FutureWorld Corp. (OTCPK:FWDG) agreed to spin-off 54% of URVape, Inc. to its shareholders on July 23, 2014. All the shareholders of FutureWorld, as of the record date, will be eligible to receive one share of URVape common stock for every Forty one shares of FutureWorld common stock owned as of the "record date" on the "distribution date." All FutureWorld shareholders will maintain their current share positions in FutureWorld after the spin-off.

Upon the completion of the transaction, FutureWorld Corp will maintain a 46% ownership position in URVape. URVape, Inc. is expected to trade under its own symbol on NASDAQ, OTCBB or OTCQB upon effectiveness of the registration statement filed with the Security and Exchange Commission. All FutureWorld shareholders holding restricted 144 shares will receive restricted 144 non-tradable shares of URVape as dividend.

URVape has an issued and outstanding 20 million shares of common stock in which 10.8 million (54%) will be spun off as dividends to FutureWorld shareholders. The record date will be determined shortly and the distribution date of the spin-off dividend or shares of URVape will be announced if and when the registration statement with the SEC is declared effective and upon the NASD providing the trading authorization and a trading symbol. The transaction is approved by Board of Directors of FutureWorld Corp.