SOURCE: Worldwide Internet, Inc
via MacReportMedia.com, 12/5/2013 8:30:00 AM
Worldwide to Acquire Employee Leasing Company
NEW YORK, NY-- December 5, 2013 - Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it has entered into a Letter of Intent to acquire an employee leasing company to be based in the United States and Europe. The company's revenues for 2014 will be in excess of $100m and provide earnings of least $5m in 2014.
The company currently has 800 contractors that primarily provide services to the oil and gas industry. The company pays the wages, handles taxes and managing benefits for that employee. It is dedicated to providing tax efficient services for consultants, contractors and employees.
Frank Kristan, President of Worldwide Internet, Inc stated that:
"We believe this acquisition will provide significant revenue and earnings for 2014. The transaction is expected to close in the first quarter of 2014. We are executing on our business plan and focused on increasing shareholder value and providing 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.
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
SOURCE: Worldwide Internet, Inc.
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