United States, California, Beverly Hills - 06/12/2020 (PRESS RELEASE JET)
BEVERLY HILLS, Calif., June 8 2020 – W TECHNOLOGIES (WTCG Pink) DECIDES NOT TO MOVE FORWARD WITH ASSIGNMENT OF AN LOI TO DISTRIBUTE MEDICAL DEVICES AFTER CAREFUL CONSIDERATION AND DUE DILIGENCE
On April 20, 2020, W Technologies Inc. [ “Company”] announced that it had been assigned a Letter of Intent (LOI) for the exclusive and global rights to a proprietary technology designed to remove viruses.
After extensive and very careful due diligence of the German company warranting the technology of the devices, The Company has decided not to proceed with the deal and has terminated the LOI.
The Company is now exploring other opportunities and will update shareholders in a timely fashion.
About W Technologies Inc. (WTCG - Pink)
W Technologies is an investment company that seeks to enhance shareholder value over the long term by opportunistically making various investments in manufacturing and production facilities.
For further information please contact us at firstname.lastname@example.org or 310 691 2470
We seek Safe Harbor. Certain statements in this news release may contain ‘forward-looking’ information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-5 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than the statements of fact, included in this press release may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. W Technology undertakes no obligations to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.
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Contact W Technologies
310 263 8188
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