Worldwide Acquires $72 Million in Assets

NEW YORK, NY, United States, via ETELIGIS INC., 12/29/2014 – – Worldwide Diversified Holdings, Inc. formerly Worldwide Internet, Inc (OTC Pink: WNTR) (PINKSHEETS: WNTR), announced today that it has completed the acquisition of 100% of Lemaro Investments Limited from Venerable Capital Corporation.

The Lemaro assets consist of a portfolio of $72 million in equipment leases, with contract values in excess of $100 million. The audited statements for the company provide for $13 million in revenues and $0.05c per share in asset value. The company paid $300,000 and issued 26,000,000 in Series C Preferred Shares for the acquisition.

The Company has filed a supplemental information statement with OTC Markets that provides details of the transaction including a combined balance sheet for the acquisition. The transaction provides for the appointment of additional directors being Stephen Rothschild, Henry Maloney, Clive Raines and Alan Rude. The corporate officers will remain as Frank Kristan and Phil Sands.

The Company has now completed the name change, has audited statements in excess of $70m in assets and $13m in revenue that will meet the requirements for a listing on a major exchange in the first quarter of 2015.

Frank Kristan, President of Worldwide Diversified Holdings, Inc stated, “We are pleased that we have been able to complete this acquisition and now have the requirements for our listing early in the New Year to maximize value for shareholders. We look forward to working with Venerable Capital Corporation to grow the assets and operations to benefit shareholders over the next few years.”

About Venerable Capital Corporation

The original company was founded in 1942 and is a member company of the Lewis Group specializing in Equipment Financing, Operational and Growth Funding, including Secured and Unsecured Loans, Debt Consolidation, Venture Capital and Private Equity Funding. Venerables’ team of experts include Attorneys, Certified and Chartered Accountants, Investment Bankers, Tax and Financial Planners. The company partners with institutional and private investors raising equity for businesses. In addition, the Venture Capital Division has access to over 1,000 Accredited Investors that invest in all types of businesses. (www.venerablecapitalcorporation.com).

About Worldwide Diversified Holdings, Inc.

Worldwide Diversified Holdings, Inc. (OTC: WNTR) (www.wdhinc.com). The company is a diversified holding company with business operations and investments.

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

Phone/Fax: (206) 984-3470

SOURCE: Worldwide Diversified Holdings, Inc.

Advertisements
Posted in Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: