SOURCE: WatchIt Technologies Inc.

October 06, 2011 09:15 ET

WatchIt Technologies Completes JV Agreement With The Digital Fusion Group

ARDEN, NC--(Marketwire - Oct 6, 2011) - WatchIt Technologies Inc. ( (PINKSHEETS: WTCT) announced today that it has completed a joint venture agreement with The Digital Fusion Group for the development and redeployment of its subsidiary; Digital Fusion Television. WatchIt acquired Digital Fusion Television several years ago. Digital Fusion Television, a "green advertising company," provides on-demand point of purchase advertising for a store's most important customer -- the one already in the store.

Digital multi-media advertising is a growing medium. The Board of Directors is confident that The Digital Fusion Group can develop and manage the company and make it extremely profitable. Digital Fusion Television will become a significant force in the green advertising arena.

Currently, our fuel savings device -- The Fuel Reformer -- is in a testing and upgrading process, therefore, WatchIt believes now is the right time to focus on our other commercially viable revenue generating products. All aspects of the fuel reformer are on track.

According to the Board of Directors, "This opportunity should create significant income for the company which will assist in supporting all aspects of the organization. As part of our mission, WatchIt Technologies is an incubator for Green Technologies companies of all sizes and types. Our goal is to develop and create revenue for our shareholders."

WatchIt Technologies is an "incubator" for emerging "Green Technology" corporations. Its focus is on strategies that are structured to mitigate risk and produce returns to investors.

Safe Harbor Act: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact Information