People Foundation to leverage its technology and brands and has assisted in raising pledges of $690,000 to fund socially innovative projects that permanently improve the lives of people most in need.

WDAS has agreed to make its brands and technologies, including its existing wallet and money transfer technologies, available to The World for People Foundation ("WFP") on an ongoing basis at zero license fees, so long as more than 90% of the funds raised by WFP go to supporting Foundation projects.

WFP, based at Royal Exchange, London, England provides commercial and technological supports to socially innovative and life changing projects for the recipients. The Foundation is initially targeting water creation projects and is then planning to also explore green energy and projects in microfinance where it can leverage WDAS resources.

The World for People Foundation was presented for the first time to delegates at the WOR(l)D Global Network convention in Punta Cana, Dominican Republic and at the Gala Dinner on April 3, where $690,000 was pledged by the top WOR(l)D distributors. More details can be found on www.worldforpeople.org

Mr. Fabio Galdi, CEO of WDAS, who hosted the Gala Dinner, said, "We are pleased to support such a worthy cause that we have been involved with for some time and we welcome the opportunity to use our brands and technologies to assist those in greatest need."

Roberto Race, Director, WFP, said, "I am delighted with WDAS' generous contribution which will help us deliver on our goals. We look forward to continued strong partnership with WDAS. This WDAS support and money pledged will enable the Foundation to start its call for projects and begin to make life changing differences to the people associated with the projects that we support around the world."



Apr 3, 2014 WDAS Extends Existing License Revenues With Two Additional Solar Power Plants In Japan, Generating $750,000 In Revenues For Current Quarter

NEW YORK, April 3, 2014 /PRNewswire/ -- World Assurance Group Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has added two additional solar power plants to its existing license agreement, generating $750,000 in initial license revenues and ongoing license revenues generated over the life of the project.

This brings the total number of power plants under license by WDAS to 8: 3 in production, 3 in construction phase, 1 fully funded and the last 1 at an advanced funding stage.

These two new solar plants will be located in Japan. The first plant will be for 850kW (3500 power units) and the second will be 600kW (2500 power units). The total funding for these two solar plants is $7.5 million (at $1250 per Power unit), of which WDAS secures 10% in license fees and subsequent ongoing revenue share when these two plants enter production phase. The $750,000 initial license fee will be booked as revenue in the current financial quarter ending June 30, 2014, in addition to the $3.6m booked for the first quarter of 2014.

Mr. Fabio Galdi, CEO of WDAS, said, "These two new power plants establish the WDAS licensing model for our solar technology which in turn is successfully leveraging the Power Cloud's model of combining green technology with cloud computing logic. WDAS is in the fortunate position of securing a license fee for solar plant set-up as well as an ongoing revenue share for each solar plant. It is also very exciting that the next solar plants will be in Japan, which in itself will bring new challenges. However, I have every confidence in the Power Cloud team's ability and in particular Roberto Forlani, Power Cloud's CEO, to successfully overcome these challenges. On a personal level, I am delighted to make a small contribution in Japan's conversion from nuclear energy to sustainable, green energy sources."


Apr 2, 2014 WDAS Generates First Revenues of $3.6 Million and Positive Operating Profits for Quarter Ending March 31,2014

NEW YORK, April 2, 2014 /PRNewswire/ -- World Assurance Group Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has booked $3.6 million in gross revenues for the quarter ending March 31, 2014, bringing WDAS to profitability.

The $3.6 million revenue is the first licensing income for WDAS and arises from the set-up fees relating to the first 6 solar plants under the Power Cloud license agreement. The ongoing 3% revenue share portion of the license agreement will be booked going forward commencing immediately in the current quarter. The $3.6 million has subsequently been received by the Company in full.

The full financial report for the quarter ending March 31, 2014 will be posted with OTC Markets on or before May 15th 2014 in line with OTC markets reporting guidelines. Results for the full year ended December 31, 2013 are expected to be posted on or before April 14th via the OTC Markets reporting service. As previously announced, WDAS has commenced the activities necessary to become fully reporting with the SEC which will include audits of the prior two financial years and an auditor review of the first quarter of 2014.

Mr Fabio Galdi, CEO of WDAS, said, "I am clearly delighted in generating our first revenues since the merger with WDAS. Receipt of the fully paid up license fees in cash brings WDAS to profitability within Q1. The future revenue shares will secure its position going forward in 2014 and establishes the WDAS licensing business model."



Apr 2, 2014 WDAS Acquires Wor(l)d Global Assets Pte Ltd To Broaden Licensing Portfolio And Bring Immediate Revenue Streams

NEW YORK, April 2, 2014 /PRNewswire/ -- World Assurance Group Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has completed the acquisition of World Global Assets Pte Ltd ("WGA") for 50 million WDAS restricted shares. WGA is the owner of the Wor(l)d Global Network Pte Ltd brands, trademarks, technology and IP, including ADKASH, and other technology products.


WGA brands include wor(l)d, wor(l)d global network, wor(l)d communicate, wor(l)d technology, wor(l)d GMN, wor(l)d Global Cards and wor(l)d Global Money, AdKash. WGA technology includes the Magic Phone, wor(l)d Phone 4, wor(l)d Mini Tab, DigitalSIM, SoftSIM and Videowebmeet. Further information on the WGA technology and trademarks can be found at http://www.worldglobalgroup.com/?page_id=7.

WGA brings immediate and sustained revenues and profits to WDAS from the license revenues generated from the newly acquired intellectual property.

