WDAS Announces 1-for-50 Reverse Stock Split

NEW YORK, June 4, 2014 /PRNewswire/ -- World Assurance Group, Inc., (www.worldassurancegroup.com) (OTCMarket Pink: WDAS) (the "Company"), today announces that the Company has filed for FINRA approval and anticipates the reverse stock split will be effective at the opening of trading on June 16, 2014.

The Board and a majority of the Company's shareholders approved the reverse stock split at a ratio of 1-for-50. Following the reverse stock split, the Company expects to have approximately 37,252,609 million shares of common stock outstanding.

As a result of the reverse stock split, every 50 shares of the Company's common stock that were issued and outstanding immediately prior to the opening of trading on June 16, 2014, will automatically be combined into one issued and outstanding share without any change in the par value of such shares. The reverse stock split is pending FINRA approval.

"The reverse stock split does not fundamentally change stockholder value or the market capitalization but we believe increasing the price per share will make our stock more attractive to a broader institutional investment community and ultimately increase current stockholder value," said Fabio Galdi, WDAS' Chairman and CEO.

About World Assurance Group

World Assurance Group, Inc. (WDAS) is a holding company that currently operates through three wholly owned subsidiaries: Cellad Inc., a digital media company based in Ireland operating in the global mobile advertising industry. World Global Group Inc. (WGG), an intellectual property licensing company based in Miami, Florida and World Global Assets Pte Ltd (WGA), based in Singapore and which owns the Wor(l)d Global Network Pte Ltd brands, trademarks, technology and IP. Cellad's Adkash smartphone app is revolutionary new cloud advertising platform that allows advertisers and brands to deliver high definition, full screen adverts, coupons and click-through offers to subscribers via smartphone applications. When AdKash is installed on the user phone, every time they receive an inbound call or text message, AdKash pays the subscriber a fee in the form of cash or other agreed medium. WGG develops and acquires innovative technologies that are disruptive to existing processes.  Additional information may be found at www.worldassurancegroup.com

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.

SOURCE World Assurance Group, Inc.

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