Worldwide Updates Portfolio Information
Jun 13, 2014
OTC Disclosure & News Service
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Worldwide Updates Portfolio Information
NEW YORK, NY--(Marketwired - Jun 13, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR), a company focused on making investments to diversify its business operations and holdings, released the following update for shareholders to clarify its portfolio of companies held by the company and the assets of Ludvik Holdings, Inc:
The company has a 100% ownership in New World Energy Holdings, Inc., Avenger Boats, Inc., Family Support Payment Corporation, Patriot Advisors, Inc and ABBA Leasing Partners, LLC.
The company has 100% ownership of certain patented security technologies.
The company has 100% interest in the World Capital leasing portfolio.
The company owns 90% of Green Company Holdings, Inc.
The company has a 50% ownership in Pamlico Energy Park, LLC.
The company has a 40% interest in Dancing Rabbit Properties LLC
The company has a 20% ownership in I-Texts, Inc.
The company has a 5% interest in E3 Services & Solutions, Inc.
The company has a 5% interest in Encryption Solutions, Inc
The company has made a loan to Telemedcare LLC with the option to convert up to a 5% interest.
The asset portfolio is currently valued at $31 million dollars as of March 31, 2014.
The company has a $30,000,000 firm commitment from an investment banking firm that has been a member of the NYSE since 1925. The funds are to be allocated for additional acquisitions to enhance the current portfolio and increase the company assets, revenues and cash flow.
The company has disclosed that it does not intend to reverse split the company shares at this time.
Frank Kristan, President of Worldwide Internet, Inc. stated that:
"I would like to thank our investors and shareholders for their continued interest in our Company as we continue to build diversified holding company that will help to ensure our long term and sustained success. We have implemented a dividend policy that will continue to provide benefits to our shareholders."
