SOURCE: Worldwide Food Services, Inc.

Worldwide Food Services, Inc.

March 09, 2011 09:00 ET

Worldwide Food Services (WFSV) Company Update

BORDENTOWN, NJ--(Marketwire - March 9, 2011) - WORLDWIDE FOOD SERVICES, INC. (Worldwide Food Services) (WFSV) (Worldwide) (PINKSHEETS: WFSV) -- In keeping with modern technology, Worldwide has entered into the electronic marketplace by selecting a new transfer agent, Transfer Online, Inc., located at 512 SE Salmon Street, Portland, Oregon 97214, effective immediately.

This strategic move was made to correspond with the improvements announced on January 18, 2011 when Pink OTC Markets Inc. changed its name to OTC Markets Group Inc. OTC Markets Group operates the world's largest electronic marketplace for broker-dealers to trade unlisted stocks. The Group has three market tiers to fit the wide spectrum of OTC traded companies -- OTCQX (a quality-controlled marketplace for investor friendly companies), OTCQB (a US reporting marketplace for development stage companies), and OTC Pink (a speculative trading marketplace). This has made it easy for investors to identify the level and quality of information companies provide.

The Company would like to thank Mr. Duane Ford at Merit Transfer Company for his years of service as WorldWide's Transfer Agent and congratulates him on his retirement.

Worldwide Food Services has finalized the acquisitions of Global Holdings, Inc., Veterans Consulting Group, Inc. National Blind Enterprises Co-op, Inc., National Blind Brokers Co-op, Inc. Eagle View, LLC, and Eagle Rock Ventures, Inc. Each wholly-owned subsidiary was purchased by cash and stock with a two to five year restriction on the stock as per the terms of the acquisition. Worldwide is presently in negotiations to acquire or joint venture with four additional companies.

Worldwide Food Services, Inc. is 100% debt-free. The Company owes no suppliers or manufacturers; inventories that are held have all been paid-in-full.

For further information about this release, contact Rich Kaiser, Investor Relations, YES INTERNATIONAL, #800-631-8127 and/or www.wwfoodservices.com.

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Certain forward information contained in this release contains forward looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.

Contact Information

  • CONTACT:
    WORLDWIDE FOOD SERVICES, INC.
    Rich Kaiser
    Yes International
    800-631-8127