WWFI to do a 30 for 1 forward split!
WORLDWIDE FINANCIAL HOLDINGS INC - Shareholders Update On Financial Audits
February 21, 2001
New York, New York, Feb 21, 2001 (Market News Publishing via COMTEX) -- WorldWide
Financial Holdings Inc. announced that the company's financial audits are nearly
complete.
Kevin R. Griffith, chief executive officer for WWFI, indicated that all required
documentation for the completion of the audits has been received by the Auditing Firm,
and the company expects to have finalization of the audit in the very near future. "We are
excited to finish the auditing process as a required step to move the company onto the
OTC Bulletin Board," said Griffith.
"Our goal is to move the company to a fully reporting Nasdaq company as soon as
possible." Being listed on the OTC exchange will provide excellent visibility for several
key announcements the company is planning to release during the second quarter of
2001.
WWFI is also moving forward with the required consent resolution from its stockholders,
many of which have already indicated their support for the 30 to 1 forward split announced
in January by the board of directors. WorldWide Financial Holdings Inc. is confident that
the majority of WWFI shareholders will approve this action. Formal approval for the split is
expected in the near future.
The company is confident that the proposed forward split will provide significant
opportunities to enhance company objectives. The company is anxious to provide
additional shares of stock to a broad base of potential investors. WWFI believes the split
will provide affordable stock in one of the fastest-growing industries in the world.
WWFI will be ideally positioned to take full advantage of a multi-billion dollar industry, with
state-of-the-art technology, that will bring broadband access to many communities
throughout the United States.
This news release may include statements which constitute forward- looking statements.
Please be cautioned that any such forward-looking statements are not guarantees of
future performance and involve significant risks and uncertainties. Actual results may vary
materially from those in the forward-looking statements.
CONTACT: TEL: 877/898-5667 In The Loop Communications, Brad Barton
EMAIL: intheloopcomm@aol.com
