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 Inform
Worldwide Holdings, Inc. (IWWI) is identifying and pursuing revenue
opportunities in natural resources development and servicing. The
Company recently entered into an agreement with Soam Oil & Gas
Investments, LLC to acquire Soam's interest in two significant oil and
gas projects in Osage County, Oklahoma and is also acquiring surface
coal leases in Indiana County, Pennsylvania.
The
Company was incorporated as Anything, Inc. in August, 1997 and operated
as an e-commerce service provider. It was re-named Inform Worldwide
Holdings, Inc. in 2000 and was a provider of E-commerce services which
included location-aware internet applications. More recently, the
Company shifted its business focus to natural resource development and
servicing.
Company Highlights
Production from two oil and gas projects
The
Company has partnered with Soam Oil & Gas Investments, LLC for an
80% net revenue interest in two projects in Osage County. The projects
are spread over 2,700 acres of land and include 68 wells which are
currently producing nearly 60 barrels of oil per day and $20,000 worth
of gas per month. Of these existing wells, 22 are inactive and offer
opportunities to potentially double production through re-drilling.
High oil prices ensure visibility of earnings
Crude
oil prices, which increased to around $77 per barrel in 2006, are
currently trading in a range of $62-$65 per barrel. Substantial price
increases in recent years reflect increased demand, declining
stockpiles and tensions in the Middle East which contribute to price
volatility. A large percentage of global oil resources are located in
areas characterized by political unrest so increased tension often
leads to price escalation. Higher average oil prices ensure visibility
of earnings from Inform Worldwide’s future production activities.
Revenue diversification through coal mining assets
The
Company has partnered with Soam Oil & Gas Investments, LLC for an
80% net revenue interest in two projects in Osage County. The projects
are spread over 2,700 acres of land and include 68 wells which are
currently producing nearly 60 barrels of oil per day and $20,000 worth
of gas per month. Of these existing wells, 22 are inactive and offer
opportunities to potentially double production through re-drilling.
Production from two oil and gas projects
The
Company is pursuing acquisition opportunities in the coal market that
will help diversify its revenue sources and reduce the risk associated
with concentrating on oil and gas assets. The Company recently formed a
Coal Advisory Board, led by Mark Rodak and Bruce Rosen, to identify
acquisition opportunities and perform due diligence on prospective coal
projects. Mark Rodak has over 14 years diverse mining experience as a
consultant and manager and operated an underground coal mine in
Pennsylvania. Bruce Rosen has 29 years of coal brokering, sales and
marketing experience and operates a privately-owned coal brokerage firm.
Consistent
with this focus on coal projects, Inform Worldwide recently purchased
15 pieces of heavy equipment used in the surface mining of coal, paying
for the equipment with 166,667 restricted shares of common stock. The
Company intends to contribute the equipment and operating funds to
potential coal mining joint ventures and is seeking partners who can
provide operations and expertise. In early June, Inform Worldwide
acquired a surface coal leased located in Indiana County, Pennsylvania
called the Topper lease for a $5,000 cash payment and common stock. The
Topper lease is one of three leases that makes up the Nowrytown #1 mine
site; the Company is finalizing negotiations with the other
leaseholders and expects to close shortly. The Nowrytown #1 mine site
consists of 293 permitted acres that have historically produced
approximately 3,000 tons of coal per month. Drilling records indicate
that there are approximately 100,000 tons of coal in place.
High Demand Fuels Exploration
The
oil and gas exploration industry has experienced strong growth in
recent years in terms of both volume and prices. Oil and natural gas
are vital energy resources required for economic growth. With the world
economy forecast to grow 3.8% annually (Source: International Energy
Outlook 2006), total world energy consumption is expected to rise from
421 quadrillion British thermal units (QBTU) in 2003 to 722 QBTU in
2030 while natural gas consumption is expected to increase from 95
trillion cubic feet (TCF) in 2003 to 182 TCF by 2030.
Petroleum
consumption by the transportation sector is increasing and there are
few viable alternatives available to fossil fuels. Approximately 50% of
the projected increase in oil consumption by 2030 is expected to come
from the transportation sector. The industrial sector will account for
another 39% of the consumption increase. The remaining 11% growth in
consumption will come from the household and commercial sectors.
Crude
oil prices are very volatile and are impacted by a variety of factors
including expectations of economic growth, political unrest in the
Middle East and changes in inventory levels. Oil prices peaked at $77
per barrel in 2006 and have since retreated to a $65 per barrel range.
Prices are not expected to weaken any time soon.
Recent IWWI News:
June
13 - Inform Worldwide Holdings Details Recent Events and Market Outlooks in Letter to Shareholders
Inform Worldwide Holdings, Inc. (OTCBB: IWWI), a natural resource
development company focusing on exploring the untapped potential of
Natural Gas, Oil, and Coal properties, is pleased to announce the
release of a shareholder letter from the CEO Ashvin Mascarenhas. Full
text of the letter continues below.
Dear Shareholder,
The demand for energy resources such as oil, natural gas and coal are
increasing as a result of the increase in population and industrial
expansion. In the U.S. alone, oil consumption is projected to reach
nearly 26.1 million barrels a day by 2025, according to the Energy
Information Administration. Inform Worldwide Holdings seeks to
capitalize on this explosive growth by tapping resources and properties
in the United States.
Recently, we have diversified our production portfolio by including
Coal assets and by installing a Coal Advisory Panel. Members of this
Panel include our most recent member Mr. Ralph Smith, President of
Ralph Smith & Son, Inc. Mr. Smith has completed thousands of mining
and excavation projects and is a second generation miner. His expertise
in exploration of mining properties is a valued asset and we welcome
him to our team.
