NEWPORT BEACH, CA -- (Marketwire) -- 05/02/12 -- Compass Biotechnologies Inc. (PINKSHEETS: COBI) or ("Compass") is pleased to update its shareholders and announce its intentions to move forward with its plans to refocus the core business model and direction of the company.
Under the direction of company's newly appointed CEO, Thomas Krucker, Compass has shifted its focus to the global financial services sector, focusing on international companies that have established business and cash flow to complement our refocused business acquisition strategy.
Compass is pleased to announce today that the company has completed the necessary due diligence and finalized all agreements to acquire 1World Direct Holdings Inc ("1World"). 1World is a global marketing company and financial service provider with offices in the US and Asia. Mr. Krucker added, "1 World specializes in leveraging emerging technologies and strategic alliances in the global financial market place and brings to the company immediate business opportunities. 1World is currently generating business and within the coming weeks will be cash flowing and generating revenues to benefit the current shareholders of Compass. We believe that this is the first of several acquisitions that will help increase our footprint in the financial services sector and I am very excited to share this with our shareholders today."
Additional details will be forthcoming over the next several weeks, please visit our website: www.oneworlddirect.net. The company will continue updating OTC Markets along with its website as a continued source of information to keep our shareholders up to date on all progress and developments.
ABOUT COMPASS BIOTECHNOLOGIES INC.
Compass Biotechnologies Inc. is a diversified holding company providing global financial solutions in partnership with emerging technologies, coupled with effective positioning and unique global marketing strategies. Compass also leverages emerging technologies in strategic alliances in the global financial market providing creative solutions and market opportunities.
ABOUT 1WORLD DIRECT
1World Direct integrates and provides direct payment systems into the global community including stored value debit cards. 1World leverages the integration of its branded cards and expands access to its stored value cards for consumers through multiple distribution channels generating continued profits for its shareholders. 1World provides a singular, competitive resource for affordable funds transfer and stored value products and services.
FORWARD LOOKING STATEMENTS
Certain statements in this release, other than statements of historical fact, may include forward-looking information that involves various risks and uncertainties. There can be no assurance that such forward-looking statements will prove to be accurate. Actual result and future events could differ materially from those anticipated in such statements. These and all subsequent written and oral forward-looking statements are based on the estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. The Company assumes no obligation to update forward-looking statements should circumstances or management's estimates or opinions change, other than as required pursuant to applicable securities laws.
For further Information and inquiries:
Compass Biotechnologies Inc.
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