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Worldwide CEO Releases Shareholder Update
Worldwide CEO Releases Shareholder Update
NEW YORK, NY--(Marketwired - Jan 7, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR), a company focused on making investments to diversify its business operations and holdings, released the following update for shareholders from its President and Chief Executive Officer for the period ending December 31, 2013.
Dear Shareholders,
We are pleased to announce the following accomplishments for the company for the year ending December 31, 2013
The company has satisfied US $995,013 in indebtedness to affiliates by assignment to third parties for the retirement of the debt.
We are currently working to align Worldwide with a full-service investment bank that has the relationships and experience to help guide us to a listing on NASDAQ or AMEX in 2014. This would include a commitment for at least $30 million dollars to finance the planned acquisitions in 2014. The finalization of this relationship will be essential to our efforts of reaching a more expansive investment community and gaining institutional support for our securities.
There have been four announced transactions completed by the company to acquire more than $23 million in assets for the year ending December 31, 2013.
The company is committed to continue to develop its proprietary technology with significant telecommunication and software partners.
The company is currently negotiating transactions that will provide for more than $100 million in revenue, with at least $5m in EBITDA, for 2014. This includes partnering on the lease of its oil and gas properties in addition to the employee leasing acquisition.
The company intends to make distribution of some of its interest in its portfolio companies as dividends to shareholders in 2014.
I would like to thank our investors and shareholders for their patience as we build a foundation that will help to ensure our long term and sustained success.
Sincerely,
Frank Kristan,
President
