RealTime IT News

World InterNetworks Executes Four-To-One Reverse Stock Split

E-commerce firm World InterNetworks Inc., formerly Wealth International, announced a four-to-one reverse split of the company's common stock for all shares issued or transacted prior to close of business on September 4.

Shareholders of record as of the aforementioned date will receive one share of common stock of World InterNetworks Inc. (New CUSIP No. 9814G 20 0) in exchange for every four shares of common stock of the company presented. The exchange will be effected through Standard Registrar & Transfer of Draper, UT.

World InterNetworks Inc. is a diversified electronic commerce company, which through its subsidiaries--WI Marketplace, Global Media Group and Global Wholesale Exchange--is committed to capitalizing on growing commercial trends evolving online. The company operates a virtual mall called WI Marketplace.

Its new symbol is WINWD. The company's stock closed Friday at $4.50, unchanged.