WatchIt Technologies (WTCT) is an alternative incubator for developing and emerging Green Technology companies and technologies. The Company's flagship product is the revolutionary "Fuel Reformer" technology. Its focus is on strategies that are structured to mitigate risk and produce returns in all market environments. Its current investment/development strategy is focused on direct investments in small/micro-cap public companies that have emerging growth and development and are exclusively involved in some aspect of Green Technology.
WTCT CEO Bennett: "This is the first time in many quarters WatchIt has had positive income. We continually use technology to keep our costs down and to not incur fixed expenses that burden the company."
Quarter ending 3/31/2011
All Income 259,352 Dollars All Expenses 40,144 Dollars Net Income 219,208 Dollars
Since the end of the most recent fiscal year in September 2010, WatchIt has reduced the outstanding common shares from approximately 1.1 billion to approximately 674 million at the end of the most recent quarter.
6) WTCT's revolutionary device "fuel performer"[/color]is a patent-pending technology.
The device, with its patent-pending technology, 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 and engine wear. Recent testing in December of 2010 showed a whopping 40 percent increase in highway fuel mileage while reducing some of the deadly tailpipe emissions by 60 percent. While WatchIt Technologies has only tested the technology on gasoline (combustion) engines, the Company contests that it is also applicable with diesel-powered (compression) engines as well, and can be expanded for uses such as oil furnaces, making the device suitable for a wide array of applications.
THE DEVICE IS TESTING A DETROIT-BASED POWER TRAIN TEST LABORATORY.
WatchIt is nearing production of the proprietary device as the next round of testing has been scheduled to take place in Motor City, USA. A Detroit-based power train test laboratory will be performing a wide array of testing, analysis and data collection on three separate fuel reformers using the same engine. The basic plan is to establish baseline performance on a specific profile without the fuel reformer installed and then repeat the same profile with each of the three fuel reformers and compare the data.
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