|By Marketwired .||
|May 27, 2014 08:00 AM EDT||
HUNTINGTON BEACH, CA -- (Marketwired) -- 05/27/14 -- W Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz) announced today the Company's Board of Directors has voted to proceed with the filing of a Form 10 Registration Statement with the United States Securities and Exchange Commission. Based upon that vote, the Company has engaged a certified public accounting firm to conduct an audit of the Company's past two fiscal years as well as securities counsel to assist in the preparation of the Form 10 Registration Statement. The Registration Statement, when approved by the SEC, will reinstate the Company as a fully-reporting Company and eligible to be quoted on the OTCQB.
Gary Koelsch, President of W Technologies, Inc. stated, "We believe that these steps that the Company is undertaking will provide the Company greater access to sources of investment capital, which will enable us to expand our operations and revenue capabilities. Furthermore, it will provide greater exposure for the trading of our common stock and result in increased value of our common stock for our shareholders. We will continue to provide updates on the status of our Registration Statement."
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 and payment solutions, new environmentally-safe oil and gas recovery technologies, new clean water technologies, financial services involving residential and commercial real estate and other emerging markets. 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.
W Technologies, Inc.
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