SOURCE: Worldwide Internet, Inc.
March 31, 2014 11:15 ET
Worldwide Provides Shareholder Update on The Green Fund
NEW YORK, NY--(Marketwired - Mar 31, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR ) announced today a shareholder update on its portfolio company Green Company Holdings, Inc. ( www.thegreenfund.us ).
Green Company Holdings, Inc. has closed the first two investments totaling $2,000,000 in its first thirty days for the period ending March 31, 2014. It currently has letters of intent and indications of interest from other companies totally in excess of $8,000,000 that include cash and/or securities in exchange for their interest in The Green Fund. The company intends to close transactions on a monthly basis until it closes an initial $10,000,000 into the fund. The Green Fund will have its own independent legal counsel and auditors.
The Green Fund is looking at opportunities in the industry for payment systems and informational portals including online shopping malls -- additionally, the opportunities for technologies that can be modified and applied to this industry. This includes kiosks that provide the product and sales of ancillary products in addition to real estate that provides for warehousing of the product.
The company also is currently interviewing auditors as part of the process for its listing on to the NASDAQ or NYSE /AMEX.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
"We are excited about our investment in this industry and we see a lot of opportunity for increasing shareholder value and providing dividends for our shareholders in the near future."
A bout The Green Fund
The Green Fund ( www.thegreenfund.us ) is a comprehensive group of qualified Small Cap Public Companies in the Emerging Hemp and Medical Marijuana Sectors that strives to bring you up to date Actionable Investment Intelligence on the pulse of these rapidly growing industries.
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