HUNTINGTON BEACH, CA--(Marketwired - Feb 11, 2014) - W Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz) announced today that its newly-signed Joint Venture Partner, 1World Direct Ltd. of Hong Kong, has signed an Asset Purchase Agreement with 1World Direct US, Inc., a Nevada corporation.
1World Direct US, Inc. is positioned within the United States and Mexico financial services markets providing financial solutions in the form of payroll and remittance programs which are organic within the Hispanic community. The company has a unique marketing strategy dedicated to bring affordable products and programs to the millions of Hispanics who rely on such services.
Gary W. Koelsch, President of W Technologies, Inc., stated, "We continue to move forward with our subsidiary operations and with our Joint Venture Partners in opening up new opportunities and valuable streams of revenue, dedicated to bring value to our shareholders."
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, 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.