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TBII TransWorld Benefits International Inc. featured news, full reports, and detailed charts

TransWorld Benefits International Inc. (TBII/TBII.PK) Wrap Up:

TransWorld Benefits International, Inc., a development stage company, engages in the provision of emergency travel services to the funeral, insurance, travel, Internet, and credit card industries. The company would generate revenue through direct sales or licensing of its proprietary products, such as the return of remains of the deceased by private executive aircraft. The company also intends to market and sell insured plans for the repatriation of remains benefit, medical evacuation and necessary repatriation, as well as accidental death and dismemberment benefits. The company was founded in 1996 and is based in Newport Beach, California.
www.twbi.com
Founded in 1996

TransWorld Benefits International Inc. (TBII:OTC)

Market Cap
1.5M
Total Revenue
--
EBITDA
1.1M
DILUTED EPS TTM
-0.04
P/E
--
P/S
--
Return On Asset
-1,906.15
Return On Equity
181.16
K = Thousands  M = Millions  B = Billions

TBII Top Compensated Officers

Mr. Charles Chuck Seven
Chairman, Chief Executive Officer and Preside...
Age: 65
Total Annual Compensation: $212.5K

Executives, Board Directors

Compensation as of Fiscal Year 2007.

Key developments for TransWorld Benefits International Inc. (TBII)

TransWorld Benefits International Inc. Announces Change of Auditor

On December 24, 2008, TransWorld Benefits International Inc. dismissed De Leon & Company, P.A. as the Company's independent registered public accounting firm. The decision to change the Company's independent registered public accounting firm was approved by the Company's Board of Directors. On December 24, 2008, the Company engaged Rose, Snyder & Jacobs Corporation as its new independent registered public accounting firm.

TransWorld Benefits International Inc. Announces Commitment for $1 Million Loan

TransWorld Benefits International Inc. revealed that a USD 1 million loan commitment has been received by the company from its CEO and major shareholder, Charles Seven. The company received USD 400,000 at the beginning of 2009. The loan proceeds have been earmarked for corporate operations and working capital for its primary division, 7G Loyalty, a provider of customer loyalty systems.

Transworld Benefits International Inc. Executes Two Notes

TransWorld Benefits International Inc. announced that it has executed two notes payable and was loaned $655,000 by an entity over a seven month period from April thru October 2008. Each note provides for a fixed amount of interest of $10,000 payable at maturity on October 31, 2008. Subsequently the Company received one year extensions for repayment of principal and interest until October 31, 2009. The Company's majority shareholder guaranteed the loans. On January 1, 2009 the Company's majority shareholder committed to loaning $1,000,000 to the Company of which $400,000 has been infused in 2009. The note will accrue interest at 8% per annum. The shareholder will receive warrants on the Company's common stock exercisable at market value when the loans exceed $500,000.

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Industry Analysis

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TBII transactions

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