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Wednesday, November 13, 2013 10:59:39 PM
JULY 30, 2013 - Worldwide Internet, Inc. (OTC: WNTR) announced today that it has entered into a Letter of Intent to acquire two apartment complexes, located in New York, New York for a total purchase price of $26,000,000.
SEPTEMBER 24, 2013 Provides Shareholder Update The Honeywell Estates transaction is currently being finalized as to the terms of the financing to acquire the property. This will provide $26 m in assets to the company.
SEPTEMBER 30, 2013 Quarterly On July 9, 2013 the Company entered into a Letter of Intent to acquire the Honeywell Estates LLC for a total purchase price of Twenty Six Million ($26,000,000) Dollars. It provides for the payment of Two Hundred and Fifty Thousand ($250,000), assumption of a First Mortgage and the balance of payment in the form of a Secured Convertible Note. The transaction was scheduled to close on or before August 31, 2013. However, the company has not been able to complete the transaction and continues to work on a possible financing of the acquisition.
OCTOBER 17, 2013 The Honeywell Estates transaction is still working on the terms of the financing and is expected to be completed in the fourth quarter.
Todays Update had no comments on Honeywell deal.
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