NEW YORK, NEW YORK / ACCESSWIRE / July 31, 2014 / Worldwide Internet, Inc. (OTC Pink: WNTR) ("Worldwide") confirmed today that it has issued the dividend to shareholders of record on June 30, 2014.
The company formed GCHI Green Company Holdings, Inc. ("GCHI") in New Brunswick, Canada and transferred to GCHI, its 100% interest in Green Company Holdings, Inc. a Colorado corporation, 50% interest in Pamlico Energy, 20% interest in Greener Wind Solutions, Inc, 10 % interest in Hemp MarketWatch, 5% interest in E3 Services and Solutions and its marketing agreements with Singlepoint and Responsibill.
GCHI is a diversified holding company created to develop companies in the medical marijuana industry and projects in green technologies and renewable energies. GCHI is currently developing a diversified portfolio of companies in this sector and evaluating additional companies for participation.
The dividend was payable to Worldwide shareholders of record on June 30, 2014 who receive one share of GCHI for every 100 shares of Worldwide. Under Canadian Securities Law the shares can be registered for trading after 120 days. GCHI intends to list the shares for trading on the Canadian Securities Exchange ("CSX") in the fourth quarter of this year. GCHI is currently applying for its ISIN number and then will apply for eligibility for electronic trading of the securities before filing its CSX listing application.
GCHI has appointed Les Barber as its Director and President based in Hamilton. Les is an experienced executive working with Small and Mid-Cap Public Companies in Mergers and Acquisitions and International Investor Relations. He is also experienced with Electronic Media/Social Networking Marketing and Sales Branding for Internet, Direct Mail & Email Marketing campaigns. He has more than 30 years of experience in the Entertainment Business Marketing and International, National and Local Entertainment Business Relationships.
GCHI has also appointed Integral Transfer Agency, based in Toronto, Canada as its transfer agent for the issuance of the shares and other shareholder services. Worldwide shareholders who currently hold physical certificates will receive physical GCHI certificates. Worldwide shareholders who currently hold shares at brokerage firms will receive their shares electronically in their accounts, when GCHI has received its ISIN and its eligibility for electronic deposits for brokerage firms. The process is expected to be completed in the next 30 days.
Frank Kristan, President of Worldwide Internet, Inc., stated that:
"We continue to execute on our business plan to provide diversified holdings to create value for our shareholders through dividends and asset growth. GCHI is our first dividend in our previously announced policy to pay quarterly dividends."
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR) (http://www.wdhinc.com/). The company is focused on making acquisitions of business operations and investments to create a diversified holding company.
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.
Phone/Fax: (206) 984-3470
SOURCE: Worldwide Internet, Inc.