SOURCE: Worldwide Internet, Inc.

May 06, 2014 13:45 ET

Worldwide Signs Letter of Intent With Elevated Acres

Company Completes Land Acquisition

NEW YORK, NY--(Marketwired - May 6, 2014) - Worldwide Internet, Inc. (OTC Pink: WNTR) (PINKSHEETS: WNTR) ("Worldwide") announced today that it has signed a Letter of Intent with Elevated Acres LLC, based in Colorado, as a potential partner in The Green Fund (www.thegreenfund.us)

The letter of intent will provide for financing for Elevated Acres of at least one million dollars subject to the terms and conditions of additional agreements, with due diligence to be completed on or before May 31, 2014. The agreements would be subject to a legal opinion that the transactions comply with federal laws and the laws of the State of Colorado. 

The land will have greenhouses that will be constructed with steel frames and a polycarbonate covering. These state of the art houses will be fully climate controlled, making it possible to operate year round. They will have separate areas to allow for different growing methods as well as supporting all phases of plant growth. The facilities will provide significant advantages to keep production costs low while still being able to reach the highest quality.

The project partners have completed the acquisition of 37 acres in the State of Colorado that will be leased for growing and production of the plants. The company is currently working with the local planning and zoning committees to get approval for the intended use of property. They are also having projected water usage totals calculated for the process of getting a commercial well approved. The company is working with engineering companies to design and construct the driveway and highway access to the property. 

Derek Smith, Principal of Elevated Acres LLC, stated that:
"I am excited to break ground on the property and move this project along." 

About Elevated Acres, LLC
Elevated Acres is a collective of master gardeners and business-minded individuals targeting to be the premier legal cultivator of wholesale marijuana in the state of Colorado. The members of this collective see a huge business opportunity in this booming industry and want to use the power of the sun and green houses to produce product year -- round for marijuana dispensaries in the state.

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.

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