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NEWS
http://custom.fmg.dowjones.com/custom/tdameritrade-com/html-story.asp?guid=%7B99da6e5d-7d60-4a11-92fb-a941c86a5f07%7D
Max Bennett Taking over new company as president...New company coming I think.
ARDEN, N.C., April 27, 2012 /PRNewswire via COMTEX/ -- WatchIt Technologies Inc. "" (WTCT) announced today that the company has completed a finance and development transaction for the Fuel Reformer Technology.
According to the company, negotiations with the new entity have taken place over the last 90 days. The finance and development package has been executed as of this week. Further specific details about the transaction will be seen when the company files its form 8K.
The Board of directors of Watchit Technologies summarized the deal as one that will insure the completion of the development of the Fuel Reformer technology, while minimizing risk to the company. One of the most important points in this transaction is that it will insure steady revenue for WTCT.
"Given that the exceptional opportunity presented by this technology to market place, the Watchit Board decided that it would best serve it's shareholders by finding a suitable partner that would efficiently accomplish the long term goals," stated Brian Riley, newly appointed President and CEO of WTCT. "The Board negotiated Dr. Max Bennett, who headed the fuel reformer development team, to be appointed as the President and CEO of the new company. This move offers an additional level of continuity to the fuel reformer development and the WTCT shareholders."
NEWS COMING OUT LATE TODAY
Pita ...you are using the quarterly from March 31,2011.You need to use the latest quarterly from June 30,2011. It will show Series D preferred.
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=58113
Stowe..I think you need to reread the letter or you are badly misinformed. The paragraph you cite concerns the Chicago manufacturing company which was suppose to be involved with the joint venture. This has nothing to do with the Dbar financing. They are two distinct and different entities. The financing deal with Dbar is still pending.
A long time follower and early supporter of developing the Fuel Reformer, Dbar Leasing contacted the company in June of 2011. They had actually been involved with the early development of the fuel reformer and now, recognizing the potential of the fuel reformer, wanted to become reengaged.
This transaction had a closing date of November 30, 2011.
However, the negotiations have become far more comprehensive and
complex and are still ongoing. As of this writing, the latest version of the agreement is in their hands awaiting final disposition. The agreement as written takes into account not only the funding for development and production but also utilizing complicated historic tax circumstances held by WatchIt and usable by Dbar. .
LETTER TO SHAREHOLDERS
http://watchittech.com/Shareholders_ltr_2012.pdf
I think this is a case that MOBL actually won...LOL...10-28-11
http://mdcourts.gov/opinions/cosa/2011/1309s10.pdf
I hope Lily Marketing is Catholic and goes to confession regularly, because thats the only way the WTCT convertible debt is going to be forgiven...LOL
At this moment, there are only two items that are important to WTCT.
1. Getting positive lab results from the Detroit Lab...and
2. A financing plan that will take out the convertible debt. Contrary to the company rhetoric of making funding for the production of the fuel reformer as the primary focus, it is far more important to take out the convertible debt. Any financing plan that does not address the existing convertible debt is useless and doomed to failure....JMO
I guess you guys didn't read the PR..
WTCT is actively continuing its plan to complete the testing and evaluation of the gas and diesel versions of the fuel reformer at a Detroit area power train lab. The company's upgrade of the current design, negotiating the terms of the capital infusion and the recent rise in interest by a military subcontractor for a specialized version of the diesel fuel reformer, has delayed the final testing plan.
http://finance.yahoo.com/news/WatchIt-Technologies-Signs-iw-3999238390.html?x=0
I wonder if they ever got a Discovery schedule. Someone should tell the judge they need this to go forward...LOL I predict a trial sometime this century.Not sure the judge or any of us will still be alive...LOL
WatchIt Technologies Produces Podcast With Its New Major Investor
ARDEN, NC--(Marketwire -10/20/11)- WatchIt Technologies Inc. (WTCT) (Pinksheets: WTCT.PK - News) announced today that the company has posted a recently produced Podcast on its website featuring Danny Hyde, President of Dbar Leasing. Dbar Leasing and WTCT have recently signed a preliminary capital commitment agreement to hopefully solidify the future growth of the company. We invite all to listen to Mr. Hyde's comments about the company on the Podcast, which can be found on our website www.watchittech.com or by clicking on http://www.watchittech.com/media/WTCT_pod_101911.m4a.
