SOURCE: W Technologies, Inc.

W Technologies, Inc.

February 26, 2014 08:30 ET

W Technologies, Inc. Establishes New Subsidiary, WT Real Estate Development Corp.

HUNTINGTON BEACH, CA--(Marketwired - Feb 26, 2014) - W Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz) announced today that as part of the Company's growth and business plan it has established a new subsidiary, WT Real Estate Development Corp., with offices in New York and Las Vegas. WT Real Estate Development Corp. has already identified several investment opportunities and is in the process of negotiating deal terms.

Gary Koelsch, President of W Technologies, Inc. stated, "The new President of WT Real Estate Development, Corp. is Ilwon Kang. A 1983 graduate of Columbia University and a veteran of New York City real estate development since 1987, Mr. Kang has extensive development experience, including working for the New York City Department of Housing Preservation and Development, where he was involved in the development of several thousand units of housing. Mr. Kang also led the planning and implementation of the New York City Housing Authority's Construction Management Program, where he managed more than $500 million in modernization work for NYCHA, owner of more than 180,000 apartments. In the private sector, Mr. Kang has worked for several real estate owners and investors developing and managing more than 5,000 residential units representing more than $3 Billion worth of assets in New York City. In 2008, he founded Gemini International LLC to focus on select luxury mixed- use hotel/residential projects in Manhattan."

Mr. Koelsch went on to say, "We are fortunate to have Mr. Kang on our team and we look forward to getting our first project off the ground. In addition to considering an investment in a hotel development project in San Antonio, Texas, we are also negotiating the purchase of a site for a mixed-use condominium project in lower Manhattan. These projects will require financing by the Company and terms and conditions are not available at this time."

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, 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.

Contact Information

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