W Technologies, Inc. Joint Venture Partner, 1World Direct Ltd., & Cloud Lead Enterprises Anticipate Gross Revenues of US$2M i...
June 06 2014 - 8:00AM
Marketwired
W Technologies, Inc. Joint Venture Partner, 1World Direct Ltd., and
Cloud Lead Enterprises Anticipate Gross Revenues of US$2M in 2014
Q3 and Q4
HUNTINGTON BEACH, CA--(Marketwired - Jun 6, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today that its Joint Venture Partner, 1World Direct Ltd.
Hong Kong, and 1World Direct's JV Partner, Cloud Lead Enterprises,
have projected Gross Revenues of US$2M during the 3rd and 4th
Quarters of the 2014 Fiscal Year for outbound sales
campaigns. These projections are based upon coordinated
marketing campaigns which have now been approved with merchants and
member groups as well as those which will be created within the
coming weeks.
Jesse Alcala, Cloud Lead Enterprises President, stated, "1World
Direct Ltd. and their affiliates are providing our company with
global strategic marketing partners and avenues for revenues. We
continue to build with 1World Direct Ltd. a truly global network of
merchants and clientele. The opportunities in the strategic
alliances between our company, 1WorldDirect Ltd. and W
Technologies, Inc. have created a powerful global marketing
partnership."
W Technologies, Inc. will, as a result of its Joint Venture
Agreement with 1World Direct Ltd., realize its proportionate share
of gross revenues as well as any gross and net profits generated
from these marketing campaigns.
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
800-360-2140