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NEW YORK, NY -- (Marketwired) -- 11/14/13 -- Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it is evaluating investment opportunities in the employee leasing industry in the United States and Europe. The potential opportunities would provide in excess of $100m in revenue and provide earnings of least $5m in 2014.
An employee leasing company is responsible for employing the worker, paying the wages, handling taxes, and managing benefits for that employee. It is dedicated to providing tax efficient services for consultants, contractors and employees.
The company also provided a further update for shareholders as it changes its profile to a diversified holding company.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
"We are executing on our business plan to develop a diversified holding company and look forward to retiring our debt and significantly expanding our assets and revenue in 2014. This will provide increased shareholder value and distributions to shareholders."
Worldwide Internet, Inc. is currently trading on the OTC Markets (www.otcmarkets.com) under the trading symbol WNTR.
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: WNTR) (www.worldwideinternetinc.com) is in the business of developing technology for internet datacenter services and emergency notifications to the public. The company is focused on making investments to diversify its business operations and holdings.
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
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