Worldwide Evaluating Water Treatment Opportunities
New York, NY (Marketwired) - Worldwide Internet, Inc. (OTC Pink: WNTR) (the "Company") announced today that it is evaluating opportunities to invest in companies that are involved in developing water treatment solutions for the fracking industry.
As fracking becomes more prevalent in the oil and gas industry, the treatment of fracking water proves to be difficult. The average fracked well uses about 4 million gallons of water. Aside from how much water is used in the fracking process, drillers have to haul it and dispose of it correctly at a cost of about 10c a gallon. The company is evaluating a mobile solution for the problem that involves being able to deliver a water treatment plant to the site for processing.
There are more than 25,000 oil and gas wells that are completed in the US every year with each of them requiring the treatment and demand for clean, pure and reusable water.
Frank Kristan, President of Worldwide Internet, Inc. stated that:
"We continue to look for investments that will diversify our portfolio. Clean water is essential part of many industries beyond oil and gas and we will seek out these technological opportunities to add to our portfolio."
About Worldwide Internet, Inc.
Worldwide Internet, Inc. (OTC Pink: 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.
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SOURCE: Worldwide Internet, Inc.