NEW YORK, NY -- (Marketwired) -- 03/07/14 -- Worldwide Internet, Inc. (OTC Pink: WNTR) announced today that it has acquired an interest in E3 Services and Solutions LLC ("E3") (www.e3space.com) in exchange for 120,000 of the company's Series C Preferred Shares with a stated value of $5 per share. In addition, E3 has completed an initial round of funding and received additional financing commitments of up to $6 million dollars subject to certain terms and conditions.
E3 will work with strategic partners to develop and further commercialize key technologies for water reclamation projects in the oil & gas industry, mining services and industrial pollution. This includes the Eco Industrial parks and Remediation centers announced earlier and across coastal and inland port operations.
Mark A. Skoda, CEO of E3 stated:
"The vision we began with was to procure and commercialize best in class technologies and innovation while brining that technology to market quickly in industrial applications. The integration of a funding platform together with a number of technology partners represent an innovative approach to our solution. The world class leadership and inventors we are working with provide a unique opportunity to benefit our clients, the environment and of course people."
Frank Kristan, President of Worldwide Internet, Inc. stated that:
"We understood the needs of the market and decided to establish our relationship with E3 on the basis of their vision and go to market strategy. The relationship between Worldwide and E3 will allow us to accelerate our plans. The structure of this agreement provides for rapid development and deployment which may provide asset value and dividends for our shareholders."
The company also announced that, in compliance with OTC Market requirements, it will file its Annual Report or before March 31, 2014. The company is also in the process of retaining auditors to provide audited statements as a condition of its previously announced firm underwriting commitment for $30 million dollars and listing on to the NASDAQ or AMEX/NYSE exchanges.
About E3 Services and Solutions LLC
E3 Services and Solutions LLC (www.e3space.com) is designed to source innovation and spur innovation through rapid industrialization and policy adoption of FFH technologies while mitigating disruptive process changes to business and the eco-system.
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: WNTR) (www.worldwideinternetinc.com). The company is now focused on making acquisitions of business operations and investments to create a diversified holding company.
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