Worldwide Acquires Interest in Cyber Security Company
November 20 2013 - 9:00AM
Marketwired
Worldwide Acquires Interest in Cyber Security Company
Encryption Solutions, Inc. Is Next Generation Encryption
Software
NEW YORK, NY--(Marketwired - Nov 20, 2013) - Worldwide Internet,
Inc. (OTC Pink: WNTR) announced today that it has completed the
acquisition of an interest in Encryption Solutions, Inc.
The interest was acquired from an existing Encryption Solutions,
Inc. shareholder, in a private transaction, in exchange for its
Series C Preferred shares. The company also has an option to
increase its ownership in Encryption Solutions, Inc. The company
has authorized 45,000,000 shares of Series C Preferred, with a
stated value of $5.00 per shares to provide for up to $225 million
in acquisitions with minimum dilution to shareholders.
The phenomenal growth in digitizing information in certain
industry sectors combined with an increased need for information
security poses a strong market demand for products that can
securely enable wireless networking and mobile communications, high
speed file transfer (FTP/EDI) and email messaging. Healthcare,
education, finance and banking, critical infrastructure such as
energy, power and water, government entities and the TV, film and
music industries are all impacted by the need for secure
communications.
Encryption Solutions, Inc.'s SkyLOCK security solution utilizes
an encryption system that is structurally and functionally unique
and possesses distinct advantages over any currently marketed
security product. The core technology is a proprietary and
patent-pending algorithm that surpasses the standards of current
encryption algorithms and provides for end-to-end, unbreakable and
totally secure communications across both wireless and hard-wired
networks.
Frank Kristan, President of Worldwide Internet, Inc. stated
that:
"We are continuing to complete acquisitions that will benefit
shareholders and complement investments we have already made in
cyber security. We are executing on our business plan and making
acquisitions that will develop a diversified holding company. This
will provide increased shareholder value and distributions to
shareholders from our portfolio"
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: 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 Encryption Solutions, Inc.
Encryption Solutions, Inc. (www.encryptionsolutions.net) is a
software development and distribution company specializing in
cutting-edge, next generation encryption software solutions for
secure global wireless and wired communications.
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