Worldwide Evaluating Media and Entertainment Opportunities
May 02 2014 - 11:15AM
Marketwired
NEW YORK, NY-(Marketwired - May 2, 2014) - Worldwide Internet,
Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR) (the "Company") announced
today that it is evaluating opportunities to invest in companies
that are involved in the media and entertainment industry.
The Company will focus on traditional & non-traditional
media and entertainment. It is looking to build a portfolio of
diversified holdings with an investment team that has operating and
investment experience in a broad range of media businesses
including radio, television, tower industry, event marketing,
concert entertainment, licensing and intellectual property
companies, digital media and related software. The Company already
owns digital rights management software.
The company will look for investment opportunities that possess
strong market positions and management teams with a shareholder
value approach. There would be potential for superior equity values
through growth and consolidation. We are looking to build assets
that offer downside protection from the loss of invested
capital.
Frank Kristan, President of Worldwide Internet, Inc. stated
that:
"We continue to look for investments that will diversify our
portfolio. The media and entertainment industry provides a number
of opportunities to add to our diversified portfolio."
The company also announced that it is working with Eteligis
(www.eteligis.com) to develop a new website and web presence
including social media.
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: WNTR) (PINKSHEETS: 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