Worldwide Acquires Interest in Medical Device Company
December 16 2013 - 8:00AM
Marketwired
Worldwide Acquires Interest in Medical Device Company
Dr Belt's Will Be Basis for Branded Medical Products
NEW YORK, NY--(Marketwired - Dec 16, 2013) - Worldwide Internet,
Inc. (OTC Pink: WNTR) announced today that it has completed the
acquisition of an interest in DPS Ventures LLC the owners of Dr
Belt's Back Fix.
The interest was acquired from DPS Ventures LLC, in a private
transaction, in exchange for the Worldwide Series C Preferred
shares. The company also has an option to increase its ownership in
DPS Ventures, LLC. 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.
Developed by Mark Belt, MD, a board certified Emergency
Physician, Dr Belt's Back Fix works putting your back and neck in
the correct posture. As we age, we tend to lose the posture of
youth and the neck- & lower-back curve assume an unnatural
shape. Once the correct posture is regained, the muscles, nerves,
ligaments and spine are able to function properly. While sleeping
or sitting Dr Belt's Back Fix trains your muscles to fix your
posture and fix your pain.
The company intends to develop the Dr Belt's brand, similar to a
Dr Scholl's brand, for the development of other medical device
products and acquisition of medical supply companies. The North
American sub-brand of Dr Scholl's is now under the control of Merck
& Co.
Frank Kristan, President of Worldwide Internet, Inc., stated
that:
"We see opportunities in the medical industry to develop strong
brands that will create value for shareholders and complement our
business plan to make acquisitions that will develop a diversified
holding company."
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 Dr Belt
Dr. Belt's Back Fix (www.drbelt.com) is a lumbar belt that can
be worn while sleeping or awake to fix your posture and fix your
pain. Dr. Belt's Back Fix trains your back to assume the correct
posture to allow the spine, muscles, nerves, and ligaments to
function properly. It creates the correct curve in your lower spine
to relax your lower muscles, and prevent pain and inflammation with
correct posture. Once correct posture is achieved, your back
maintains that posture during your daily activities.
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