Worldwide Internet said Thursday that it has inked a financing commitment for “working capital” from New York City-based private equity firm Kodiak Capital for the next twelve months. No financial terms were disclosed. Based in Newark, NJ, Worldwide Internet is a provider of technology for internet data center services and public emergency alerts.
WILLIAMSBURG, Va.–(BUSINESS WIRE)–Worldwide Internet, Inc. (OTC: WNTR) announced today that it has received a financing commitment for working capital from Kodiak Capital for the next twelve months.
The financing commitment provides working capital to the company based on certain terms and conditions under an investment agreement signed by both parties.
Frank Kristan, President of Worldwide Internet, Inc., stated that:“We are excited about working with Kodiak Capital to implement our business strategy of developing a diversified holding company. With the completion of the purchase of the Ludvik assets and the Honeywell Estates, we will have in excess of $50 million dollars in assets.”
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 emergency notifications to the public. The company is focused on making investments to diversify its business operations and holdings.
About Kodiak Capital Group LLC
Kodiak is an institutional investor headquartered in Newport Beach, CA. Kodiak makes private investments in public and private entities utilizing proprietary equity and debt instruments. These investments provide long-term strategic capital offering companies certainty, flexibility and consistency. Kodiak’s investments are in a wide range of industries emphasizing consumer products, life sciences, natural resources, and social media technology. For more information contact visit www.kodiak-capital.us.