SOURCE: W Technologies, Inc.

W Technologies, Inc.

February 19, 2014 11:57 ET

W Technologies Enters Into Joint Venture With 420 Innovations, LLC

HUNTINGTON BEACH, CA--(Marketwired - Feb 19, 2014) -  W Technologies, Inc. (PINKSHEETS: WTCG) ( announced today that it has entered into a Joint Venture Agreement with 420 Innovations LLC, which is in the business of designing, developing, manufacturing and marketing hi-tech delivery devices and accessories to the rapidly growing market of medical dispensary businesses for marijuana and a variety of nutraceutical products. The 420 Innovations products are designed to set new standards in quality and excellence in supporting their customers' requirements. The need for such paraphernalia products is expected to grow along with the current rapid expansion of the legalization of dispensaries for medical marijuana and other nutraceuticals.

W Technologies, through its mobile social media subsidiary, SoMo Technologies, Inc., has already implemented many "social mobile" campaigns designed to create customer loyalty by developing mobile rewards programs where perks can be redeemed on users' smartphones. These same 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.

Gary Koelsch, President of W Technologies, stated, "This Joint Venture will open strategic opportunities for the application of the proven social media marketing resources of W Technologies. We see this as a unique opportunity to expand both market place and business opportunities for W Technologies."

About W Technologies, Inc.

W Technologies, Inc. (, 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 Information

  • Contact:

    W Technologies, Inc.
    Investor Relations - 800-850-9601