Worldwide Completes Acquisition of Interest in E3
March 07 2014 - 10:50AM
Marketwired
Worldwide Completes Acquisition of Interest in E3
NEW YORK, NY--(Marketwired - Mar 7, 2014) - Worldwide Internet,
Inc. (OTC Pink: WNTR) announced today that it has acquired an
interest in E3 Services and Solutions LLC ("E3") (www.e3space.com)
in exchange for 120,000 of the company's Series C Preferred Shares
with a stated value of $5 per share. In addition, E3 has completed
an initial round of funding and received additional financing
commitments of up to $6 million dollars subject to certain terms
and conditions.
E3 will work with strategic partners to develop and further
commercialize key technologies for water reclamation projects in
the oil & gas industry, mining services and industrial
pollution. This includes the Eco Industrial parks and
Remediation centers announced earlier and across coastal and inland
port operations.
Mark A. Skoda, CEO of E3 stated:
"The vision we began with was to procure and commercialize best
in class technologies and innovation while brining that technology
to market quickly in industrial applications. The integration of a
funding platform together with a number of technology partners
represent an innovative approach to our solution. The world
class leadership and inventors we are working with provide a unique
opportunity to benefit our clients, the environment and of course
people."
Frank Kristan, President of Worldwide Internet, Inc. stated
that:
"We understood the needs of the market and decided to establish
our relationship with E3 on the basis of their vision and go to
market strategy. The relationship between Worldwide and E3
will allow us to accelerate our plans. The structure of this
agreement provides for rapid development and deployment which may
provide asset value and dividends for our shareholders."
The company also announced that, in compliance with OTC Market
requirements, it will file its Annual Report or before March 31,
2014. The company is also in the process of retaining auditors to
provide audited statements as a condition of its previously
announced firm underwriting commitment for $30 million dollars and
listing on to the NASDAQ or AMEX/NYSE exchanges.
About E3 Services and Solutions LLC
E3 Services and Solutions LLC (www.e3space.com) is designed to
source innovation and spur innovation through rapid
industrialization and policy adoption of FFH technologies while
mitigating disruptive process changes to business and the
eco-system.
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: WNTR)
(www.worldwideinternetinc.com). The company is now focused on
making acquisitions of business operations and investments to
create a diversified holding company.
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