W Technologies Enters Into Joint Venture With 420 Innovations, LLC
19 February 2014 - 4:57PM
Marketwired
W Technologies Enters Into Joint Venture With 420 Innovations, LLC
HUNTINGTON BEACH, CA--(Marketwired - Feb 19, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today that it has entered into a Joint Venture Agreement
with 420 Innovations LLC, which is in the business of designing,
developing, manufacturing and marketing hi-tech delivery
devices and accessories to the rapidly growing market of medical
dispensary businesses for marijuana and a variety of nutraceutical
products. The 420 Innovations products are designed to set new
standards in quality and excellence in supporting their customers'
requirements. The need for such paraphernalia products is expected
to grow along with the current rapid expansion of the legalization
of dispensaries for medical marijuana and other nutraceuticals.
W Technologies, through its
mobile social media subsidiary, SoMo Technologies, Inc., has
already implemented many "social mobile" campaigns designed to
create customer loyalty by developing mobile rewards programs where
perks can be redeemed on users' smartphones. These same social
media concepts will be applied to the products that 420 Innovations
produces and sells, both on a wholesale basis to retailers and
direct to consumers through the Internet.
Gary Koelsch, President of W Technologies, stated, "This Joint
Venture will open strategic opportunities for the application of
the proven social media marketing resources of W
Technologies. We see this as a unique opportunity to expand
both market place and business opportunities for W
Technologies."
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.
Contact: W Technologies, Inc. Investor Relations -
800-850-9601