One World Holdings Inc (OTCMKTS:OWOO) About To Breakout

One World Holdings Inc (OTCMKTS:OWOO) is a name that should be on every penny stock investor's radar. The company is on the verge of some major developments and has been quietly working behind the scenes to become one of the country's fastest growing doll companies. This comes as the company has several of the top names in the business behind it and is about to become Tonner-One World Holdings Inc.Last December, One World and the Tonner Doll Company agreed to merge into one company. The deal came about after the two companies collaborated on the Prettie Girls! Tween Scene collection, which launched in October 2015 at approximately 3,000 Walmart stores nationwide and has generated a significant reorder. The merger will be a stock-for-stock transaction in which 100 percent of Tonner Doll Company's shares will be converted into an equal number of shares of One World Holdings, the parent company of The One World Doll Project. The combined organization will have approximately 25 employees across Texas, New York and California.The new management team will consist of President Robert Tonner, OWOO CEO Corinda Joanne Melton, and COO Jack Kralik. Stacey McBride-Irby, a former Mattel designer who developed Mattel's first authentically designed African-American dolls prior to launching the One World Doll Project's Prettie Girls! collections, will work with Tonner to develop new children's products.What's so exciting for OWOO is the addition of Robert Tonner. He founded The Tonner Doll Company in 1991. Mattel wanted to buy his company back in 1999, but he turned Mattel down. By merging with OWOO, this is quite a coup for OWOO shareholders because he could have sold the company to Mattel or chosen to list on NASDAQ.[embed]https://www.youtube.com/watch?v=PwkUXeKGtWA[/embed]For those not familiar with the Tonner Doll Company, it has quite a reputation in the doll world. According to OWOO, "the company has earned an esteemed reputation for creating the highest quality and most detailed collectible doll and accessories. Tonner's products have been displayed in the Louvre complex and his immaculately proportioned creations have earned him the rights to bring: The Wizard of Oz, Harry Potter, The Big Bang Theory, Twilight, Avatar, Superman, Spider-Man, Gone With the Wind, and myriad other film, television and comic book characters to exquisite life worldwide."When you combine Tonner with One World, you get the picture as to how exciting the combination will be. The company's One World Doll Project was established in 2010 by Trent T. Daniels and Stacey McBride-Irby. They determined there was a major opening in the market for multicultural dolls. The customer base of racially mixed children between the ages of 6-11 in the United States was estimated at 24.3 million in 2009. And due to the market domination by Hasbro and Mattel, their strategy was to focus on African-American and multicultural markets which are extremely underrepresented.Further helping to drive the success of the new Tonner-One World is a Connecticut based private equity firm that has been a primary funder of One World Holdings for the past three years. This private equity company has agreed to fund the company with an additional $750,000 and plans continue to fund One World Holdings until it completes a proposed $5,000,000 round of private equity financing. OWOO CEO Corinda Joanne Melton said:

"The combination of The One World Doll Project and Tonner Doll Company creates an exciting opportunity for our company, for our customers, and for our shareholders. In addition to creating a world-class toy company, this is a compelling financial and strategic transaction for our shareholders. Robert Tonner and his team have created a multi-million dollar collector doll company that, combined with One World, has the foundation for massive future growth, new product development and maximization on current licenses to create product for some of Hollywood’s biggest television and film projects.”

The latest news from the company is that it has secured a two year licensing agreement with Twentieth Century Fox Consumer Products, to create a special line of collector dolls based on the critically-acclaimed, hit television series, Empire. The story was widely covered by USA Today, Entertainment Weekly, VH1, ESSENCE and an array of other publications, furthering the excitement around Empire’s characters being immortalized by collector edition dolls. The company said:

A television ratings powerhouse, Empire has made its mark as a cultural phenomenon and fashion influencer. The Empire licensing deal not only aligns Tonner-One World with a national television network, but expands the reach of its fashion-play brand to a wider audience at an accelerated rate of market penetration. Management is confident that the relationship with Empire, will serve as a great platform to increase brand awareness for the PRETTIE Girls!^™, Tween Scene ^™ and Dream Babies ^™.

Currently trading with a market cap of just $1.44 million, OWOO is at the forefront of the $2.8 billion doll market. Once the merger is complete, we expect revenues to ramp up dramatically as additional retail distribution outlets open up, and more importantly, a licensing deal with a major television network gets completed. Robert Tonner is a huge name in the doll and entertainment industries already and he's about to become one on the public markets with OWOO and the new Tonner-One World Holdings Inc. We will be updating Insider Financial as soon as we know more. For continuing coverage on OWOO, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in OWOO and have been compensated $100 for this article by a third party.