September 3, 2014 $WNTR
WORLDWIDE UPDATE ON SOLAR PROJECT
NEW YORK NEW YORK, September 3, 2014 – Worldwide Internet, Inc. (OTC Pink: WNTR) announced today a shareholder update on Pamlico Energy Park, LLC, that is now part of its portfolio company GCHI Green Company Holdings, Inc.
Pamlico Energy Park LLC (“Pamlico”) has selected Hanwha Q-Cells (www.q-cells.com) for installation in the solar farm to be located in Camden County, North Carolina.
Pamlico has received is approval from the North Carolina Utilities Commission for the initial stage of 1 MW of the 5MW project. Pamlico has also completed the initial lease of the 30 acre property, for the 5MW project, for 15 years with an option to extend an additional 30 years. The project is expected to be in production in the fourth quarter of 2014.
Pamlico has engaged Pike Energy (www.pike.com) for engineering and procurement services. Pike Energy is one of the largest providers of energy solutions in the United States. Pamlico has a power purchase agreement with Dominion Resources (www.dom.com).
The financing of the project is through the Federal Investment Tax Credit for 30% of the project costs, the North Carolina Tax Credit for 35% of the project cost, in addition to depreciation and the sale of Renewable Energy Credits. The initial 5 MW project when completed will be $10m.
Frank Kristan, President of Worldwide Internet, Inc. stated that:
"We are very pleased with our investment in green technology companies. We have strong partners on this project that will provide future dividends for our shareholders.”
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC: WNTR) (www.wdhinc.com). The company is focused on acquisitions of business operations and investments to create a diversified holding company.
About Hanwha Q CELLS
Hanwha Q CELLS is part of the South-Korean Hanwha Group and one of the world’s leading photovoltaics companies. Hanwha Q CELLS offers a wide range of photovoltaic solutions, from solar cells and modules to solar power plants. Hanwha Q CELLS’ products are developed and manufactured at its headquarters in Bitterfeld-Wolfen (Germany) and marketed via its global sales network. It also has a second production plant in Malaysia. For more information, please visit: www.q-cells.com
About Hanwha Group
Hanwha Group, founded in 1952, is one of the largest business enterprises in South Korea and FORTUNE Global 500 company with 53 domestic affiliates and 78 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With a 60-year track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from basic chemicals and advanced materials to property development and total solar energy solutions. The finance network, covering banking, insurance, asset management and securities, is the second largest non-bank finance group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses. For more information, visit www.hanwha.com
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@worldwideinternetinc.com
Phone/Fax: (206) 984-3470
WORLDWIDE UPDATE ON SOLAR PROJECT
NEW YORK NEW YORK, September 3, 2014 – Worldwide Internet, Inc. (OTC Pink: WNTR) announced today a shareholder update on Pamlico Energy Park, LLC, that is now part of its portfolio company GCHI Green Company Holdings, Inc.
Pamlico Energy Park LLC (“Pamlico”) has selected Hanwha Q-Cells (www.q-cells.com) for installation in the solar farm to be located in Camden County, North Carolina.
Pamlico has received is approval from the North Carolina Utilities Commission for the initial stage of 1 MW of the 5MW project. Pamlico has also completed the initial lease of the 30 acre property, for the 5MW project, for 15 years with an option to extend an additional 30 years. The project is expected to be in production in the fourth quarter of 2014.
Pamlico has engaged Pike Energy (www.pike.com) for engineering and procurement services. Pike Energy is one of the largest providers of energy solutions in the United States. Pamlico has a power purchase agreement with Dominion Resources (www.dom.com).
The financing of the project is through the Federal Investment Tax Credit for 30% of the project costs, the North Carolina Tax Credit for 35% of the project cost, in addition to depreciation and the sale of Renewable Energy Credits. The initial 5 MW project when completed will be $10m.
Frank Kristan, President of Worldwide Internet, Inc. stated that:
"We are very pleased with our investment in green technology companies. We have strong partners on this project that will provide future dividends for our shareholders.”
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC: WNTR) (www.wdhinc.com). The company is focused on acquisitions of business operations and investments to create a diversified holding company.
About Hanwha Q CELLS
Hanwha Q CELLS is part of the South-Korean Hanwha Group and one of the world’s leading photovoltaics companies. Hanwha Q CELLS offers a wide range of photovoltaic solutions, from solar cells and modules to solar power plants. Hanwha Q CELLS’ products are developed and manufactured at its headquarters in Bitterfeld-Wolfen (Germany) and marketed via its global sales network. It also has a second production plant in Malaysia. For more information, please visit: www.q-cells.com
About Hanwha Group
Hanwha Group, founded in 1952, is one of the largest business enterprises in South Korea and FORTUNE Global 500 company with 53 domestic affiliates and 78 global networks in three major sectors: manufacturing and construction, finance, and services and leisure. With a 60-year track record of industrial leadership, Hanwha’s manufacturing and construction businesses encompass a broad range of fields from basic chemicals and advanced materials to property development and total solar energy solutions. The finance network, covering banking, insurance, asset management and securities, is the second largest non-bank finance group in South Korea. The services and leisure sector offers premium lifestyle services with retail and resort businesses. For more information, visit www.hanwha.com
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@worldwideinternetinc.com
Phone/Fax: (206) 984-3470
