SOURCE: Evans Systems, Inc.

August 15, 2007 08:30 ET

Evans Systems, Inc. Changes Name to WatchIt Technologies, Inc.

Symbol Change to Be Announced Soon

ASHEVILLE, NC--(Marketwire - August 15, 2007) - Effective Tuesday, August 14, 2007, Evans Systems, Inc. (PINKSHEETS: EVSY) has changed its name to WatchIt Technologies, Inc. The Company has also filed for a symbol change and will be making that announcement in the near future.

WatchIt Technologies is an Internet-driven, point of sale corporation which is currently utilizing three divisions: Child Watch Network, Billboard Music Academy, and Boondoggle UK. The Child Watch Network specializes in point of sale digital display units; Billboard Music Academy is creating a revolutionary social network for America's musicians, and Boondoggle UK has produced overwhelming interest from pub operators throughout Great Britain.

"The name WatchIt Technologies is a strategic first step in branding a company that is diverse, with proven leadership in media, Internet technology, and fully reporting public companies. This new name better communicates the core focus of the newly installed corporate management. Dan Willis and Doug Smith remain on the Board, bringing with them their experience from the former company. Don Wood continues to serve as Director and President of the Child Watch Network. And Gary Musselman is a tremendous asset to the Board, and has proven to be invaluable in his capacity as the Company's CFO. It is important for the Public to be aware that with this name change, the management team and its previously reported business strategies have not changed. WatchIt Technologies intends to continue its timely filings in order to be returned to the OTC:BB status by the end of 2007," stated Frank Moody, CEO of WatchIt Technologies, Inc.

About WatchIt Technologies, Inc.:

WatchIt Technologies, Inc. is an emerging out of home new media advertising company operating the Child Watch Network (CWN). CWN delivers time-sensitive missing children information while providing a dynamic digital signage network for advertisers to reach on-the-go consumers with a targeted effective medium. Recently, the Company has acquired the international rights to market and sell Boondoggle Sports Network. The Company will initially focus on establishing a presence in the United Kingdom and will utilize management's experience and contacts to expand into other European countries.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements, other than the statements of historical facts, contained in this release which are not historical facts may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risk and uncertainties, including, without limitation, demand and competition for the Company's products and services, the availability to the Company of adequate financing to support its anticipated activities, the ability of the Company to generate cash flow from operations and the ability of the Company to manage its operations.

Contact Information

  • Contact:
    For more information, please visit:
    www.watchittech.com
    Or call Investor Relations:
    1-407-884-0444