NEW YORK, NY--(Feb 26, 2015) - Worldwide Diversified Holdings,
Inc. (OTC PINK: WNTR) announced today that is increasing the
stock buyback program to repurchase up to two billion common
shares.
The company will commence a Dutch Auction Tender Offer (the
"Tender Offer") to repurchase the shares on March 3, 2015. The
expiration of the offer, unless extended, will be 5pm EDT 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. 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 is working with the transfer agent to provide for
shareholders to electronically tender their shares through their
brokerage accounts.
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.
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.