W Technologies, Inc. Enters Into Letter of Intent to Acquire an Interest in Total Growing Solutions, Inc.
April 15 2014 - 8:30AM
Marketwired
W Technologies, Inc. Enters Into Letter of Intent to Acquire an
Interest in Total Growing Solutions, Inc.
HUNTINGTON BEACH, CA--(Marketwired - Apr 15, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today that it has entered into a Letter of Intent to
acquire an interest in Total Growing Solutions, Inc., a Nevada
corporation ("TGS, Inc."). The Letter of Intent provides that,
following the negotiation of a definitive agreement and closing of
the transaction, W Technologies will acquire Twenty percent of the
issued and outstanding shares of capital stock of TGS, Inc. in
exchange for W Technologies common stock valued at $500,000.
TGS, Inc. offers a modular
hydroponic growing system in conjunction with an extensive array of
consulting services designed to help new customers navigate the
complexities associated with the legal marijuana market
place. TGS, Inc. intends to market its "Total Growing
Solutions" as a solution for cultivation of locally grown products.
TGS Inc.'s specialized safe and secure "Pot Pods" will be the first
product marketed by TGS, Inc. and will target the ever-expanding
legal marijuana markets. TGS, Inc. also offers a robust
compliment of consulting services to individuals and new business
desiring to enter the legal marijuana marketplace. Attorney,
Daniel S. Miller, founder of Total Growing Solutions, Inc.,
oversees the consulting services offered by TGS, Inc. which offers
comprehensive assistance to its clients from crafting an initial
business plan to opening a clinic, cooperative, cultivation
facility or other lawfully permitted legal marijuana business
pursuant to state and local regulations. These services may
include licensing, permitting, governmental hearings, public
relations and marketing, site selection, negotiation with landlords
and design and build out of the facility.
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.
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
800-850-9601