Worldwide Internet Files Quarterly Report
NEW YORK, NY--(Marketwired - Nov 1, 2013) - Worldwide Internet, Inc. (OTC Pink: WNTR) filed its Quarterly Report for the period ending September 30, 2013 and its highlights included the following as it changes its profile to a diversified holding company.
-- The company is now receiving investment income and is profitable for the
first six months since it began to change its business model to a
diversified holding company.
-- The transaction to acquire the assets of Ludvik Holdings, Inc. has been
completed subject to the issuance of a Promissory Note.
-- The company has received commitments to finance the payment of
outstanding loans and liabilities expected to be completed in the fourth
quarter.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
"We continue to make progress on the transition to a diversified holding company. Our third quarter results show that we have been able to become profitable in a short period of time and we intend to be debt free by the end of the year that would enable us to make distributions to shareholders in 2014. This continues our overall strategy to increase shareholder value and provide for distributions to shareholders."