SOURCE: W Technologies, Inc.
HUNTINGTON BEACH, CA--(Marketwired - Apr 15, 2014) - W Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz) announced today that it has entered into a Letter of Intent to acquire an interest in Total Growing Solutions, Inc., a Nevada corporation ("TGS, Inc."). The Letter of Intent provides that, following the negotiation of a definitive agreement and closing of the transaction, W Technologies will acquire Twenty percent of the issued and outstanding shares of capital stock of TGS, Inc. in exchange for W Technologies common stock valued at $500,000.
TGS, Inc. offers a modular hydroponic growing system in conjunction with an extensive array of consulting services designed to help new customers navigate the complexities associated with the legal marijuana market place. TGS, Inc. intends to market its "Total Growing Solutions" as a solution for cultivation of locally grown products. TGS Inc.'s specialized safe and secure "Pot Pods" will be the first product marketed by TGS, Inc. and will target the ever-expanding legal marijuana markets.
TGS, Inc. also offers a robust compliment of consulting services to individuals and new business desiring to enter the legal marijuana marketplace. Attorney, Daniel S. Miller, founder of Total Growing Solutions, Inc., oversees the consulting services offered by TGS, Inc. which offers comprehensive assistance to its clients from crafting an initial business plan to opening a clinic, cooperative, cultivation facility or other lawfully permitted legal marijuana business pursuant to state and local regulations. These services may include licensing, permitting, governmental hearings, public relations and marketing, site selection, negotiation with landlords and design and build out of the facility.
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.
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.