Worlwide Strategies Inc (WWSG)

http://www.wideinc.com/ Item 8.01 Other Events On February 14, 2008, Worldwide Strategies Incorporated ("WWSG") entered into a binding letter of intent (the "LOI") with NewMarket Technology, Inc. ("NMKT"). Pursuant to the LOI, NMKT will acquire a 51% interest in WWSG in exchange for (i) the assumption of all of WWSG's outstanding debts and (ii) the payment of $100,000 to WWSG (the "Transaction"). NMKT's ownership and voting interest will be protected from dilution for three years. The Transaction is subject to the execution of a mutually satisfactory definitive stock purchase agreement and the completion of due diligence. Withdrawal from the Transaction by either party will subject the withdrawing party to a claim for the legal and due diligence expenses of the other party, not to exceed $100,000.