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NEWS: W Technologies, Inc. Agrees to Sell Joint Venture With 1World Direct Hong Kong to Health Med Services, Ltd.

http://www.otcmarkets.com/news/otc-market-headline?id=16452450

HUNTINGTON BEACH, CA, Sep 17, 2014 (Marketwired via COMTEX) -- W Technologies, Inc. (PINKSHEETS: WTCG) announced today that it has agreed in principle to sell its Joint Venture with 1World Direct Hong Kong to Health Med Services, Ltd., (PINKSHEETS: HEME) for ten million shares of common stock of Health Med Services, Ltd.
Gary Koelsch, President of W Technologies, stated, "1World Direct of Hong Kong has several pending acquisitions, and joint ventures with other companies in the health and medical services business, and is expanding its network worldwide. In the best interest of W Technologies and its shareholders, we have decided to accept the offer from Health Med Services, Ltd. and sell our interest in the Joint Venture to them. The Health Med Services stock which will be issued to W Technologies, will be held by our corporate counsel until such time the transaction is closed and all the required reporting and filings have been completed. W Technologies will then distribute the Heath Med Services stock to its shareholders of record as an in-kind stock dividend. The closing date and shareholder of record date will be announced at a later time."

Bruce Jay Howe, the new President of Health Med Services, said, "We know there is a lot of work to do in order to bring Health Med Services Ltd., back to the status of a full reporting company. However, with the guidance of our attorneys, accountants, and others, we look forward to the challenge, and to move forward with all the required and necessary filings as soon as we can. The 1World Direct JV the company is acquiring has a lot to offer Health Med Services in the way of new business, ideas, and technologies required to meet the growing and challenging needs for the worldwide health and medical services industry."