W Technologies, Inc. to Register Its Common Stock With the SEC in Order to Become a Fully-Reporting Company
May 27 2014 - 8:00AM
Marketwired
W Technologies, Inc. to Register Its Common Stock With the SEC in
Order to Become a Fully-Reporting Company
HUNTINGTON BEACH, CA--(Marketwired - May 27, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today the Company's Board of Directors has voted to
proceed with the filing of a Form 10 Registration Statement with
the United States Securities and Exchange Commission. Based upon
that vote, the Company has engaged a certified public accounting
firm to conduct an audit of the Company's past two fiscal years as
well as securities counsel to assist in the preparation of the Form
10 Registration Statement. The Registration Statement, when
approved by the SEC, will reinstate the Company as a
fully-reporting Company and eligible to be quoted on the OTCQB.
Gary Koelsch, President of W
Technologies, Inc. stated, "We believe that these steps that the
Company is undertaking will provide the Company greater access to
sources of investment capital, which will enable us to expand our
operations and revenue capabilities. Furthermore, it will provide
greater exposure for the trading of our common stock and result in
increased value of our common stock for our shareholders. We will
continue to provide updates on the status of our Registration
Statement."
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