Worldwide Internet, Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR) announced today that it intends to list its portfolio company Green Company Holdings, Inc. by the end of the third quarter this year (www.thegreenfund.us).
Green Company Holdings, Inc. has closed $2,000,000 in investments and intends to close the balance of $8,000,000 in investments on or before June 30, 2014. It currently has letters of intent and indications of interest from other companies, in excess of $8,000,000, that include cash and/or securities in exchange for their interest in The Green Fund. The Green Fund will have its own independent legal counsel and auditors.
The company is currently evaluating which publicly trading exchange will provide the best exposure for the company and access to additional capital to expand the fund beyond its initial investments. The listing decision will be made by the end of the second quarter.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
"We have had a strong response and interest from companies that want to be part of The Green Fund and the listing will provide liquidity for the investors. Worldwide will also have liquidity on its $1 million investment that it will be able to dividend to its shareholders."
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_4-25-2014_LST_ETL.docx
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