SOURCE: W Technologies, Inc.
HUNTINGTON BEACH, CA--(Marketwired - Dec 9, 2013) - W Technologies, Inc. (PINKSHEETS: WTCG) announced today that it is reorganizing the Company into three distinct lines of business as it expands its operations into new business sectors.
One of the Company's divisions will focus on Social and Digital Media Advertising and consists of its existing subsidiaries, AdMedia Group, Inc. and Somo Technologies, Inc., as well its GottaGoText, G2GText and G2GGolf social media advertising operations.
One of the new divisions to be established involves both environmentally-safe oil and gas recovery technologies and clean water technologies.
The other new division will focus on financial services involving residential and commercial real estate.
The Company expects to begin the roll-out of the two new divisions through acquisitions and/or joint ventures marketing arrangements which it anticipates to announce in the coming weeks.
About W Technologies, Inc.
W Technologies, Inc., whose stock is publicly traded under the symbol 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, 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.