News
WORLDWIDE COMPLETES REORGANIZATION
WILLIAMSBURG,VA – January 7, 2020 – Worldwide Diversified Holdings, Inc. (OTC
PINK: WNTR) has previously announced that, in conjunction with the recent completion of the
acquisition of assets, the Board of Directors had approved a reverse stock split, subject to all
standard regulatory approvals. The Company received the requisite stockholder approval granting
the Board of Directors the authority to affect this reverse stock split of the Company's issued and
outstanding common stock. FINRA has completed its review and the change became effective
January 3, 2020. The stock will trade under the symbol WNTRD for a period of twenty trading
days after which it will continue to trade under the symbol WNTR.
The reverse stock split has automatically combined shares of the Company's common stock and
any common stock to be issued upon conversion of all outstanding convertible preferred into
issued and outstanding share without any change in the par value of the shares. The company is
anticipating that completing the reorganization provide for the Company to list on a major
exchange and receive additional capital.
No fractional shares will be issued in connection with the reverse stock split. Any fractional
shares of the Company's common stock that would have otherwise resulted from the reverse
stock split will be rounded up to the nearest whole share post-split basis. No action is required of
the shareholders relative to affecting this reverse stock split. The Reverse Split uniformly affects
all issued and outstanding shares of the Company's common stock.
The Reverse Split will not alter any stockholder's percentage ownership interest, except to the
extent that the Reverse Split requires the issuance of additional shares for rounding purposes.
The reverse stock split will not change the total number of shares of common stock or preferred
stock authorized for issuance by the Company. Additionally, the par value of the Company’s
common stock will not be effected. The new CUSIP Number is 98161N 405.
Shareholders owning shares through a broker or other nominee will have their positions
automatically adjusted to reflect the reverse shares split and will not be required to take any
action in connection with the reverse share split. The reverse stock split would not have any
impact on the voting and other rights of stockholders and will have no impact on the Company's
business operations or any of its outstanding indebtedness.
The Company will update stockholders for the year ending December 31, 2019 and intends to file
its Annual Report by January 31,2019. The company expects the earnings to be in line with
previous projections of $4m in revenue and $500,000 EBITDA. The company is expecting to
grow to $10m in revenues and $2m EBITDA for 2020. There are additional potential
acquisitions that could significantly increase the proforma earnings in 2020.
322 North Henry Street, Williamsburg, Virginia 23185. Phone: 757-707-4563
www.wdhinc.net
About Worldwide Diversified Holdings, Inc.
Worldwide Diversified Holdings, Inc. (OTC: WNTR) (www.wdhinc.net
diversified holding company with business operations and investments.
The company is a
FORWARD-LOOKING STATEMENTS:
This press release may contain "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Statements other than statements of historical facts
included in this press release may constitute forward-looking statements and are not guarantees of
future performance or results and involve a number of risks and uncertainties. Actual results may
differ materially from those expressed or implied in the forward-looking statements as a result of
a number of factors, including those described from time to time in filings with the OTC Markets
and undertakes no duty to update any forward-looking statement made herein. All forwardlooking statements speak only as of the date of this press release.
Contact:
Frank Kristan
frank@wdhinc.net
Phone/Fax: (757) 707-4563
322 North Henry Street, Williamsburg, Virginia 23185. Phone: 757-707-4563
