|By Marketwired .||
|June 6, 2014 08:00 AM EDT||
HUNTINGTON BEACH, CA -- (Marketwired) -- 06/06/14 -- W Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz) announced today that its Joint Venture Partner, 1World Direct Ltd. Hong Kong, and 1World Direct's JV Partner, Cloud Lead Enterprises, have projected Gross Revenues of US$2M during the 3rd and 4th Quarters of the 2014 Fiscal Year for outbound sales campaigns. These projections are based upon coordinated marketing campaigns which have now been approved with merchants and member groups as well as those which will be created within the coming weeks.
Jesse Alcala, Cloud Lead Enterprises President, stated, "1World Direct Ltd. and their affiliates are providing our company with global strategic marketing partners and avenues for revenues. We continue to build with 1World Direct Ltd. a truly global network of merchants and clientele. The opportunities in the strategic alliances between our company, 1WorldDirect Ltd. and W Technologies, Inc. have created a powerful global marketing partnership."
W Technologies, Inc. will, as a result of its Joint Venture Agreement with 1World Direct Ltd., realize its proportionate share of gross revenues as well as any gross and net profits generated from these marketing campaigns.
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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