SOURCE: WatchIt Technologies Inc.

January 12, 2011 08:30 ET

WatchIt Technologies Inc. Gains "Current Information" Designation on

ARDEN, NC--(Marketwire - January 12, 2011) - WatchIt Technologies Inc. (PINKSHEETS: WTCT) announced today that it has been elevated by Pink OTC Market's Issuer Services to the Pink Sheets Current Information designation. According to the company, Pink Sheets has finished the review of the "Current Information" disclosure statement and the attorney letter for the period ending September 30, 2010 and WatchIt Technologies will be moved to the Pink Sheets Current Information tier by the open of the market.

"This is an incredible day for WatchIt Technologies. The company has achieved a major milestone in its history and has achieved a level of transparency and accountability to the shareholders," stated Max Bennett, President and CEO of WatchIt Technologies Inc. "We believe that this is the first step of many ahead of us to elevate the company."

In addition, the Company plans to release additional testing results from a recent comprehensive assessment of its revolutionary "Fuel Reformer" technology in the very near term, the results of which management believes are exceedingly positive.

The Company's flagship product is the revolutionary "Fuel Reformer" technology. The company recently completed testing and validation at an EPA Certified Lab. Tests results will be officially released later in the month, but the company reports that the results were beyond their expectations. The revolutionary device is mounted between the gas tank and the fuel rails.

About WatchIt Technologies Inc.:

WatchIt Technologies is an alternative "incubator" for developing and emerging "Green Technology" companies and technologies. The Company's flagship product is the revolutionary "Fuel Reformer" technology. Its focus is on strategies that are structured to mitigate risk and produce returns in all market environments. Its current investment/development strategy is focused on direct investments in small/micro-cap public companies that have emerging growth and development and are exclusively involved in some aspect of "Green Technology."

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.

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