W Technologies, Inc. Joint Venture Partner, 420 Innovations LLC, Seeks Licenses to Become a Retail Seller of Medical Marijuan...
March 13 2014 - 10:15AM
Marketwired
W Technologies, Inc. Joint Venture Partner, 420 Innovations LLC,
Seeks Licenses to Become a Retail Seller of Medical Marijuana in
Washington State and Colorado
HUNTINGTON BEACH, CA--(Marketwired - Mar 13, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today that its Joint Venture Partner, 420 Innovations
LLC, is seeking licenses to become a retail seller of medical
marijuana in both Colorado and Washington State and the same time
it plans to continue to identify immediate opportunities within the
existing market of California. The aggressive expansion of licenses
in the medical marijuana sector marks a bold move for the future
direction of 420 Innovations LLC, and its Joint Venture partner, W
Technologies, Inc.
Ronald Costa, President of SoMo Technologies, Inc., a subsidiary
of W Technologies, Inc., said, "We've said this over and over
again, and it merits saying once more, that the two biggest factors
of a successful business are a mobile marketing campaign and the
number of people who see it. Through our mobile marketing
subsidiary our social media concepts will be applied to the
products that 420 Innovations produces and sells, both on a
wholesale basis to retailers and direct to consumers through the
Internet, where legal." Mr. Costa went on to say, "As more states
consider the legalization of marijuana, and not unlike other
companies such as Terra Tech and FusionPharm, and many others, 420
Innovations is considering the expansion into other products and
facets of the business, not limited to the processing and sales of
marijuana, but also into related products where our social media
concept can and will be useful. Many people predict that the
current growth trend in the legal marijuana industry is poised to
experience dynamic expansion and the regulated, domestic cannabis
market, as well as other related products, could grow from what has
been estimated to be approximately $1.5 billion to $20 billion over
the next several years."
Gary Koelsch, President of W Technologies, said, "Our plans and
focus are on growing W Technologies, its subsidiaries and Joint
Venture partners to create steady and increasing revenue streams
for the Company. With access to the capital markets necessary to
fund the Company's aggressive growth plans, we believe the
opportunities which the Company has in sight are significant."
About W Technologies, Inc.
W Technologies, Inc., whose stock is publicly traded under the
symbol WTCG, is a diversified holding company with the mission to
develop, manage and finance emerging companies. W Technologies 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 Technologies 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