NEW YORK, NY -- (Marketwired) -- 12/16/13 -- Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it has completed the acquisition of an interest in DPS Ventures LLC the owners of Dr Belt's Back Fix.
The interest was acquired from DPS Ventures LLC, in a private transaction, in exchange for the Worldwide Series C Preferred shares. The company also has an option to increase its ownership in DPS Ventures, LLC. The company has authorized 45,000,000 shares of Series C Preferred, with a stated value of $5.00 per shares to provide for up to $225 million in acquisitions with minimum dilution to shareholders.
Developed by Mark Belt, MD, a board certified Emergency Physician, Dr Belt's Back Fix works putting your back and neck in the correct posture. As we age, we tend to lose the posture of youth and the neck- & lower-back curve assume an unnatural shape. Once the correct posture is regained, the muscles, nerves, ligaments and spine are able to function properly. While sleeping or sitting Dr Belt's Back Fix trains your muscles to fix your posture and fix your pain.
The company intends to develop the Dr Belt's brand, similar to a Dr Scholl's brand, for the development of other medical device products and acquisition of medical supply companies. The North American sub-brand of Dr Scholl's is now under the control of Merck & Co.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
"We see opportunities in the medical industry to develop strong brands that will create value for shareholders and complement our business plan to make acquisitions that will develop a diversified holding company."
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.
About Dr Belt
Dr. Belt's Back Fix (www.drbelt.com) is a lumbar belt that can be worn while sleeping or awake to fix your posture and fix your pain. Dr. Belt's Back Fix trains your back to assume the correct posture to allow the spine, muscles, nerves, and ligaments to function properly. It creates the correct curve in your lower spine to relax your lower muscles, and prevent pain and inflammation with correct posture. Once correct posture is achieved, your back maintains that posture during your daily activities.
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