Worldwide Completes Five Million Dollar

New Post Public Reply Private Reply Replies (0) Message Board
vulken17

Worldwide Completes Five Million Dollar Acquisition

Date : 01/17/2014 @ 10:00AM
Source : Marketwired
Stock : Worldwide Internet Inc. (PC) (WNTR)
Quote : 0.0044  0.0021 (91.30%) @ 3:58PM

Worldwide Completes Five Million Dollar Acquisition

Worldwide Internet Inc. (PC) (USOTC:WNTR)
Historical Stock Chart

1 Month : From Dec 2013 to Jan 2014

Click Here for more Worldwide Internet Inc. (PC) Charts.
Worldwide Completes Five Million Dollar Acquisition

NEW YORK, NY--(Marketwired - Jan 17, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR) announced today it has completed a $5 million dollar acquisition of a 40% interest in a property located over the Marcellus Shale near Erie, Pa. The property is currently appraised at $13 million dollars and provides the company with additional development potential.

The Marcellus Shale gas formation is rich in natural gas resources. It is one of the largest shale regions in the United States; Marcellus shale and is estimated to be the second largest natural gas find in the world. Stretching across New York, Pennsylvania, West Virginia, Ohio and Maryland. The United States Geological Survey (USGS) estimates the formation's total area to be around 95,000 square miles, ranging in depth from 4,000 to 8,000 feet. The 400 year-old rock Marcellus shale formation is estimated to contain more than 410 trillion cubic feet of natural gas and could supply U.S. consumers' energy needs for hundreds of years. The major players in the Marcellus shale include Chesapeake, Range Resources, EXCO Resources, Anadarko, XTO, Rex Energy, Cabot  Oil and Gas , EOG and others.

The acquisition was completed in exchange for one million shares of the $5.00 par value Worldwide Series C Preferred shares.

Frank Kristan, President of Worldwide Internet, Inc. stated that, "We look forward to developing this property with our partners. With the increase in  natural gas prices , we see an opportunity that will increase the value of our assets. The company is focused on building its diversified portfolio."

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.

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Austin PostalAnnex Changes Hands After 19 Years

Updated Category News Views 3

A Seamless Transition in Austin's PostalAnnex Legacy You know when a business digs its roots deep, becoming more than just a place but a part of the community fabric? That's what’s playing out at the PostalAnnex on W Parmer Lane, Austin. After nearly two decades, this battered yet steadfast hub of office and shipping services is swapping hands, all in the name of...

Continue Reading
Leidos' Autonomous Vessels Chart Bold Naval Waters

Updated Category News Views 1

Leidos' Autonomous Leap with the U.S. Navy Well, today it's all about Leidos, an outfit that's been showing its grit in the world of maritime autonomy. Their systems aren't just tinkering around anymore—they're slicing through the waves at RIMPAC, the Rim of the Pacific, and running alongside the USS Theodore Roosevelt Carrier Strike Group. That's big news in anyone's...

Continue Reading
AllyGPO Shines as Top Innovator in Health Tech

Updated Category News Views 3

Innovative Excellence in Healthcare Tech It's not every day you see a specialty group purchasing organization like AllyGPO snagging a spot on Fast Company's esteemed list of Best Workplaces for Innovators. Making it into the top half at number 40 in 2026, it’s a testament to a company really leaning into employee-driven innovation. And, buddy, this ain't just corporate...

Continue Reading
Drunk Angel Celebrates First Year in Crystal Jewelry

Updated Category News Views 3

One Year Down, A Unique Path Forward It's been a year since Drunk Angel jumped into the online jewelry scene, and they're setting themselves apart in their own glittery lane. Imagine starting a brand that's not just about pretty trinkets, but about linking those tiny treasures to timeless traditions. They've got their sights set on blending the deep tales of gemstones...

Continue Reading
Muscle Car Fever Revs Up in New Global TV Series

Updated Category News Views 1

Chasing the Dream on Wheels Amid the buzz of New York, there's a roar building up that's hard to ignore. It's a sound that echoes through time, capturing the imagination of petrol heads everywhere—those legendary American muscle cars are back in the limelight. I mean, who hasn't dreamt of launching down a highway in a '69 Ford Mustang? 'The Hunt for Rolling Treasure' is...

