WORLDWIDE ACQUIRES $72 MILLION IN ASSETS
Dec 29, 2014
OTC Disclosure & News Service
Williamsburg, VA -
FOR IMMEDIATE RELEASE
December 29, 2014
WORLDWIDE ACQUIRES $72 MILLION IN ASSETS
NEW YORK NEW YORK, December 29, 2014 – Worldwide Diversified Holdings, Inc. formerly Worldwide Internet, Inc (OTC Pink: WNTR) announced today that it has completed the acquisition of 100% of Lemaro Investments Limited from Venerable Capital Corporation.
The Lemaro assets consist of a portfolio of $72 million in equipment leases, with contract values in excess of $100 million. The audited statements for the company provide for $13 million in revenues and $0.05c per share in asset value. The company paid $300,000 and issued 26,000,000 in Series C Preferred Shares for the acquisition.
The Company has filed a supplemental information statement with OTC Markets that provides details of the transaction including a combined balance sheet for the acquisition. The transaction provides for the appointment of additional directors being Stephen Rothschild, Henry Maloney, Clive Raines and Alan Rude. The corporate officers will remain as Frank Kristan and Phil Sands.
The Company has now completed the name change, has audited statements in excess of $70m in assets and $13m in revenue that will meet the requirements for a listing on a major exchange in the first quarter of 2015.
Frank Kristan, President of Worldwide Diversified Holdings, Inc stated:
“We are pleased that we have been able to complete this acquisition and now have the requirements for our listing early in the New Year to maximize value for shareholders. We look forward to working with Venerable Capital Corporation to grow the assets and operations to benefit shareholders over the next few years.”
About Venerable Capital Corporation
The original company was founded in 1942 and is a member company of the Lewis Group specializing in Equipment Financing, Operational and Growth Funding, including Secured and Unsecured Loans, Debt Consolidation, Venture Capital and Private Equity Funding. Venerables' team of experts include Attorneys, Certified and Chartered Accountants, Investment Bankers, Tax and Financial Planners. The company partners with institutional and private investors raising equity for businesses. In addition, the Venture Capital Division has access to over 1,000 Accredited Investors that invest in all types of businesses. (www.venerablecapitalcorporation.com).
About Worldwide Diversified Holdings, Inc.
Worldwide Diversified Holdings, Inc. (OTC: WNTR) (www.wdhinc.com). The company is a diversified holding company with business operations and investments.
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