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One Holdings, Corp. : ONE Holdings Announces Michael Weingarten as New Chairman

^{Published on 2009-08-26 06:11:58, Last Modified on 2009-08-26 06:11:59 - Market Wire}
 

MIAMI, FL--(Marketwire - August 26, 2009) - ONE Holdings, Corp. (OTCBB: [ ONEZ ]) ("ONE" or the "Company") ([ www.onehcorp.com ]), an investment company owning majority equity interest in core operating assets in Biotechnology located in the Asia Pacific region, is delighted to announce the election of Mr. Michael Weingarten as Chairman of the Board.

Mr. Weingarten is a true visionary with more than 30 years of international business practice experience. Mr. Weingarten will be adding to ONE's dynamic team his long history of investment expertise and his savvy business touch. For the past 30 years Mr. Weingarten has successfully led a multitude of companies ranging from early stage development to multimillion dollar corporations worldwide. Mr. Weingarten also participated in over 40 mergers and acquisitions in his career and raised millions to fund both organic growth and acquisitions.

"Someone with Michael's credentials doesn't come by often. ONE is extremely fortunate to catch his attention," stated Interim President Mr. Marius Silvasan. "With Michael's far-reaching international background he will provide needed support and guidance that will help ONE acquire, fund and grow biotechnology and health-related companies in the Asia-Pacific region," added Mr. Silvasan.

"This is my most exciting undertaking yet," said Mr. Weingarten. "More importantly, ONE has a distinguished management team which combines financial expertise, public market knowledge and "savoir-faire" of the Asian business culture that is a difficult match. I look forward to working side by side with Marius, a proven leader with a strong focus on capital preservation while creating shareholder value in both private and publicly traded companies," added Mr. Weingarten.

Mr. Weingarten has served as Chairman, CEO and President in both publicly traded and privately owned companies. He currently serves as Chairman for TFS Trade Finance Solutions Inc. (an asset based lending provider), BAM Technology Inc. (a technology distribution company) and Keda Consulting Services, Inc. (a provider of technology solutions). Prior assignments include Chairman and CEO for Commercial Consolidators, Corp. ("CCC") from 1999 to 2002. CCC was a provider of brand name consumer products such as Sony, Samsung, Sanyo, HP, Dell, and Phillips. Prior to CCC Mr. Weingarten was the Chairman and CEO for Complete Tele-Management, Corp. ("CTM") from 1997 to 1999 (CTM was the exclusive white label local and bundled customer service billing and sales provisionary for AT&T Canada), Preferred Management, Corp. ("PMC") from 1994 to 1996 (PMC was the first bundled local and long distance alternate service for commercial customers in Canada) and Consumer Telephone, Corp. ("CTC") from 1991 to 1993 (CTC was the first long distance option for residential and commercial customers in Canada). From 1979 to 1991, Mr. Weingarten was the CEO of Network Business Supply, Inc. and Majestic Paper.

About ONE Holdings, Corp.

ONE Holdings, Corp. ("ONE") (OTCBB: [ ONEZ ]) ([ www.onehcorp.com ]), headquartered in Miami, FL, is an investment company owning majority equity interest in core operating assets in Biotechnology located in the Asia Pacific region. Through ONE, smaller private companies gain access to capital, experienced management and strategic insight. ONE intends to build strong synergies amongst all subsidiaries to enhance shareholder value. ONE is working with each subsidiary to promote organic and acquisition driven growth. ONE plans to leverage its' financing and distribution subsidiaries to provide ONE's very profitable biotechnology businesses with growth capital and expanded distribution allowing them to achieve scale. As scale is achieved, ONE intends to bring each subsidiary public to maximize value to its investors.

This press release includes statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). ONE Holdings, Corp. claims the protection of the safe-harbor for forward-looking statements contained in the Reform Act. These forward-looking statements are often characterized by the terms "may," "believes," "projects," "expects," or "anticipates," and do not reflect historical facts. Specific forward-looking statements contained in this press release include, but are not limited to: our successful integration of diversified growth companies, impact of the company's expansion plan, and new business development success, future financial results, development and acquisition of new product lines and services, the impact of competitive products or pricing from technological changes, the effect of economic conditions and other uncertainties. The forward-looking statements contained herein involve risks and uncertainties that could cause actual results to differ materially from the expectations contained in any such forward-looking statements. These risks include, but are not limited to: failure to manage operating expenses or integrate new companies and/or technologies, each of which could have a material impact on our business, our financial results, and the company's stock price. These risks and other factors are detailed in the Company's regular filings with the U.S. Securities and Exchange Commission. Most of these factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made and ONE Holdings, Corp. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.