NEW YORK, NY - December 19, 2013 - Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it has completed the acquisition of an interest in Global Marketing Services LLC that provide sales and marketing for I-Texts (www.i-texts.com).
The interest was acquired from Global Marketing Services LLC, in a private transaction, in exchange for the Worldwide Series C Preferred shares. The company also has an option to increase its ownership in Global Marketing Services, LLC. The company has authorized 45,000,000 shares of Series C Preferred, with a stated value of $5.00 per shares to provide for up to $225 million in acquisitions with minimum dilution to shareholders.
I-Texts has developed a state of the art software platform to address all critical needs, such as: business management, information management including compliance and risk mitigation. In addition to the software platform is the latest in security programming to ensure the clients' information is 100% secure including dedicated servers and a state of the art back-up system.
The platform fills a need and demand for a unique, simple and efficient cost effective fundraising platform for colleges, universities, charities and military relief organizations. It offers a smart, simple and unique marketing and advertising opportunity that helps crack the code of mobile marketing.
Frank Kristan, President of Worldwide Internet, Inc stated that:
"We see this as an opportunity to leverage our other telecommunication investments, with this investment, to develop a strong cash flow that will provide dividends to shareholders in 2014."
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.
I-Texts, "Short Message Service," text sending company has the capability of sending out 300 text messages per second with the ability to grow as needed. Unlike e-mail, the federal government has strict rules regarding text messaging, and the I-Text provider is in full compliance with a staff of over 65 employees and 24/7 support.
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.