NEW YORK, NY--(NewMediaWire - May 18, 2016) - Worldwide
Diversified Holdings, Inc. (OTC
PINK: WNTR) announced today results for the quarter ending
March 31, 2016.
The company total assets increased to $34,222,374 for the period
ending March 31, 2016 as compared to $33,905,556 for the same
period ending March 31, 2015.
The company net income increased by 115% to $158,794 for the
period ending March 31, 2016 from $73,580 in net income for the
same period ending March 31, 2015.
The company asset value was $0.01c per share for the period
ending March 31, 2016.
The company has previously announced a Tender Offer to acquire
up to 2,000,000,000 of its company common shares at price of
$0.0001 to $0.01 per share. The company has extended the offer
until June 30, 2016. The company is evaluating other ways to
increase shareholder value. The company has received, as of
March 31, 2016, a total of 202,821,950 common shares at prices
between $0.0001 and $0.01. It has also received a total redemption
of 650,000,000 previously issued common shares, to reduce the
amount of shares outstanding. The shares have not been adjusted to
the outstanding and issued shares until the tender offer is
completed.
The Company is also evaluating proposals for its listing on
other exchanges to realize its asset value and expects the decision
to be made by June 30, 2016.
About Worldwide Diversified Holdings, Inc.
Worldwide Diversified Holdings, Inc. (OTC: WNTR)
(www.wdhinc.com) is focused on making
acquisitions of business operations and investments in 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.