Henderson, NV, July 8, 2022 (GLOBE NEWSWIRE) – Worldwide NFT, Inc. (OTCMKT: WNFT), provides the following update to the Company’s shareholders.
With the completion of the company’s name change and forward division, WNFT is now awaiting the conclusion of the court proceedings with former officer, Warwick Calasse. Mr. Calasse has appealed the lower court’s decisions regarding the cancellation of shares, previously issued to him, to the Supreme Court of Nevada. Although the company is convinced that the rulings will be upheld, it is unlikely that the company can enter into any agreement on acquisition or reverse merger during the course of this lawsuit. As such, no such transactions can be considered pending.
WNFT reminds shareholders and potential investors to rely only on company statements and NOT speculation from unrelated parties regarding transactions or other corporate events.
WNFT has entered into an agreement with Forwardly, Inc. (OTCMKT: FORW), where Forwardly will purchase a WNFT warrant entitling it to purchase 5 million WNFT warrant shares at $ 0.32 per warrant share. The subscription right must be exercised either in whole or in part within two years of issue. Forwardly will pay WNFT $ 200,000 for this guarantee. Mr. Sharp is the CEO of both WNFT and Forwardly.
WNFT is in the process of negotiating up to $ 5 million in equity financing to be used as operating capital in the event of a successful acquisition or reverse merger objective.
About Forwardly, Inc.
Forwardly is an opportunity that the investor seeks to collaborate on new ideas. The company is led by George Sharp, a longtime whistleblower, spokesman for microcap fraud and defender of shareholder rights. In addition to his continued participation in these activities, Mr. Sharp consults public companies, lawyers and those associated with the financial markets. He is also a former consultant for OTC Markets Group, Inc. Further information about Forwardly, Inc. is available through the Web site at www.ForwardlyPlaced.com
About Worldwide NFT, Inc.
WNFT is now in discussions / negotiations to acquire assets in the NFT (Non-Fungible Tokens) and Blockchain area. NFTs can be exchanged or traded in a similar way as other cryptographic assets, as they are financial securities that consist of digital data stored in a blockchain, a form of distributed ledger. The ownership of an NFT is registered in the blockchain, and can be transferred by the owner, so that NFTs can be sold and traded.
Safe Harbor Statement
This publication contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements using the words “may”, “will”, “should”, “planner”, “expect,” “” anticipate “, “continue”, “estimate”, “projects”, “intends” and similar expressions. is not limited to, the company’s ability to successfully implement its expanded business strategy, including by entering into final agreements with suppliers, commercial partners and customers; general economic and business conditions, effects of continued geopolitical turmoil and regional conflicts, competition, changes in technology and marketing methods, delays in completing various engineering and production programs, changes in sales order patterns, change is in product mix, continued success in technical advances and delivery of technological innovations, lack of components, production delays due to performance quality problems with outsourced components, regulatory requirements and the ability to meet them, rules and changes from the authorities, and various other factors beyond company control .
CONSULT:
Forward, Inc.
3535 Executive Terminal Drive
Suite 110
Henderson, NV 89052
702-840-4433
