NEW YORK, NY - (NewMediaWire) - February 13, 2015 - Worldwide
Diversified Holdings, Inc. (OTC
PINK: WNTR) announced today that it is implementing a
stock buyback program to repurchase up to one billion common
shares.
The company will commence a Dutch Auction Tender Offer (the
"Tender Offer") to repurchase the shares on March 3, 2015 with the
expiration of the offer, unless extended, will be 5pm EST on March
31, 2015.
Under the Tender Offer, shareholders will have the opportunity
to tender some, or all of their shares, at a price within the range
of $0.0001 to $0.01 per share. Based on the number of shares
tendered and the prices specified by the tendering shareholders,
the company will determine the lowest per share price within the
range that will enable it to buy up to one billion common
shares.
The Tender Offer will not be contingent upon a minimum number of
shares being tendered and will be subject to a number of other
terms and conditions specified in the offer to purchase.
The company, its board of directors or its advisors, will not be
making any recommendation to shareholders as to whether to tender,
or refrain from tendering their shares, into the Tender Offer.
The company's directors and executive officers have advised the
company that they do not intend to tender any of their shares they
own, or control, in the tender offer.
Commenting on the announcement, Frank Kristan, President,
stated, "This tender offer underscores our commitment to enhancing
shareholder value. It also represents an opportunity for the
company to deliver value to those stockholders who elect to tender
their shares, while at the same time increasing the proportional
ownership of non-tendering stockholders."
This release is for informational purposes only and is not an
offer to buy or the solicitation of an offer to sell any shares of
the Company's common stock. The solicitation and offer to buy the
Company's common stock will only be made pursuant to the offer to
purchase and related materials that the Company will provide to its
shareholders. Shareholders should read those materials carefully
because they will contain important information, including the
various terms and conditions of the Tender Offer.
About Worldwide Diversified Holdings, Inc.
Worldwide Diversified Holdings, Inc. (OTC
PINK: WNTR) (www.wdhinc.com). The company is a diversified
holding company with business operations and investments.
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.