W Technologies, Inc. Enters Into Patent License Agreement With Smokefree Innotec, Inc.
April 17 2014 - 1:02PM
Marketwired
W Technologies, Inc. Enters Into Patent License Agreement With
Smokefree Innotec, Inc.
HUNTINGTON BEACH, CA--(Marketwired - Apr 17, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today that it has entered into a Patent License Agreement
with Smokefree Innotec, Inc., a developer and distributor of
e-cigarettes. The Patent License Agreement grants to W
Technologies a license for use of the patents owned by Smokefree
Innotec for marketing of the Smokefree products.
George Roth, President of
Smokefree Innotec, Inc., noted, "This licensing represents the
first of a number of new planned moves to put the Smokefree
products into distribution, following our inability to establish a
long-term relationship with Denverson and subsequent configurations
under design for alternatives, e. g. hemp-based nicotine
delivery." Mr. Roth added, "The launch of the licensing with W
Technologies is only our first step in teaming up with
businesses that will be producing its own unique branding of the
basic designs patented by Smokefree."
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.
About Smokefree
Innotec, Inc. Smokefree Innotec, Inc. (PINKSHEETS: SFIO), is
in the business of designing, developing, manufacturing and
distributing under license various brands of hi-tech, nicotine
and non-nicotine cigarette-like delivery devices that are
either completely smoke and vapor-free and tobacco-free, or
alternatively emit vapor.
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
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