Worldwide Updates Portfolio Information
June 13 2014 - 1:53PM
Marketwired
Worldwide Updates Portfolio Information
NEW YORK, NY--(Marketwired - Jun 13, 2014) - Worldwide Internet,
Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR), a company focused on
making investments to diversify its business operations and
holdings, released the following update for shareholders to clarify
its portfolio of companies held by the company and the assets of
Ludvik Holdings, Inc:
The company has a 100% ownership in New World Energy Holdings,
Inc., Avenger Boats, Inc., Family Support Payment Corporation,
Patriot Advisors, Inc and ABBA Leasing Partners, LLC.
The company has 100% ownership of certain patented security
technologies.
The company has 100% interest in the World Capital leasing
portfolio.
The company owns 90% of Green Company Holdings, Inc.
The company has a 50% ownership in Pamlico Energy Park, LLC.
The company has a 40% interest in Dancing Rabbit Properties
LLC
The company has a 20% ownership in I-Texts, Inc.
The company has a 5% interest in E3 Services & Solutions,
Inc.
The company has a 5% interest in Encryption Solutions, Inc
The company has made a loan to Telemedcare LLC with the option
to convert up to a 5% interest.
The asset portfolio is currently valued at $31 million dollars
as of March 31, 2014.
The company has a $30,000,000 firm commitment from an investment
banking firm that has been a member of the NYSE since 1925. The
funds are to be allocated for additional acquisitions to enhance
the current portfolio and increase the company assets, revenues and
cash flow.
The company has disclosed that it does not intend to reverse
split the company shares at this time.
Frank Kristan, President of Worldwide Internet, Inc. stated
that:
"I would like to thank our investors and shareholders for their
continued interest in our Company as we continue to build
diversified holding company that will help to ensure our long term
and sustained success. We have implemented a dividend policy that
will continue to provide benefits to our shareholders."
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: WNTR) (www.wdhinc.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