Wednesday, September 17, 2014 11:02:07 AM
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."
maybe PFMS gets gobbled up. heck ren min liu is in shenzhen city which is only a stones throw from hong kong about 31km or 19miles. so why NOT
Avant Technologies Engages Wired4Tech to Evaluate the Performance of Next Generation AI Server Technology • AVAI • May 23, 2024 8:00 AM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM