|By Marketwired .||
|August 12, 2013 08:30 AM EDT||
LAS VEGAS, NV -- (Marketwired) -- 08/12/13 -- W Technologies, Inc. (PINKSHEETS: WTCG), announced today that it has completed a transaction whereby it acquired all of the issued and outstanding stock of AdMedia Group, Inc., with which it previously had a Joint Venture Agreement with. The Orange County, CA - based AdMedia Group, Inc. will operate as a wholly owned subsidiary of the Company.
AdMedia Group, Inc. is engaged in the digital advertising distribution market. It has implemented a unique advertising delivery system, through the placement of its systems in locations with high-traffic viewership, tested response recognition rates and interaction with multiple advertisers.
About W Technologies, Inc.
W Technologies, Inc. and its subsidiaries, SoMo Technologies, Inc. and AdMedia Group, Inc., offer their clients a comprehensive development strategy of integrated technology-based, cross-sectional marketing to potentially increase their exposure and revenue. Headed by a professional management team with worldwide experience, the Company provides unique effective and economic turnkey solutions for client media and marketing solutions to drive revenue to our business clients' bottom line profit.
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.