W Technologies, Inc. Joint Venture Partner, 1World Direct Ltd., Announces Agent Agreement With PT Kartu Global Bersama of Ind...
April 02 2014 - 8:30AM
Marketwired
W Technologies, Inc. Joint Venture Partner, 1World Direct Ltd.,
Announces Agent Agreement With PT Kartu Global Bersama of Indonesia
HUNTINGTON BEACH, CA--(Marketwired - Apr 2, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today that its Joint Venture Partner, 1World Direct Ltd.
Hong Kong, has signed an Agent Agreement with PT Kartu Global
Bersama of Indonesia. In addition, 1World Direct has opened
marketing offices in Indonesia.
Indonesia is the most populous and geographically largest
country in South-East Asia. It has also the second largest migrant
worker population in the region, reaching over 1,000,000 placements
in 2013. 1World Direct Ltd., with the signing of the Agent
agreement with PT Kartu Global creates and immediate entry and foot
print into the Indonesia remittance market.
"The signing of the Agent Agreement with 1World Direct Ltd. to
market its worldwide global payments solutions with PT Kartu Global
Bersama represents a significant step forward and providing our
Indonesia Workers and the Manning Companies the best possible
solutions for their remittance programs. We welcome 1 World Direct
into our offices and look forward to a prosperous and successful
relationship," stated I. Ketut Purna, President of PT Kartu Global
Bersama.
Gary Koelsch, President of W Technologies, stated, "This new
agreement greatly expands our opportunities to market our wide
variety of products and services and brings us closer to realizing
our corporate mission as a global marketing company."
Mr Koelsch also disclosed that the terms of the Joint Venture
Agreement between W Technologies, Inc. and 420 Innovations LLC have
not been fulfilled and the relationship was not completed to the
satisfaction of management of W Technologies. As a result, W
Technologies will no longer have any relationship with 420
Innovations LLC.
About W Technologies, Inc.
W Technologies, Inc. (www.wtechnologies.biz), whose stock is
publicly traded under the symbol (PINKSHEETS: WTCG), is a
diversified holding company with the mission to develop, manage and
finance emerging companies. W Tech will be involved in the
development of new social media and digital advertising
technologies, on-line shopping and payment solutions, new
environmentally-safe oil and gas recovery technologies, new clean
water technologies, financial services involving residential and
commercial real estate and other emerging markets. The Company
expects to bring a paradigm shift in the use of these new
technologies in the respective business sectors and to develop new
methods to finance its affiliated companies. Through its
subsidiaries and affiliates with their experienced personnel, W
Tech will seek to grow through acquisitions, joint marketing
arrangements and organic growth in emerging markets.
About 1World Direct Ltd.
1World Direct Ltd. is a Hong Kong corporation and Joint Venture
Partner with W Technologies Inc. that provides global financial
solutions in partnership with emerging technologies, effective
positioning and unique, global marketing strategies. 1World Direct
Ltd.'s global marketing strategies also provide turnkey sales and
development programs for the products and services the company
represents.
Precautionary and Forward-Looking Statements This 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, as amended, and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
"Forward looking statements" describe future expectations, plans,
results, or strategies and are generally preceded by words such as
"may," "future," "plan" or "planned," "will" or "should,"
"expected," "anticipates," "draft," "eventually" or "projected."
You are cautioned that such statements are subject to a multitude
or risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in the Company's disclosures or filings with OTC
Markets, Inc. You are further cautioned that stocks of smaller
companies like W Technologies, Inc. are inherently volatile and
risky and that no investor should buy this stock unless they can
afford the loss of their entire investment.
Contact: W Technologies, Inc. Investor Relations
800-360-2140