Resort Savers, Inc. Closes $2M Investment
Acquires 20% of Worx America, Inc. and All China Rights
SHENZHEN, CHINA, Feb 05, 2015 (Marketwired via COMTEX) -- Resort Savers, Inc. (OTCQB: RSSV) announced that it has closed a $2M investment for 20% of Worx America, Inc. RSSV is on a fast-track expansion and technology investment program for market share in China's government mandated petroleum industry clean-up campaign to tackle the worsening pollution problem. The deal includes exclusive China rights for Worx America's proprietary environmental engineering technologies.
The Pre-IPO investment is the largest-ever round of investment funding received by Worx America to date, which will use the funds to continue its growth and commercial development of new technologies. RSSV will have exclusive China rights to all new and in-development Worx America proprietary environmental technologies. China's dramatic economic growth has created massive environmental problems. The petroleum refining industry is under pressure to increase refining capacity expansion but at the same time the Chinese Government has mandated these same industries to reduce their environmental impact of face closure or consolidation.
Tackling pollution has been a priority of the new administration under Xi Jinping, especially as pollution has become a major concern among Chinese citizens and is one of the main causes of social unrest. The Worx America investment provides RSSV shareholders with both an investment opportunity in Worx's worldwide operations and the exclusive China marketing opportunity for the much in demand mandated technologies.
In a statement by the State Council, China's cabinet said that under the new mandated plan, the environmental cleanup and protection sector will grow by 15% on average annually, creating an enormous investment opportunities for RSSV, which is seeking to be at the forefront of this industry.
About RSSV Resort Savers, Inc., RSSV, acquires innovative and market-ready petroleum industry technologies for installation and distribution throughout the Greater China market. Website: www.resortsaversinc.com
About Worx America, Inc. The Worx automated robotic systems quickly clean and recover clean oil from container waste sludge, resulting in increased sales and decreased tank cleaning time. The Worx multiple lines of products and services give RSSV the capacity to offer proprietary solutions for onshore, offshore and subsea oil production, refining, cleaning and reclamation. Website: www.worxamerica.com
Contact: Rex Cheung 852-2531-3511
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