|By Marketwired .||
|May 2, 2014 10:15 AM EDT||
NEW YORK, NY -- (Marketwired) -- 05/02/14 -- 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.
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.
Phone/Fax: (206) 984-3470