NEW YORK NY / ACCESSWIRE / July 23, 2014 / Worldwide Internet, Inc. (OTC Pink: WNTR) announced that it has signed a Letter of Intent with Media Biotech LLC (www.nanomeda.com).
The parties will work together to design, engineer and manufacture, through Nano Engineering, drugs with properties that maximize delivery to disease sites, which dramatically enhances efficacy, while minimizing toxicities. This would include applications for the use of Nanomedicine in the Medical Marijuana industry with The Green Fund (www.thegreenfund.us). The parties will work together to develop additional investments in the area of Nanomedicine. Worldwide would enter into agreements with other companies to create a diversified portfolio of investments in Nanomedicine.
The field of Nanomedicine grew exponentially from 2000 to 2014. Nanomedicine is still a very young field within the broader scope of pharmaceuticals. The annual global Nanomedicine market was $50.1 billion in 2011. The market is expected to grow to $96.9 billion by 2016 at a compound annual growth rate (CAGR) of 14.1% between years 2011 and 2016.
Frank Kristan, President of Worldwide Internet, Inc., stated:
"We continue to diversify our investments in the health care industry and provide our portfolio companies the opportunity to benefit from synergies with our other portfolio companies."
About Meda Biotech, LLC
Meda Biotech (www.nanomeda.com) is a clinical-stage biopharmaceutical company developing a new class of Hybrid- Nanoengineering(TM) platform that enables the design, engineering and manufacturing of Hybrid water soluble drugs with unprecedented control over drug properties to maximize trafficking to disease sites, dramatically enhancing efficacy while minimizing toxicities.
About 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 up to date Actionable Investment Intelligence on the pulse of these rapidly growing industries.
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC: WNTR) (www.wdhinc.com). The company is focused on making acquisitions of business operations and investments to create a diversified holding company.
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SOURCE: Worldwide Internet, Inc