NEW YORK, NY — (Marketwired) — 11/27/13 — Worldwide Internet, Inc. (OTC Pink: WNTR) provided a further update for shareholders as it continues to change its profile to a diversified holding company.
There have been three transactions completed by the company already this year to acquire more than $25 million in assets and commitments to retire debt by December 31, 2013.
The company is committed to developing its proprietary technology with significant telecommunication and software partners.
The company is currently partnering on the lease of its oil and gas properties with the financing expected to close in the fourth quarter.
The solar project that the company is working on is expected to provide cash dividends in 2014.
The company intends to make spin off some of its interest in its portfolio companies as stock dividends to shareholders in 2014.
The company is evaluating a possible name change to accurately describe the new business model as it continues to engage companies who specialize in bringing news and relevant information about small-cap, mid-cap and generally undervalued companies to the attention of potential new investors.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
“We are focused on increasing the exposure of the company in 2014 as we execute on our business plan to develop a diversified holding company. We appreciate the interest our shareholders have in the company and are working to increase shareholder value as we believe the company share price is undervalued.”
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
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