News Column

WDAS Reports $7.4 Million Licensing Revenue for the First Half of 2014 and Prepares for Dividend Payment

July 24, 2014

NEW YORK--(BUSINESS WIRE)-- World Assurance Group, Inc. (www.worldassurancegroup.com) (OTC Pink: WDAS) today announces that it has filed unaudited results for the three and six months ended June 30, 2014, via the OTC Markets Disclosure & News Service.

Key results of the unaudited financials for the half year ending June 30, 2014 include:

         
WDAS       For the six months ended
      June 30,

2014

      June 30,

2013

Revenues

   

$

7,436,965

     

$

-

Net Profit $ 6,719,411 $ (188,701 )
Total Assets       $ 7,048,242       $ -  
 


WDAS is preparing for the Q2’14 dividend of 5 cent per share to all shareholders of record as of the close of business June 30, 2014. The dividend is due for payment August 20, 2014.

Full details of the Company's filings are accessible at http://www.otcmarkets.com/stock/WDAS/filings.

Mr. Fabio Galdi, CEO, WDAS, said, "This quarter was another strong quarter for WDAS. Our sustained financial performance enables us to break new ground in OTC markets - by paying a dividend!

Our strong financial position allows us to continue our share buy back program and to invest in our research and product development activities, which underpins and drives our licensing activity and growth.

We are well placed to deliver on our technologies in development and anticipate sustained growth from our existing, proven revenue generating products and services and from our new, unique emerging technologies.”

About World Assurance Group

World Assurance Group, Inc. (WDAS) is a holding company operating through three wholly owned subsidiaries. WOR(l)D Global Group Inc., based in Miami, Florida is the group’s research center. World Global Assets is an intellectual property licensing company based in Singapore. CellAd (www.cellad.com), based in Dublin, Ireland, operates in the global mobile advertising industry and has developed a revolutionary cloud based advertising platform that combines with the AdKoin app to deliver full screen advertisements to the user’s smartphone every time they receive an inbound call or text message. Users download and keep the AdKoin app because the ads are targeted and they get rewarded AdKoins for every ad view.

This press release contains forward-looking statements. Words such as “expects”, “intends'', “believes'' and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.




Investor Relations:

Sean McVeigh, 855-467-6500

info@worldassurancegroup.com


Source: World Assurance Group, Inc.


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