W Technologies, Inc. to Reorganize Its Operations Into Three New Divisions
December 09 2013 - 10:35AM
Marketwired
W Technologies, Inc. to Reorganize Its Operations Into Three New
Divisions
HUNTINGTON BEACH, CA--(Marketwired - Dec 9, 2013) - W
Technologies, Inc. (PINKSHEETS: WTCG) announced today that it is
reorganizing the Company into three distinct lines of business as
it expands its operations into new business sectors.
One of the Company's divisions will focus on Social and Digital
Media Advertising and consists of its existing subsidiaries,
AdMedia Group, Inc. and Somo Technologies, Inc., as well its
GottaGoText, G2GText and G2GGolf social media advertising
operations.
One of the new divisions to be established involves both
environmentally-safe oil and gas recovery technologies and clean
water technologies.
The other new division will focus on financial services
involving residential and commercial real estate.
The Company expects to begin the roll-out of the two new
divisions through acquisitions and/or joint ventures marketing
arrangements which it anticipates to announce in the coming
weeks.
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 Tech will be
involved in the development of new social media and digital
advertising technologies, 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