Worldwide Internet, Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR) announced today a shareholder update on its portfolio company Green Company Holdings, Inc. (www.thegreenfund.us).
Green Company Holdings, Inc. has closed the first two investments totaling $2,000,000 in its first thirty days for the period ending March 31, 2014. It currently has letters of intent and indications of interest from other companies totally in excess of $8,000,000 that include cash and/or securities in exchange for their interest in The Green Fund. The company intends to close transactions on a monthly basis until it closes an initial $10,000,000 into the fund. The Green Fund will have its own independent legal counsel and auditors.
The Green Fund is looking at opportunities in the industry for payment systems and informational portals including online shopping malls -- additionally, the opportunities for technologies that can be modified and applied to this industry. This includes kiosks that provide the product and sales of ancillary products in addition to real estate that provides for warehousing of the product.
The company also is currently interviewing auditors as part of the process for its listing on to the NASDAQ or NYSE /AMEX.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
"We are excited about our investment in this industry and we see a lot of opportunity for increasing shareholder value and providing dividends for our shareholders in the near future."
About The Green Fund
The Green Fund (www.thegreenfund.us) is a comprehensive group of qualified Small Cap Public Companies in the Emerging Hemp and Medical Marijuana Sectors that strives to bring you up to date Actionable Investment Intelligence on the pulse of these rapidly growing industries.
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.
Contact:
Frank Kristan
frankkristan@worldwideinternetinc.com
Phone/Fax: (206) 984-3470
SOURCE: Worldwide Internet, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
WNTR_3-31-14_LST_ETL.docx
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