Worldwide to Acquire Natural Gas Property
January 09 2014 - 8:30AM
Marketwired
Worldwide to Acquire Natural Gas Property
Evaluating Marcellus Shale Opportunities
NEW YORK, NY--(Marketwired - Jan 9, 2014) - Worldwide Internet,
Inc. (OTC Pink: WNTR) announced today it is currently evaluating
opportunities for the acquisition of up to $10 million dollars in
natural gas properties located in the Marcellus Shale.
The Marcellus Shale Formation is the largest source of domestic
natural gas yet discovered in the United States. One reason the
Marcellus shale is such an important resource is the proximity of
the productive area to major metropolitan areas and factories that
use natural gas. The major players in the Marcellus shale include
Chesapeake, Range Resources, EXCO Resources, Anadarko, XTO, Rex
Energy, Cabot Oil and Gas, EOG and others.
The Marcellus natural gas trend, which encompasses 104,000
square miles and stretches across Pennsylvania and West Virginia,
and into southeast Ohio and upstate New York, is the largest source
of natural gas in the United States, and production was still
growing rapidly in 2013.
Frank Kristan, President of Worldwide Internet, Inc stated
that:
"We are excited to further develop our energy business with our
potential new partners in the exploration of the Marcellus Shale.
As natural gas prices increase, we see an opportunity that will
increase shareholder value and provide for distributions to
shareholders."
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.
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