NEW YORK, NY — (Marketwired) — 11/01/13 — Worldwide Internet, Inc. (OTC Pink: WNTR) filed its Quarterly Report for the period ending September 30, 2013 and its highlights included the following as it changes its profile to a diversified holding company.
The company is now receiving investment income and is profitable for the first six months since it began to change its business model to a diversified holding company.
The transaction to acquire the assets of Ludvik Holdings, Inc. has been completed subject to the issuance of a Promissory Note.
The company has received commitments to finance the payment of outstanding loans and liabilities expected to be completed in the fourth quarter.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
“We continue to make progress on the transition to a diversified holding company. Our third quarter results show that we have been able to become profitable in a short period of time and we intend to be debt free by the end of the year that would enable us to make distributions to shareholders in 2014. This continues our overall strategy to increase shareholder value and provide for distributions to shareholders.”
Worldwide Internet, Inc. is currently trading on the OTC Markets () under the trading symbol WNTR.
Worldwide Internet, Inc. (OTC Pink: WNTR) () 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.
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
Phone/Fax: (206) 984-3470
You must be logged in to post a comment Login