PRESS RELEASE
____________________________________________________________________________
FOR IMMEDIATE RELEASE
July 23, 2013
WORLDWIDE INTERNET TO ACQUIRE REAL ESTATE PROPERTY
Increases portfolio value by $26 million dollars
WILLIAMSBURG, VA, JULY 30, 2013 ? Worldwide Internet, Inc. (OTC: WNTR) announced today that it has entered into a Letter of Intent to acquire two apartment complexes, located in New York, New York for a total purchase price of $26,000,000.
The purchase terms provide for the payment of $250,000 on closing, assumption of a First Mortgage and the balance of payment in the form of a Secured Convertible Note.
Frank Kristan, President of Worldwide Internet, Inc stated that:
?We are excited about acquiring the Honeywell Estates properties. The properties will provide more than $3.2 million in revenues and a net annual income of $1.7 million for the company. It will also substantially increase the assets of Worldwide.?
The Honeywell Estates consist of two residential buildings located in New York, New York. Each building has 99 apartments, for a total of 198 units.
Worldwide Internet, Inc. is currently trading on the OTC Markets ( www.otcmarkets.com ) under the trading symbol WNTR.
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC: WNTR) ( www.worldwideinternetinc.com ) is in the business of developing technology for internet datacenter services and e mergency notifications to the public. The company is focused on making investments to diversify its business operations and holdings.
About Honeywell Estates
The Honeywell Estates consist of two residential buildings located in New York, New York. There are a total of 198 rental apartments.
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
