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World Health Energy Holdings Announces Completion of All SEC Filings

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Company Reports Net Income of $539,692 in 2018; Company Now Fully Reporting

NEW YORK, July 30, 2019 (GLOBE NEWSWIRE) -- World Health Energy Holdings (OTC PINK: WHEN), a diversified energy, health, and security technology company with corporate offices located in Boca Raton, Florida and Ramat Gan, Israel, announced today that the company has recently updated its filings in compliance with SEC reporting requirements and is now current and fully reporting. The Company’s net income was $539,692 for the year ended December 31, 2018, compared to a net loss of $67,676 for the year ended December 31, 2017. The Company’s long term liabilities were significantly decreased primarily due to related party capital advances being settled for a reduced amount than previously recorded.

Up until July 2015, the Company’s primary focus was the production of algae for biofuel using their proprietary GB3000 growth system. The system quickly and efficiently grows algae for the production of biofuels and food protein. The Company also sought to produce and market high-quality, low-cost B100 biodiesel. The Company continues to explore alternative revenue sources including licensing, joint ventures and mergers with existing Green Energy organizations. http://www.whengreenenergy.com

In October of 2017, the Company entered into agreements to buy a majority interest in Unique Cyber Group (UCG, Inc.), a Florida corporation. UCG is developing the next generation of cyber defense products for internal and external threats in this new age of technology through its wholly owned subsidiary, RNA LTD. Following the transaction, it was planned that UCG was to become a majority owned subsidiary of the Company. Prior to the Agreements being closed or implemented, Chaim Lieberman, the Founder, former Shareholder and Director, passed away. Subsequently, Uri Tadelis, the Company’s former Chief Executive Officer, resigned from all positions with the Company. As of this date, the Agreements have not closed but continue to be reviewed and revised. The anticipated closing date is expected in the second half of 2019.

Giora Rozensweig was appointed Interim CEO along with two new Directors. Mr. Rozensweig said,

“I’m extremely excited that the company is finally back in compliance with the SEC. This was a long arduous journey made difficult with the passing of Mr. Lieberman and resignation of our former CEO. The company now has all new Directors and ready to move forward with development, implementation and sales of its unique cyber security products which we anticipate will create significant shareholder value. The Company will continue to update shareholders through news releases, website updates and required SEC filings. We thank you for your patience and continued support.”

Investor Database for Future Press Releases and Industry Updates

Interested investors and shareholders are invited to be added to the corporate e-mail database for corporate press releases and periodic industry updates by sending an e-mail to: info@worldhealthenergy.com

About World Health Energy Holdings (www.worldhealthenergy.com)

World Health Energy Holdings, Inc. (WHEN) is a diversified Cybersecurity, Energy, Health and Financial Software company.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. WHEN has great potential but is not yet generating revenues. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subjected to known, unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Contacts:
World Health Energy Holdings, Inc.
+1-561-870-0440
info@worldhealthenergy.com