W Technologies, Inc. Joint Venture Partner to Acquire Financial Services Company
February 11 2014 - 9:00AM
Marketwired
W Technologies, Inc. Joint Venture Partner to Acquire Financial
Services Company
HUNTINGTON BEACH, CA--(Marketwired - Feb 11, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today that its newly-signed Joint Venture Partner, 1World
Direct Ltd. of Hong Kong, has signed an Asset Purchase
Agreement with 1World Direct US, Inc., a Nevada
corporation.
1World Direct US, Inc. is positioned within the United States
and Mexico financial services markets providing financial solutions
in the form of payroll and remittance programs which are organic
within the Hispanic community. The company has a unique marketing
strategy dedicated to bring affordable products and programs to the
millions of Hispanics who rely on such services.
Gary W. Koelsch, President of W Technologies, Inc., stated, "We
continue to move forward with our subsidiary operations and with
our Joint Venture Partners in opening up new opportunities and
valuable streams of revenue, dedicated to bring value to our
shareholders."
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, new environmentally-safe oil and gas recovery
technologies, new clean water technologies, and financial services
involving residential and commercial real estate. 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