In the Podcast, Danny Hyde comments on his personal first-hand experience with the "Fuel Reformer." He speaks about the potential markets and applications for the product for the future. He also comments on how he sees the possible integration of the "Fuel Reformer" into his existing business and how WTCT is developing new markets for the product moving forward.
"We were very pleased Danny took the time out of his busy day for this Podcast," stated a spokesperson for the Board of Directors. "We believe all investors can see the benefits and potential applications of the 'Fuel Reformer' after hearing what motivated Dbar Leasing initially to commit to a long term funding arrangement with WTCT."
About WatchIt Technologies Inc.:
WatchIt Technologies is an "incubator" for emerging "Green Technology" corporations. Its focus is on strategies that are structured to mitigate risk and produce returns to investors. The company's new, innovative "Fuel Reformer" is a device, with patent-pending technology that alters the molecular structure of petroleum-based fuels immediately before injection into an engine. Once altered, the fuel burns far more efficiently, increasing gas mileage while reducing engine wear and reducing emissions. A separate division of the company, Digital Fusion Television, combines the best cutting-edge technologies to provide businesses with on-demand advertising solutions for retail environments.
Safe Harbor Act: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Oct. 20 2011 WTCT podcast
Takes a few seconds to load
http://www.watchittech.com/podcasts.html
From Twitter
watchittechWatchit Technologies
Podcast with the major investor is done! I'll let you know when it's live to listen to! #wtct
http://twitter.com/#!/watchittech
Information Page for WTCT
http://investorshub.advfn.com/boards/board.aspx?board_id=5578
SO BE IT...It may turn out just as you say...then again it might not....GLTA
PITA.....Been here almost a year. Made money on both earlier runups. Got my investment back and a nice profit plus a ton of free shares. You and I have gone at it many times. You know I have always said, I was a skeptic. I've been playing this as a pinkie...meaning I've traded it. I am hoping the company under Max Bennet would have a viable product. I hope he tries to make this into a real company. I can afford to take the risk because I have a ton of free shares and a nice profit already in the bank. I have always said It could all fall apart. I have also said they have a shot....You said they have plenty of funding....Come on... you and I both know that to become a real company they have to get rid of the convertible debt. Thats the only way they can become a real company. On that point you are dead on...if they don't do something soon with the convertible debt then I will continue to play it as a pinkie or take my profit and leave....It is what it is...JMO
Pita...It would be nice to have 511 but getting approval from a lab that the Detroit automakers accept and trust (and we won't know that till we hear the results from the Lab)would be much more important as to the validity of their mileage increase claim. If it succeeds, they then have a viable product. Viable product may mean more and better financial assistance. 511 costs money. If they can get good Lab results and better financing and they want 511...great. Right now they need to establish that they have a viable product by someone who the auto industry accepts..That would be my logic why 511 at this time is not necessary or cost effective.....jmo...take it for what its worth
I'll vote for the green loan. As for the 8k, anything the company feels is material can go in an 8k. If we can't find the labs name in the 8K, I'll make you the same offer I made slojab...I'll get it to you as soon as its released in a pr, 8k or otherwise.....LOL Now that should make you fell better too..lol Just don't get me started on the EPA 511 baloney again..LOL
If its not in the 8K, I'll find out the name of the Lab for you. I promise..LOL.. I'm sure the company will announce the results and keep the Lab blanketed in anonymity...LOL..Not that any of this matters to you..Just talking points for you..LOL
I like the word at the beginning of your sentence....IF...so we are back to my original statement...Wait for the 8K
Never said my opinion was correct.You said that. I stated the lab would make the determination. I guess people can see how you twist things. Its quite evident.
When the results are posted in the 8k I guess we will find out. If the nameless lab is accepted by the auto industry,How does the anonymity of the Lab change anything. The answer is...It doesn't
Well, thats your opinion. You have a right to it. But it doesn't change anything. The lab was picked because its results are accepted by the auto industry. If they accept their standards and results why do they need EPA 511? The answer is...They don't. You are the one that wants EPA 511. You are trying to make your opinion seem like a necessity AND IT DEFINITELY IS NOT. So lets focus on the auto industry accepted Detroit Lab Results. They will say yea or nay...NOT YOU.
