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Oneworld Energy Announces Results for the Three Quarters Ended September 30, 2009

The Company completed its Financial Statements for the nine months ended September 30, 2009 along with the related Management Discussion and Analysis. These management prepared documents are available upon request.

Please reply to this email if you would like to receive a copy or you may contact us anytime at info@oneworldenergy.com.

HIGHLIGHTS OF RESULTS

  • Oneworld completed various initiatives to position it for growth and prepare it for the next phase. The Company continues to be focused on its “go public” endeavours and these initiatives included:
  • Streamlining the corporate structure
  • Adding additional wind energy capacity
  • Adding additional solar energy capability both from the installation and capacity perspective
  • The Company added additional management bench strength through the acquisition of different entities and also the direct hires;
  • Oneworld improved financial performance as revenue for the three quarters ended September 30, 2009 increased 21% , EBITDA losses before non recurring items decreased by 65% and cash flow from operations improved by over 90%;

“The Oneworld Energy team remains focused on advancing our growth opportunities and expanding Oneworld into a significant international independent power producer,” said R. Charles Allen, Chief Executive Officer and President of Oneworld Energy. “We have reached an important point in our history as we begin to see considerable growth. The hard work that we have put in during the first 9 months of 2009 will lead us to future growth opportunities in 2009 and beyond. With the acquisitions that we have completed to date, we have more than doubled the size of Oneworld Energy and will show quarter over quarter growth during a period of worldwide economic downturn. As we move into 2010, we anticipate being able to take on larger energy projects for our own account. Additionally, after much consideration and planning, a key component of our growth strategy has been achieved through the
hiring of Peter Kampian as Executive Vice President and Chief Financial Officer. While we are a growing company, we recognize the need to create sustainable growth and to diversify and mitigate risk as much as possible.”

Mr. Kampian added, “It is very exciting to be a part of the Oneworld Team. This is wonderful opportunity and the growth potential is tremendous. I think we have some exciting times ahead of us as we build a great company”.

About Oneworld Energy Inc.
Oneworld is a diversified international renewable energy company that commenced operations in 2003. Oneworld’s primary goal is to become an independent power producer by constructing, owning and operating over 500 MW of renewable energy projects and generating revenues of $500+ million by 2015. The company is focused on developing, owning and servicing renewable energy assets in diversified geographic markets. The company has 85 employees in offices throughout North America and Europe. Oneworld has three operating divisions ? Solar Energy, Wind Energy and Operating & Maintenance Services. To date, Oneworld has designed, planned and constructed over 60 MW of wind and solar energy parks for clients in Canada, Europe and the US.

For more information contact:

Charles (Chuck) Allen, President & CEO
Email: callen@oneworldenergy.com
+1.416.622.7007

Peter Kampian, Executive Vice-President and CFO
Email: pkampian@oneworldenergy.com
+1.416.622.7007

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