Wowio Inc. (WWIO)

[stockmasterflash]

The relevant part of the PR

Over the last couple of years, the Company has been dormant due to a lack of funding and the inability to take the products they have been working on to market. Much of the prior funding was done using convertible common stock transactions and there is a considerable amount of that paper still to be converted. In addition, there is other debt, some of which we are just learning about that will need to be resolved.

Notwithstanding the convertibles and other debt, we believe that over time, we can make Wowio a very successful company.