Prior to the transaction, WGA was majority owned and controlled Mr. Fabio Galdi, WDAS's Chairman and CEO. The shares issued for the transaction are restricted for two years from the date of issuance and are subject to normal affiliate restrictions. Full details of the transaction can be found in the Supplemental Information filed with OTC markets at http://www.otcmarkets.com/stock/WDAS/filings

Mr Fabio Galdi, CEO of WDAS, said, "We are delighted to bring these core assets into the Company. These brands and technologies already generate revenues from sales around the world and in turn, license fees for WDAS. This transaction brings immediate revenues and profits to WDAS and will further underpin the business licensing model for the future."

Mar 25, 2014 World Assurance Group Commences Process to Become Fully Reporting With SEC - New Website to Communicate New Business Direction Underway

NEW YORK, March 25, 2014 /PRNewswire/ -- World Assurance Group Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has commenced the process to become fully reporting with the Securities and Exchange Commission ("SEC"), with a view to having the requisite annual audits for years ending December 31, 2013 and 2012 completed within 3 months. It is anticipated that the entire process will take approximately three months, but will be driven by the audit timelines for the previous periods.

In addition, following a number of enquiries via the Company's investor relations email and links, management have decided that the current corporate website, www.worldassurancegroup.com, will be redesigned and re-launched with new branding and clearly setting out the new business direction, in conjunction with other news items that are pending, on Monday, April 1, 2014 at 20:00 EDT. Until that time, the current website will be unavailable and will display our countdown to launch and a link to investor information at OTC markets.

Mr. Fabio Galdi, CEO of World Assurance Group, said, "Moving to fully reporting status with the SEC is a personal mission of mine as it shows our shareholders and the international investment community that we are serious in building a truly market leading company and that we believe in full transparency and creditability in how we operate WDAS. This should also provide for greater shareholder value going forward in line with the exciting business opportunities and profitable operations within WDAS. In addition, we have started the process of rebranding the business to better reflect the current and future direction and have a number of exciting developments that we want to share with everyone at the same time. Therefore, we will shortly suspend the current Company website to make way for a new era in the business that will be made clear by way of a webcast from the kickoff of the Wor(l)d Global Networks Event from the Dominican republic next Monday, April 1st, at 20:00 EDT. We very much look forward to sharing our new vision and direction for the business at that time."


Mar 20, 2014 Mobile Advertising Spend Expected To Reach $18 Billion In 2014 - WDAS Signs Its Second License Agreement In Mobile Advertising And CellAd Exhibits At ad:tech, San Francisco


NEW YORK, March 25, 2014 /PRNewswire/ -- World Assurance Group Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has commenced the process to become fully reporting with the Securities and Exchange Commission ("SEC"), with a view to having the requisite annual audits for years ending December 31, 2013 and 2012 completed within 3 months. It is anticipated that the entire process will take approximately three months, but will be driven by the audit timelines for the previous periods.

In addition, following a number of enquiries via the Company's investor relations email and links, management have decided that the current corporate website, www.worldassurancegroup.com, will be redesigned and re-launched with new branding and clearly setting out the new business direction, in conjunction with other news items that are pending, on Monday, April 1, 2014 at 20:00 EDT. Until that time, the current website will be unavailable and will display our countdown to launch and a link to investor information at OTC markets.

Mr. Fabio Galdi, CEO of World Assurance Group, said, "Moving to fully reporting status with the SEC is a personal mission of mine as it shows our shareholders and the international investment community that we are serious in building a truly market leading company and that we believe in full transparency and creditability in how we operate WDAS. This should also provide for greater shareholder value going forward in line with the exciting business opportunities and profitable operations within WDAS. In addition, we have started the process of rebranding the business to better reflect the current and future direction and have a number of exciting developments that we want to share with everyone at the same time. Therefore, we will shortly suspend the current Company website to make way for a new era in the business that will be made clear by way of a webcast from the kickoff of the Wor(l)d Global Networks Event from the Dominican republic next Monday, April 1st, at 20:00 EDT. We very much look forward to sharing our new vision and direction for the business at that time."



Mar 17, 2014 WDAS Establishes New Subsidiary To House Wor(l)d Intellectual Property Licensing - Completes First Agreement In Green Technology Sector

NEW YORK, March 17, 2014 /PRNewswire/ -- World Assurance Group Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has recently established World Global Group Inc. (WGG), a wholly owned subsidiary based in Miami, Florida. WGG develops, acquires and subsequently licenses innovative technologies that are sold through the established powerful Wor(l)d Global Network (www.worldgn.com) marketing channels and to other partners worldwide.

WGG has already secured its first agreement to its technology through www.powerclouds.com. WGG owns the technology, brand and revolutionary business model, applying the cloud-computing approach to the energy market, and already operates 6 Power Clouds around the world counting 32,313 participants in over 100 countries since 2013.

Under the licensing agreements, WGG will receive 10% of the Power Cloud setup revenues, amounting to approximately $600,000 per Power Cloud installation and an ongoing 3% of the energy revenues generated thereafter.

It is intended to replicate this licensing approach in a number of different businesses, where WGG can leverage already established channels to market.

Mr. Fabio Galdi, CEO of World Assurance Group, said, "The Power Clouds project is truly revolutionary in how it addresses one of the biggest challenges to the planet today – green energy. With Power Clouds, we are bringing solar energy to local communities and making it affordable for everyone to help with this global challenge. This is WGG's first licensing agreement. It will generate immediate revenues for WDAS and will establish the basis for WGG to investigate opportunities in innovative new technologies so that WGG can become the technology bridge between innovators and our technology hungry users worldwide. We will be completing more licensing deals in the next few months. Our current target areas are in wearable technologies and mobile money, but we are open to any new technology that can be commercialized on a worldwide scale and leveraged through our existing powerful sales channels. I am very excited for the future of WDAS and what we can achieve for our shareholders over time."


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