SOURCE: W Technologies, Inc.

W Technologies, Inc.

March 05, 2014 09:45 ET

W Technologies, Inc. Joint Venture Partner, 1World Direct Ltd., Announces International eWallet and Debit Card Program

HUNTINGTON BEACH, CA--(Marketwired - Mar 5, 2014) - W Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz) announced today that newly-signed Joint Venture Partner, 1World Direct Ltd. Hong Kong, has signed a marketing agreement with Total Access Payments, a Hong Kong corporation.

1World Direct Ltd. has moved forward to provide its customers with a fully-developed and operational eWallet and pre-paid debit card program, both co-branded and private labeled. This agreement with TAP enables 1World Direct Ltd. to be an international solution as a global card services and transaction facilitator for Network Marketing Companies, providing a two-way, pay-in and pay-out international solution which costs the merchant very little and lowers overall banking costs for distributors. In greater Asia, this simplifies payroll for governments, merchants, temporary or permanent staffing companies and non-profits with geographically diverse outreach. It gives the "Unbanked" population 100% approval for applicants for virtual account and optional debit card as long as they have valid government-issued photo identification. These cards enable shopping or online bill-payments and eliminate money order fees, the cost of postage, Western Union fees, and check cashing fees.

W. Technology is dedicated to open up global opportunities and welcomes this new development with our newly-signed JV partner, 1World Direct Ltd. Creating border-less streams of business and rewards to our shareholders is our corporate mission as a global marketing company.

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.

Contact Information

  • Contact:
    W Technologies, Inc.
    Investor Relations
    800-850-9601