W Technologies, Inc. Joint Venture Partner, 1World Direct Ltd., Announces International eWallet and Debit Card Program
March 05 2014 - 9:45AM
Marketwired
W Technologies, Inc. Joint Venture Partner, 1World Direct Ltd.,
Announces International eWallet and Debit Card Program
HUNTINGTON BEACH, CA--(Marketwired - Mar 5, 2014) - W
Technologies, Inc. (PINKSHEETS: WTCG) (www.wtechnologies.biz)
announced today that newly-signed Joint Venture Partner, 1World
Direct Ltd. Hong Kong, has signed a marketing agreement with Total
Access Payments, a Hong Kong corporation.
1World Direct Ltd. has moved forward to provide its customers
with a fully-developed and operational eWallet and pre-paid debit
card program, both co-branded and private labeled. This agreement
with TAP enables 1World Direct Ltd. to be an international
solution as a global card services and transaction facilitator for
Network Marketing Companies, providing a two-way, pay-in and
pay-out international solution which costs the merchant very little
and lowers overall banking costs for distributors. In greater
Asia, this simplifies payroll for governments, merchants, temporary
or permanent staffing companies and non-profits with geographically
diverse outreach. It gives the "Unbanked" population 100%
approval for applicants for virtual account and optional debit card
as long as they have valid government-issued photo
identification. These cards enable shopping or online
bill-payments and eliminate money order fees, the cost of postage,
Western Union fees, and check cashing fees.
W. Technology is dedicated to open up global opportunities and
welcomes this new development with our newly-signed JV partner,
1World Direct Ltd. Creating border-less streams of business
and rewards to our shareholders is our corporate mission as a
global marketing company.
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.
Contact: W Technologies, Inc. Investor Relations
800-850-9601