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Worldwide Financial Holdings Announces Final Approval of 15

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sweetpepperjam Member Level  Thursday, 03/01/01 11:59:50 AM
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Worldwide Financial Holdings Announces Final Approval of 15 for 1 Forward Split

OREM, Utah--(BUSINESS WIRE)--March 1, 2001--Worldwide Financial Holdings Inc. (OTCBB: WWFI) Thursday announced the approval from the board of directors and its majority shareholders for a 15 for 1 forward split.

The forward split's effective date is to be forthcoming.

After significant discussion, and further consideration, the board of directors, along with the company's majority shareholders have deemed it to be in the best interest of the company to forward split the company stock at the rate of 15-1.

This allows the company to meet all its previous objectives while still providing additional shares of stock for future growth strategies, in addition to providing an outstanding investment opportunity for the smaller investment community.

WWFI intends to position itself 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.

Further information pertaining to WWFI's future plans, technology, and executive management will be forthcoming.

This news release includes "forward-looking statements" that include risk and uncertainties. The forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

Actual results may differ materially due to a variety of factors, including without limitation, the company's ability to produce and market products and/or services and other risks detailed from time to time in their company's reports filed with the Securities and Exchange Commission.

CONTACT:

In the Loop Communications

Brad Barton, 877/898-LOOP (5667)

email: intheloopcomm@aol.com

KEYWORD: UTAH














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