Continue Reading
MADD, Uber Rally at Capital Invitational for Safe Choices

Updated Category News Views 3

Driving Change at the Capital Invitational Let's talk about a powerhouse collaboration aiming to do more than just thrill basketball fans. We're looking at MADD Sports, Uber, and the Capital Invitational joining forces at The St. James in Springfield, Virginia, on December 10, 2026. This is not your average sporting event; it's a gathering with a bigger purpose. The...

Continue Reading
Webinar Highlights Workforce Skills and AI Tools

Updated Category News Views 3

The Shift Towards Skills-Based Talent Development The labor market's in a whirl, folks. Employers are scrambling to adapt to rapid changes, chasing after 'skills intelligence' like it's going out of style. On September 24, University of Phoenix, with its band of partners including Jobs for the Future and Skillmore™, will dig into this very topic. This upcoming webinar...

Continue Reading
India's First Upright Proton Therapy System Unveiled

Updated Category News Views 6

A Leap Forward in Cancer Care: Proton Therapy Revolution Dang, just when you think you've heard it all in cancer treatment, Fortis Healthcare drops a bombshell: India’s first upright proton therapy system. Boom! This isn't your run-of-the-mill radiation treatment we're talking about here. This is the futuristic flair of the MEVION S250-FIT™, featuring upright...

Continue Reading
Innventure Faces Major Lawsuit Amidst Market Turmoil

Updated Category News Views 0

The Plot Thickens with Innventure's DarkNX Project Buckle up, fellow market sling-riders; the Innventure tale is a rocky one for the books. Imagine this: You’ve plunked down your hard-earned cash on Innventure Inc. (NASDAQ: INV), lured by their glowing pronouncements about a supposed golden egg project, the Accelsius DarkNX data-center deal. A big talk about...

Continue Reading
The Austin Company to Showcase at ISPE Annual Event

Updated Category News Views 2

Setting the Stage at ISPE Expo When you think of pharmaceuticals and the bustle behind closed doors, it's with companies like The Austin Company leading the charge. This October, they're strutting their stuff at the ISPE Annual Meeting and Expo. No small potatoes here—it's at the Gaylord National in Maryland. Mark those dates: October 18-21, 2026. It's a circus of...

Continue Reading

Top 5 Most Recently Viewed Articles

HeartSciences Unveils Progress and Financial Results

Updated Category News Views 132

HeartSciences Achieves Notable Progress in Cardiac Technology Heart Test Laboratories, Inc., also known as HeartSciences (Nasdaq: HSCS; HSCSW), is an innovative medical technology company focused on improving ECG (electrocardiogram) diagnostics by leveraging artificial intelligence (AI). With a commitment to early detection of heart disease, the company recently provided...

Continue Reading
DFDS Reports Q2 2025: Challenges in Mediterranean Operations

Updated Category News Views 342

Q2 2025 Financial Performance Update The interim report for Q2 2025 brought both positive signs and major challenges for DFDS. On the positive side, the company reported a revenue increase of 3%, bringing the total to DKK 7.8 billion. However, the organic growth was down by 2%, raising some concerns. Additionally, EBIT saw a drastic reduction of 69%, down to DKK 163...

Continue Reading
Xtreme Fighting Championships Exciting Return to South America

Updated Category News Views 131

Xtreme Fighting Championships Exciting Return to South America Recently, Xtreme Fighting Championships (XFC), backed by Xtreme One Entertainment, Inc. (OTC: XONI), confirmed its much-anticipated return to the vibrant landscape of South America. This marks a significant milestone for the organization, which previously hosted numerous thrilling events in the region....

Continue Reading
Upcoming Earnings Call of California Water Service Group

Updated Category News Views 58

Exciting Upcoming Earnings Announcement California Water Service Group (NYSE: CWT) is gearing up for an important event as it prepares to release its third quarter earnings results. Scheduled at 9:00 a.m. ET, this announcement is set to precede a conference call taking place at 11:00 a.m. ET on a date that is sure to draw significant attention from investors. Details of...

Continue Reading
Explore Top 5 Game-Changing Features of Apple's iOS 18 Today

Updated Category News Views 236

Apple's iOS 18 hit the scene back in September 2024, igniting a wave of buzz that even seasoned traders couldn't ignore. With each new release, Apple (NASDAQ: AAPL) aims to not just upgrade software but also steer discussions on user experience and market position. This time around, it wasn't just about shiny new features; it was a strategic shift towards customization...

Continue Reading