Corporate Profile for World Ventures Inc., dated July 19, 2002.

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Published Date:   July 19, 2002

Company Name:     World Ventures Inc.

Address:          102 Piper Crescent
                  Nanaimo, BC
                  V9T3G3 Canada

Main Telephone
 Number:          250/756-0291

Internet Home
 Page Address
  (URL)           n/a

Chief Executive
 Officer:         Ray Carson

Chief Financial
 Officer:         Stewart Jackson

Investor Relations
 Contact:         Ray Carson
 Business number: 250/756-0291
 E-mail address:  [e-mail]

Public Relations  n/a
 Contact:
 Business number:
 E-mail address:

Industry:         Enviro-Sensitive Products & Gold Mining

Trading Symbol/
 Exchange:        WVNTF

Market Makers: (if public) n/a

Company description:

Financial Statistics       Data as of 6/11/02
---------------------------------------------
Recent Share Price                  $ 0.08
52-Week Range
         High                       $ 0.27
         Low                        $ 0.01
Market Capitalization                $0.64 MM
Average Volume                      10,000 Shares
Shares Outstanding
         Common Shares                8.0 MM
         Preferred Shares             0.0 MM
Shares Authorized
         Common Shares               50.0 MM
         Preferred Shares             0.0 MM


              Fiscal Year ended  Fiscal Year ended  Fiscal Year ended
               Oct. 31, 2001       Oct. 31, 2000       Oct. 31, 1999
----------------------------------------------------------------------
Revenue            $0.00               $0.00             $7,233.00
Costs and
 Expenses   ($243,561.00)       ($186,709.00)         ($167,065.00)
Write Down
 of Resource
 Property    ($44,095.00)              $0.00           ($86,264.00)
Write Down
 of Capital
 Assets &
 Deferred
 Costs             $0.00               $0.00          ($881,279.00)
Net (Loss)
 Income     ($287,656.00)       ($186,709.00)       ($1,127,375.00)


    Business Summary

    World Ventures, Inc. ("World Ventures" or the "Company") is a
diversified company with business units active in marketing and
distribution of lubricant additives for global markets, and in gold
exploration in the U.S.A. Founded as Nu-Dawn Resources, Inc. in 1980
in British Columbia, Canada, the Company historically has focused on
opportunities associated with mineral properties. In recent years, the
business focus of the Company has widened to include other business
activities that are potentially very profitable.
    In March of 2002, the Company announced its agreement to acquire
all formulae, rights, titles, and interests for the Friction Guard
MX4(TM) concentrate, a lubricant fortifier that has a 25-year history
of product success. In May of 2002, the Company announced that it has
optioned a potentially gold-rich mining property in Mineral County,
Nevada, USA. In the future, to optimize shareholder value, the Company
may enter new business activities in energy and environmentally
sensitive sectors of the economy.

    Management

    Raynerd B. Carson, President and Director -- Mr. Carson began his
career working in the uranium mines in Canada's Northwest Territories.
From 1958 to 1966, he prospected in Northern Quebec and Ontario, where
he found one of the largest asbestos deposits the world. In 1966, he
organized Abitibi Asbestos Mining Co. Ltd. Mr. Carson has experience
in all facets of the mining industry.
    Dr. Stewart Jackson, Vice President Explorations and Director --
Dr. Jackson is a skilled geologist with four decades of professional
experience in the mineral industry. Dr. Jackson has been instrumental
in the exploration and development of precious metal and base metal
deposits in a wide range of environments, with responsibility for the
discovery and development of major mineral deposits. Earlier in his
career, with Houston Oil and Mineral, Dr. Jackson managed 400 to 500
employees. At Crown Resources, Dr. Jackson successfully managed gold
and diamond mining, as well as oil and gas exploration.
    James Wadsworth, Vice President and Director -- Mr. Wadsworth is a
Mill Superintendent who has been employed by the Company since 1990.
During his thirty years of experience in mining industry, he has
advanced from foreman to mill superintendent for mining companies in
British Columbia.
    Gary Van Norman, Director -- Mr. Van Norman was the original real
estate developer at Whistler, British Columbia, which today is a
world-renowned recreational center with adjacent planned communities.
    John Currie, Vice President Sales & Marketing and Director -- Mr.
Currie has a 25-year record of achievement in sales and marketing
including extensive experience in the automotive and diesel
industries. Since the mid-1990s, Mr. Currie has worked in the coatings
industry, through which he discovered Friction Guard MX4(TM) and
recognized the tremendous untapped potential for expanding the
commercial success of the product line.

    Industry Perspective

    The Company has acquired rights to a gold-mining property near
Reno, Nevada. The property comprises 19 lode claims that have been
worked sporadically over the past hundred years. Located at
approximately 8,300 feet elevation above sea level, the property
contains a high-grade gold geological system that previously was
accessed by multi-level tunnels and shafts. The previous workings on
the property suggest that the deposit may be on the order of 200,000
tons, grading on the order of 1 ounce of gold per ton, with the
potential of yield of 200,000 troy ounces. At current gold prices (USD
$317/oz.), the deposit could yield $63 million in gold over the next
several years. According to one gold industry analyst
(www.dougcasey.com), gold could increase to $1,000 to $3,000 per oz.
in a gold bull market, which could increase the value of the Company's
deposit possibly to a total of $200 million to $600 million.
    Nevada is the largest gold-producing state in the U.S.A., yielding
8 million troy ounces annually, worth $2.2 billion in 2001. According
to the Nevada Mining Association (April 2002), Nevada's gold
production accounts for approximately 76 % of all U.S. production, and
11.2 % of world production. After South Africa and Australia, Nevada
is the world's third largest producer.
    The Company has acquired rights to market and distribute the
Friction Guard MX4(TM) product line of lubricant additives. These
products have been sold for a quarter-century, primarily in 5-gallon
drums to businesses (lumber mills, marine industry) in Canada and
Australia. The Company is repositioning these proven products to
expand the business market and also to enter the consumer market with
conveniently sized smaller containers, positioned as an oil/fuel/fluid
additive for automobiles, trucks, snowmobiles, jet skis, etc. Many
consumers routinely use additives to assure good oil flow, prevent oil
breakdown at high temperatures, and optimize engine performance.
    According to statistics from the National Petroleum Refiners
Association, approximately 2.5 billion gallons of lubricating oil is
sold annually in the U.S.A. Of this total, automobile engine oils
represent 45%, industrial oils are 42%, and the remaining 13% of
lubricating oils are hydraulic fluids, gear greases, aircraft oils,
etc. In 2000, the North American market was 23.8% of total worldwide
lubricant demand, and Western/Central/Eastern Europe represented 26.4%
of the world market.

    Company Highlights

    The Company has already achieved the following:

    --  Launch of the Friction Guard MX4(TM) website at www.mx4.ca
        with a promotional video, consumer testimonials, point-of-sale
        displays, and detailed information about product features and
        benefits.

    --  Identification of and discussions with qualified distributors
        of lubricant additives, with the ability to place new products
        in distribution channels for mass merchandise retailers, auto
        parts chain stores, and independent retailer networks.

    --  Agreement in May 2002 with Stright-Mackay Ltd. for their
        distribution of MX4(TM) to the fishing industry in Eastern
        Canada.

    --  Agreement in May 2002 to option a gold-rich property in Nevada
        with a reported strike of 160 feet length and 5.1 feet width.

    --  Plans to explore, sample, and verify the gold strike; clean-up
        the existing shafts and tunnels; and then launch mining
        operations.

    Investment Highlights

    Large, Attractive Market -- The markets for lubricant additives
and gold are vast, highly fragmented, and potentially quite lucrative.
    Experienced Management Team with Track Record of Success -- The
Company's President and VP Explorations have 100 years of combined
experience in mineral exploration and the mining industry; the VP
Sales & Marketing has 25 years relevant experience, particularly in
the lubricant and coatings industry.
    Strong, Achievable Growth Strategy -- Management's growth strategy
is to achieve profits immediately from the Friction Guard MX4(TM)
products (which offer gross profit margins greater than 85%), while
exploring and exploiting the gold-rich deposits.
    Attractive Valuation -- Based on the recent share price, if
management is successful in implementing the planned growth strategy,
and if the Company's initial estimates of the potential gold
production prove to be realistic, and if various business risks are
managed effectively, then World Ventures, Inc. may be able to achieve
a target price of more than $12 per share in the fourth year, which
would represent a compound stock appreciation rate of 350% annually.

For Further Information:

Ray Carson, President of World Ventures, Inc.
Voice:  250/756-0291
Fax: [phone]
Email: [e-mail]

    With the exception of historical information, this document may
include forward-looking statements that involve a number of risks and
uncertainties. Actual results could differ materially from those
anticipated as a result of various risks. Factors that could cause or
contribute to such differences include, but are not limited to, the
projected growth in the Company's installed base of end-users of
lubricant additives and projected gold production, the ability of the
Company to successfully execute its various strategies, the ability of
the Company to contain and reduce its costs, the Company's ability to
distinguish itself from current and future competitors, changes in
economic conditions, changes in governmental regulations and policies,
the emergence of competitive products and services, unforeseen
technical issues, as well as other risks. More information about World
Ventures, Inc. 's risks is available from the Company and from
documents filed with the SEC.