HUNTINGTON BEACH, CA — (Marketwired) — 12/16/13 — W Technologies, Inc. (PINKSHEETS: WTCG) announced today that it has entered into Joint Venture Agreement with Pure Oil Recovery, Inc., a Huntington Beach, CA – based company () which provides oil clean-up, removal and recovery services to the oil and gas industry.
Ronald Costa, President of W Technologies stated, “Pure Oil Recovery, Inc. offers the petroleum industry a cost effective means to clean-up, remove, recover and separate the worst of oil sludge problems associated with oil storage tanks, pits, sumps, vessels and barges, as well as oil spill clean-ups. Their unique chemicals are completely non-toxic, non-flammable and environmentally-safe. When their proprietary chemistry is combined with state-of-the-art, robotic equipment custom-built by its manufacturing affiliate, Pure Oil Recovery offers the petroleum industry with the best solutions to oil clean-up problems.”
Scott Anderson, President of Pure Oil Recovery, Inc., stated, “We are pleased to enter into this Joint Venture Agreement with W Technologies, Inc. Their investment in our company which this agreement brings will permit us to expand our efforts to offer our products and services on an international basis. With our existing relationships with the leading companies in both the oil and gas production and refining industries and the oil service industry, we expect to rapidly expand our business.”
W Technologies business operations, website properties and wholly owned subsidiaries include:
W Technologies, Inc. .
SoMoTechnologies
W Tech Mobile
Gotta Go Text
G2GText
G2G Golf
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W Technologies, Inc., whose stock is publicly traded under the symbol 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, 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.
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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