Our Company has excelled thus far in being able to obtain our energy
resources from start to finish. We have sought out to employ only the
best geographic technicians, exploration experts, drilling engineers,
etc. It is because of these unique experts in their field that Inform
Worldwide Holdings is able to re-develop and tap into areas to produce
high quality energy resources with a minimal amount of waste. IWWI will
continue this successful strategic mission.
Through our recent acquisitions of mining equipment and a coal lease in
Pennsylvania, the Company has completed its first steps of our coal
production plan. We are anticipating to be actively mining coal within
a very short time frame. Historically this site has produced
approximately 3,000 tons per month with drilling records indicating
100,000 tons in place. Once mining commences, this project will bring
immediate revenue into the Company, the first in many years.
The Company is actively exploring opportunities in the oil and gas
sector. The Company is entering into an agreement with an affiliate
Soam Oil & Gas Investments, LLC to acquire under producing projects
that with the use of new techniques and technology will substantially
increase current product. The Company has identified two projects that
fit this criteria which, if successfully acquired, will bring
additional immediate revenue to the Company.
Inform Worldwide Holdings is also a company which is sensitive to our
fragile environment and community. Through our Coal enterprises, we can
obtain Federal Environmental Credits from our efforts to clean toxic
sites known as Slurry piles. These piles are usable piles of mined coal
that were left on the surface of the Earth decades ago. These toxic
piles leech into the river systems and groundwater. Inform Worldwide
Holdings intends to seek out these piles and repurpose the natural
resource so that nothing goes to waste.
We believe that Inform Worldwide Holdings is poised for tremendous
growth in the upcoming years. Demand for our U.S. products will
continue to increase as our dependence on foreign oil subsides. We have
a very positive outlook for the future and hope that you, our
investors, will keep a watchful eye on the new developments in the
upcoming months.
June 11 - Inform Worldwide Holdings, Inc. Announces Appointment to the Coal Advisory Board
Inform Worldwide Holdings, Inc. (OTCBB: IWWI) (the "Company") announced
recently that the Company has appointed Ralph Smith to the Company's
Coal Advisory Board. Mr. Smith's duties will be to identify and perform
due diligence on prospective coal projects for the Company to acquire.
Ralph Smith, President of Ralph Smith & Son, Inc., is a second
generation miner whose career in the industry began in 1962. Ralph
Smith founded Ralph Smith & Son, Inc. with his father, Ralph L.
Smith, in 1972. Ralph Smith & Son, Inc. has successfully completed
thousands of mining and excavation projects and has operated as both a
contract miner and operator of coal projects throughout the region.
June 6 - Inform Worldwide Holdings, Inc. Announces Acquisition of Coal Lease
Inform Worldwide Holdings, Inc. (OTCBB: IWWI) (the "Company") announced
recently that it has acquired from Opal Industries, Inc. ("Opal") the
"Topper" surface coal lease located in Indiana County, Pennsylvania.
Pursuant to the terms of the agreement the Company has paid Opal a
$5,000 cash payment and will issue Opal restricted shares of the
Company's common stock in an amount equal to $15,000.
The Topper lease is one of three leases that make up the "Nowrytown #1"
mine site. The Company is in final negotiations with the holders of the
other leases. The Company expects to reach a final agreement with the
holders shortly.
The Nowrytown #1 mine site consists of 293 permitted acres and has
historically produced approximately 3,000 tons of coal per month.
Drilling records indicate that there are approximately 100,000 tons of
coal in place.
The
current surface mine permit and bonding of the Nowrytown #1 mine is
held by Opal. The Company will be able to operate immediately under
Opal's permit while the Company completes the permit transfer process.
The Company will also be utilizing Opal's bond until the Company
secures the permit at which time the bond will be replaced.
June 4 - Inform Worldwide Holdings, Inc. Announces Purchase of Coal Surface Mining Equipment
Inform
Worldwide Holdings, Inc. (OTCBB: IWWI) (the "Company") announced
recently that the Company has entered into a purchase agreement with
Kajon Materials, Inc. ("Kajon") to acquire fifteen (15) pieces of heavy
equipment used in surface mining of coal in which Kajon holds a
security interest. The equipment includes a Cat 235, 322 and Komatsu
PC200 excavators, five loaders including a Cat 980B, 928G and 960F,
Case 580K and W-26, six dozers including a 50, two (2) FD 40, a HD, a
Dart 600C and a Fiat Allis 945B, and a JI Case 580K backhoe with
loader.
Kajon will receive 166,667 restricted shares of the Company's common
stock. The Company retains an eighteen (18) month exclusive option to
repurchase up to 150,000 shares of the restricted shares for $200,000.
The shares subject to repurchase cannot be transferred during the
option period. The Company will have free title to the equipment
subject to Kajon's secured interest, which Kajon will release upon
receipt of the first $50,000 in repurchase payments.
This equipment purchase is the first of many steps the Company is
taking to enable the Company to actively participate in coal projects
identified by the recently appointed Coal Advisory Board. On a
project-by-project basis, the Company intends to use the equipment and
operating funds as the Company's contribution to potential ventures.
The Company will seek competent partners to provide operations and
expertise.
June 1 - Inform Worldwide Holdings, Inc. Announces Appointment to the Coal Advisory Board
Inform Worldwide Holdings, Inc. (OTCBB: IWWI) (the "Company") announced
recently that the Company has appointed Bruce Rosen to the Company's
Coal Advisory Board. Mr. Rosen's duties will include identifying and
performing due diligence on prospective coal projects for the Company
to acquire.
Mr. Rosen has 29 years of experience in coal brokering, sales and
marketing, terminal operations and coal purchasing. Mr. Rosen currently
owns and operates a privately owned coal brokerage firm.
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