Twitter Quote
A great PR coming out next week on financing for the Fuel Reformer. #WTCT
6 Oct
If they had a great PR, it would have been out on October 6. This is WTCT speak; They have their own language. I've said it before. Companies do not withhold good news. Sounds like more FLUFF is coming....JMO
watchittechWatchit Technologies
A great PR coming out next week on financing for the Fuel Reformer. #WTCT
4 minutes ago
watchittechWatchit Technologies
DFTV has the potential of generating income for the company quickly and without cost to the company. Good for all! #WTCT
33 minutes ago
watchittechWatchit Technologies
…and leaves management free to continue the development of the Fuel Reformer. #WTCT
33 minutes ago
watchittechWatchit Technologies
Having a JV with someone else to develop and deploy DFTV, gives the company an opportunity to create revenue...
33 minutes ago
watchittechWatchit Technologies
The companies flagship product, the Fuel Reformer is progressing as planned! A little slower than expected, but NO wrinkles in development.
34 minutes ago
»
watchittechWatchit Technologies
The mission states we are an incubator for Green Technology companies.#WTCT
35 minutes ago
watchittechWatchit Technologies
Managements decision to revive "DFT" is in the best interest of the company and the shareholders. #WTCT
35 minutes ago
I find it simply AMAZING how quickly this JOINT VENTURE GOT DONE.I guess they must still be drafting the JOINT VENTURE THEY ANNOUNCED ABOUT 5 MONTHS AGO. THEY NEED TO TRADE IN THOSE QUILL PENS THEY ARE USING TO DRAFT THE AGREEMENT. SOUNDS LIKE THEY ARE STALLING BIG TIME....JMO
From WTCT's June 30,2011 disclosure statement
As we have reported several times in news releases, a primary objective of the company is to secure the necessary funding to move the fuel reformer towards completion. The main focus has been and continues to be with two potential partners. The first being Chicago based auto parts manufacturing company with ties to almost every major auto manufacturer in the world. Their partnership, when completed, will provide us with the technical skills to take the “alpha/beta” design to the manufacturing level. What is being proposed with them is a “joint venture” between the two companies. At this point we are waiting on the draft of the JV agreement so our attorneys can review it and make the appropriate recommendations to management. The agreement has taken much longer to draft than we have anticipated, but we are in regular contact with the attorney drafting theagreement, so we are confident that a draft is forthcoming.
What a coincidence!!!! On Monday, September 26, 2011, I posted my " SECRET SAUCE" posting on IHUB.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=67411537
On Thursday, September 29, 2011, 3 days later, WTCT comes out with a PR addressing "CONCERNS OF SHAREHOLDERS" pretty much addressing what I put in the post. Of course, they didnt address an approximate time frame for the lab results . Maybe a coincidence...maybe not. But if you think these companies don"t read the "BOARDS" I'd guess again...JMO
FROM TWITTER
Watchit Technologies
@watchittech
WatchIt Technologies is an alternative “incubator” for developing and emerging “Green Technology corporations.
http://www.watchittech.com
watchittechWatchit Technologies
Multiple pod casts are being produced as well. #WTCT
4 hours ago
watchittechWatchit Technologies
Diesel version of the Fuel reformer in front of Military subcontractors #WTCT
4 hours ago
watchittechWatchit Technologies
Positive news with some detail on financing out soon. Lots to report, but its in the que! #WTCT
4 hours ago
watchittechWatchit Technologies
Management is working simultaneously on both the Gas and Diesel versions of the Fuel reformer #WTCT
4 hours ago
watchittechWatchit Technologies
Fuel reformer is on track #WTCT
4 hours ago
TWITTER POST
Watchit Technologies
watchittechWatchit Technologies
Interesting PR out this AM. Look for more info on this and some really big news in the next few days! #Wtct
1 hour ago
http://twitter.com/#!/watchittech
WatchIt Technologies Incubates a New Venture
BOD Remains Vigilant to bring both Gas and Diesel Fuel Reformers to Market
WatchIt Technologies Inc. On Wednesday September 28, 2011, 9:00 am
ARDEN, N.C.--(BUSINESS WIRE)-- WatchIt Technologies Inc. (www.watchittech.com) (Pink Sheets:WTCT.pk - News) announced today that it is beginning the re-deployment of its subsidiary, Digital Fusion TV. WatchIt acquired Digital Fusion TV as a wholly-owned subsidiary several years ago. Digital Fusion TV provides on-demand point of purchase advertising for a store’s most important customer – the one already in the store.
