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
AI
