Worlwide Strategies Inc (WWSG)

[stock_MD]

On April 28, 2011, we accepted a proposal from Euzkadi Corporation of America, S.A. (“Euzkadi”) to enter into a business
combination transaction. It is proposed that Euzkadi would acquire 80% of the then issued and outstanding shares of Worldwide in exchange for
all of the issued and outstanding shares of Euzkadi. Consummation of this proposed transaction will be contingent upon the satisfaction of
several conditions, including the completion of a satisfactory due diligence investigation and the completion of an audit of Euzkadi’s financial
statements that meet the requirements of the reporting rules and regulations of the Securities and Exchange Commission.