iWorld Projects & Systems, Inc. names Jack W. Eversull to Board of Directors

Dallas, Texas—February 7, 2007--iWorld Projects & Systems, Inc. (OTC Pink Sheets: IWPS) announced today that Jack W. Eversull has joined the Company’s Board of Directors. Mr. Eversull joins current directors David Mathie and David Pells on the iWorld board. The Company is currently in the midst of a turnaround.

According to iWorld President David Pells, “Mr. Eversull is highly experienced and respected in the energy, investments and investor relations communities. His firm was formerly our IR consultant, so he is familiar with the background and status of the company. His participation on the iWorld board should provide a good indication that we are serious about growing the business again.”

Jack W. Eversull is currently President of The Eversull Group, an investor relations company based in Dallas, Texas, USA. Mr. Eversull has a BS degree in Business Administration & Accounting from Northwestern State University and an MBA from Louisiana State University. Prior to founding his own firm in 1997, Mr. Eversull retired from Atmos Energy Corporation after 34 years of service. Previous executive positions have included Vice President of Investor Relations (Atmos); System Senior Vice President, Governmental Affairs & Investor Relations (Atmos); Division Vice President (Trans Louisiana Gas Company after acquisition by Atmos’ predecessor); Senior Vice President of Operations (Trans Louisiana Gas Company, a publicly traded natural gas utility); and Management & officer positions for Central Louisiana Electric Company.

Mr. Eversull has been active in the Investor Relations profession for many years. He is past president of the Dallas-Fort Worth chapter of the National Investor Relations Institute (NIRI); past chairperson for the Southwest Regional NIRI conference; past member of the NIRI Board of Directors; and past committee member for the first two Bi-annual American Gas Association investor relations workshops. He is frequently written about or quoted in national and international IR publications and sought as a speaker for IR conferences, seminars & workshops. Mr. Eversull is also President of Capital Investment Enterprises, Inc, a commercial real estate firm, and serves on boards & advisory councils for several other firms.

Safe Harbor Statement

This news release may contain forward-looking statements within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 that are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including 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. Actual results and future events could differ materially from those anticipated in such statements.

iWorld Projects & Systems, Inc. is registered as a Business Development Company (BDC) in the USA under the Investment Company Act of 1940 and is a reporting company for SEC purposes under the Securities Exchange Act of 1934. The Company is engaged in the business of investing in and assisting small public and private operating companies with a focus on project management. Additional information can be found at www.iworldprojects.com.

SOURCE: iWorld Projects & Systems, Inc.

David L. Pells

dpells@iworldprojects.com

This release was published on openPR.