Currently, our fuel savings device – “The Fuel Reformer” - is in a testing and upgrading process; therefore, WatchIt believes now is the right time to focus on our other commercially viable revenue generating products.
Digital multi-media advertising is a growing medium. The Board of Directors is confident that Digital Fusion TV can become a significant force in this green advertising arena. WatchIt intends on partnering with an experienced multi-media advertising/marketing firm for the re-development of this product.
According to the Board of Directors, “This should not be seen as WatchIt Technologies diverting its attention from its primary responsibility of the development of the fuel reformer. Rather, the BOD sees an opportunity to increase the diversity of the company’s holdings and increase shareholder value. We believe this is fulfilling our mission as an incubator of Green Technology.”
WatchIt Technologies is an “incubator” for emerging “Green Technology” corporations. Its focus is on strategies that are structured to mitigate risk and produce returns to investors.
Safe Harbor Act: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Website: www.watchittech.com
Follow us on Twitter: twitter.com/watchittech
That filing with that statement was from the end of the 2nd Quarter. "The end of the next quarter" following the second quarter would be the third quarter...Unless of course we are using WTCT speak...LOL
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=58113
WTCT has stated that their goal was to have the Detroit Lab results by the end of the 3rd Quarter. Well, that would be this Friday. Don't hold your breath. WTCT is in secrecy mode. They want to give out as little information as possible. When that happens...expect delays. They just can't reveal the secret sauce...LOL..Everything is a big secret.It appears to me, we have another financier but they can't reveal them. WHAT HAPPEN TO DBAR LEASING? WHERES THE JOINT VENTURE AGREEMENT?..ARE THEY STILL DRAFTING THE AGREEMENT WITH QUILL PENS?...LOL..Oh yes..its all in the secret sauce. EXPECT MORE DELAYS ON THE LAB RESULTS. Probadly using the same quill pens on this lab report as they are using on the joint venture drafting..LOL
As we published in our White Paper, found on our website, we completed independent testing through ETC in Aurora Colorado. We have now moved to a more sophisticated level of testing and evaluation. With the assistance of our automotive consultants and our own engineering team, we have identified what we believe to be the definitive tests that will appropriately verify and validate our technology. The goal is to have the lab testing completed by the end of the next quarter. Once completed, the company will announce the results and be in a position to more accurately state its direction and estimate its time
to market.
Max Bennett, the CEO of WTCT, appears to have a military and goverment background and contracting ties.
WatchIt Technologies Inc. Appoints New President
Bennett Has Extensive Military and Government Contracting Background
Press Release Source: WatchIt Technologies Inc. On Wednesday November 3, 2010, 8:31 am EDT
ARDEN, NC--(Marketwire - 11/03/10) - WatchIt Technologies Inc. (Pinksheets:WTCT - News) announced today that the Board of Directors have appointed Max L. Bennett as the new President and CEO of the company. Mr. Bennett is replacing Brian Riley in the corporate leadership position effective immediately. "I am thrilled that WatchIt Technologies has been able to attract an individual with Mr. Bennett's credentials," stated Brian Riley, past President and CEO. "With the new opportunities that have been recently presented, an individual with an extensive military and government contracting background will be an asset and propel the company forward to achieve its goals as it pursues these outstanding opportunities. Mr. Bennett has served in a variety of high ranking security positions within the military and has worked as a Project Planner for the DOD, the DOE, and as Director, U.S. Army Strategic Initiatives Group."
Mr. Bennett has developed, implemented, and managed programs concerned with environmental compliance as well as managed politically sensitive projects with commercial, state, federal, and foreign entities. In that capacity, he has performed duties in 28 countries around the world. In this new position, he will be responsible for day to day operations as well as spearheading military and government contracts.
With the increased attention on Air Pure Systems Development's Fuel Reformer, Mr. Bennett brings an extensive background and experience in ISO 9000 quality standards, ISO 14000 Environmental Management System standards, technical writing, program initiation, and ISO auditing that will be of great benefit in the next stages of the company.
"Having been appointed as the President and CEO of WatchIt Technologies Inc. is a great honor," stated Mr. Bennett. "I know that my business experience and significant government and military contacts will greatly increase the opportunities for WatchIt Technologies, and as a result, Air Pure Systems Development, to succeed in the Global Market Place. I look forward to leading our team of quality professionals to a successful and profitable future."
