Worldwide Diversified Holdings announced it completed the acquisition of 100% of Lemaro Investments Limited from Venerable Capital.

The Lemaro assets consist of a portfolio of $72 million in equipment leases, with contract values in excess of $100 million. The audited statements for the company provide for $13 million in revenues and $0.05c per share in asset value.

The transaction provides for the appointment of additional directors being Stephen Rothschild, Henry Maloney, Clive Raines and Alan Rude. The corporate officers will remain as Frank Kristan and Phil Sands.

Frank Kristan, president of Worldwide Diversified Holdings, stated, “We are pleased that we have been able to complete this acquisition and now have the requirements for our listing early in the New Year to maximize value for shareholders. We look forward to working with Venerable Capital Corporation to grow the assets and operations to benefit shareholders over the next few years.”