iWorld Projects & Systems, Inc. (IWPS) Announces Appointment of Independent Director DALLAS, Feb. 28 /PRNewswire-FirstCall/ -- iWorld Projects & Systems, Inc. (OTC Pink Sheets: IWPS) announced today that Dan Hodges of Tucson, Arizona has accepted its Board of Director's offer to join the Board as an independent Director, bringing the Board to a total of five members, of which three are considered independent. Daniel L. Hodges has been President and Chairman of Fidelis Energy, Inc. (OTC:FDEI) (BULLETIN BOARD: FDEI) , an oil and gas exploration company, since 2004, as well as an instructor in the F-16 Fighter jet in Tucson, Arizona since 1997. From 1995 to 2002, Mr. Hodges took part in the formation and/or public registration of multiple public companies as an investor. Privately, Mr. Hodges has been involved in real estate developments and residential subdivisions in Southern Arizona since 1993. Mr. Hodges also serves as Chairman of the board of directors of Bronco Energy Fund, Inc., a public Business Development Company under the Investment Company Act of 1940, with interests in coal mining operations as well as green power technologies and related investments. "We are fortunate to have a professional of Dan's caliber and experience as a member of our Board," stated Robert Hipple, iWorld CEO. "Dan's background and experience will provide us with a strong advisor as we implement our investment and management plans and grow the company in new directions." iWorld Projects & Systems, Inc. is a Business Development Company (BDC) under the Investment Company Act of 1940 and also is a fully reporting company for SEC purposes under the Securities Exchange Act of 1934. As a BDC, the Company is engaged in the business of locating, investing in and assisting in the management of small public and private operating companies, and plans to raise capital for investment in suitable portfolio companies. Safe Harbor Statement Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward- looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise which could prevent the prompt implementation of any strategically significant plan(s) outlined above. The company cautions that these forward-looking statements are further qualified by other factors including, but not limited, to those set forth in the company's Form 10-K filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov/ ). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise. DATASOURCE: iWorld Projects & Systems, Inc. CONTACT: David Pells, iWorld Projects & Systems, Inc., +1-214-236-8480 Web site: http://www.iworldprojects.com/

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