Mr. Bennett received his Doctoral degree from Redding University/Oxford University, his Master of Science Degree from Vanderbilt University/Oxford University and a Bachelor of Science degree from William Carey University. In addition, he has completed numerous management and advanced training certifications associated with various government Departments.
WatchIt Technologies is actively seeking companies that have the attributes of being highly innovative and "first in" within their respective sector. Most companies partnering with WatchIt Technologies
Please.....Lets all remember that this is a military sub-contractor and NOT A SUBMARINE CONTRACTOR...LOL
Looks like they may be following up on this military option
Source: WatchIt Technologies Inc.
Date: May 25, 2011 09:58 ET
Military Sub-Contractor Has Interest in WatchIt Technology's Diesel Version of the Fuel Savings Device
ARDEN, N.C., May 25, 2011 (GLOBE NEWSWIRE) -- WatchIt Technologies Inc. www.watchittech.com (Pink Sheets:WTCT) stated today that the company has had renewed communications with a large military sub contractor for a specialized version of the Diesel "Fuel Reformer." According to the company, the interest in a modified diesel version of its patent pending fuel savings device coincides with our plans simultaneously test and validate the gas and diesel versions.
According to a company spokesperson, "We in no way intend to reduce or slow our efforts with the gas version of the fuel savings device, but rather we are going to take advantage of a potential opportunity that has been laid at our feet. With the possibility of a potential customer for our fuel savings device right of the gate, the company felt that the additional work load was more than worth the effort."
Having both a gas and diesel version of the fuel savings device opens up a variety of markets that the gas version alone does not affect. The most obvious, besides the military is the over the road trucking industry. With diesel fuel prices topping out at near $4.30 per gallon and higher, the introduction of the fuel savings technology could have a major impact on our defense budget as well as the cost of goods and services.
Follow us on Twitter: twitter.com/watchittech
TWITTER........
watchittechWatchit Technologies
The diesel fuel reformer is perfect for military vehicles. In fact we are already working with a military contractor! #Wtct
10 minutes ago
»watchittechWatchit Technologies
New components are going to be in the diesel version of the fuel reformer! #Wtct
22 minutes ago
watchittechWatchit Technologies
News out this a.m.! #Wtct
1 hour ago
WatchIt Technologies Begins V.2 of Fuel Reformer
Last update: 9/21/2011 8:35:00 AM
ARDEN, N.C., Sep 21, 2011 (BUSINESS WIRE) -- WatchIt Technologies Inc. (WTCT) The Board of Directors of WTCT announced it has begun development of a second generation or V.2 of its patent pending fuel savings device, the fuel reformer. The investment group, who has asked to remain anonymous, requested that the company investigate the possibility of upgrading the components used in the fuel reformer since the electronic technology is several years old. According to the board of directors, "an updated search of all the components has been completed. The new components of the V.2 fuel reformer are being manufactured."
According to the company, the diesel version of the Fuel Reformer can go to market faster than the gas version due to the after market possibilities with the over the road trucking industry. The company also believes that it will be able to produce positive income on a much faster timetable than previously expected.
In a statement released by the company, "The fact that we are choosing to update its technology at this point should be taken only as an opportunity to utilize the newest electronic technological advances that will yielded the greatest increases in performance of the fuel reformer. Nothing in any of the testing thus far has indicated that the current version of the fuel reformer was lacking, but with the opportunity to build, test and evaluate the diesel version it presented a timely opportunity to use newer technology to our advantage."
About WatchIt Technologies Inc.
Originally founded in 1968, WatchIt Technologies was heavily involved in the energy industry. Its current investment and development strategy is to serve as an "incubator" for emerging "Green Technology" businesses with innovative proprietary products or services. We seek companies that have the attributes of being highly innovative and "first-in" within their respective sector, while mitigating risk and producing returns to investors.
Safe Harbor Act: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
The company has gone completely silent. No tweets, no podcasts, no fluff, no nothing. Its quite apparent to me that everything is riding on the results of the Detroit Lab tests....The financing...the Joint venture and all the rest...They said the end of the third quarter. Thats ten days from now....Of course they havent been very good with their time frames previously. Good results and this should move...Bad results...Turn out the lights...JMO...GLTA
You would think that after 13 years the Judge would have enough chutzpa to set a discovery schedule.