WNTR - WORLDWIDE INTERNET PROVIDES SHAREHOLDER UPDATE
Appoints MacReport Media for press release distribution
WILLIAMSBURG, VA, SEPTEMBER 24, 2013 Worldwide Internet, Inc. (OTC: WNTR) provided an update for shareholders as it changes its profile to a diversified holding company.
The company has appointed MacReportMedia Publisihing, Inc., an industry leading investor and public relations network, specializing in services for small and micro-cap public companies to increase its press release distribution.
The transaction to acquire the assets of Ludvik Holdings, Inc. is scheduled to be completed on or before October 31, 2013. This will provide more than $20 million in assets to company.
The World Capital Leasing portfolio acquisition of $3 million dollars in potential leases is currently originating financing for its customers and increasing the size of the portfolio.
The Honeywell Estates transaction is currently being finalized as to the terms of the financing to acquire the property. This will provide $26m in assets to the company.
The company is currently completing the financing of a $100m oil and gas transaction based in the Gulf of Mexico. The transaction is expected to close in the fourth quarter.
Frank Kristan, President of Worldwide Internet, Inc stated that:
We are pleased with the progress we have made in the first few months of our transition to a diversified holding company. We expect the fourth quarter of 2013 to provide for the completion of the announced transactions in addition to some additional acquisitions. This part of our overall strategy to increase shareholder value and provide for distributions to shareholders.
Worldwide Internet, Inc. is currently trading on the OTC Markets (www.otcmarkets.com) under the trading symbol WNTR.
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC: WNTR) (www.worldwideinternetinc.com) is in the business of developing technology for internet datacenter services and emergency notifications to the public. The company is focused on making investments to diversify its business operations and holdings.
About MacReportMedia Publishing, Inc.
MacReportMedia Publishing Inc., (www.macreportmedia.com) is an industry leading investor and public relations network, specializing in services for small and micro-cap public companies. The company is the leading provider of brand-named investor and public relations services in North America. From press release distribution and EDGAR filing to full-service IR/PR campaigns, MacReport Media is your single-source, low-cost solution.
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 forward-looking statements speak only as of the date of this press release.
Contact:
Frank Kristan,
frankkristan@worldwideinternetinc.com
Phone/Fax: (206) 984-3470
AI
