Riptide Worldwide, Inc.(fka RTWW)

[lancefz]

A SIGNIFICANT PORTION OF OUR STOCK IS CONTROLLED BY FOUR STOCKHOLDERS WHO COULD SELL SHARES AND SUBSTANTIALLY INFLUENCE THE PRICE OF OUR STOCK



As of September 15, 2008, the investment management groups, Centrecourt Asset Management, RENN Capital Group, Lewis Asset Management, and Bridgepointe Master Fund Ltd., through entities controlled by these management groups, own large blocks of Riptide Common Stock and our convertible securities including, Series A Preferred Stock, Series B Preferred Stock and common stock warrants. Collectively these management groups beneficially own approximately 70% of the Riptide Common Stock. Beneficial ownership is computed according to Rule 13d-3 of the Securities Exchange Act as of September 15, 2008. Any sale by one or all of these stockholders, in large blocks of Riptide Common Stock or the conversion and sale of the shares of Riptide Common Stock underlying the convertible securities could depress our stock price or significantly increase the volatility of our stock price. Further, any such large sale may result in a change in our control of the company.