WTCT NEWSSS (WatchIt Technologies Addresses Fuel Reformer Questions )
WatchIt Technologies Addresses Fuel Reformer Questions
Sep 29, 2011 08:31:00 (ET)
ARDEN, N.C., Sep 29, 2011 (BUSINESS WIRE) -- WatchIt Technologies Inc. www.watchittech.com (WTCT, Trade ) WatchIt Technologies' states the Fuel Reformer is developing as planned. Concerns that the Fuel Reformer is not working or somehow not fulfilling our goals are unfounded and not true. Testing of the Fuel Reformer consistently shows overall improved fuel mileage in excess of 25%.
The Fuel Reformer has recently been reviewed and evaluated by a manufacturer of military vehicles and is currently being reviewed by additional major automotive suppliers. Due to confidentially agreements, which are standard business practices, the company cannot provide details. Once a contract is signed the company will file a Form 8-K with the SEC providing as much detail as legally permissible.
WatchIt's mission is to incubate Green Technology ventures. WatchIt constantly evaluates Green Technology products. The Fuel Reformer is only one technology under development. WatchIt's Board of Directors believes developing and incubating multiple technologies achieves stronger shareholder value. As one technology has major developmental milestones, WatchIt informs its shareholders through a press release. This should be viewed as the overall growth of the company and not that another technology has diminished in any manner. WatchIt invites all to view the White Paper contained on the company's Web site for accurate and complete information regarding the testing and performance of the Fuel Reformer. The White Paper contains results from an independent EPA recognized laboratory demonstrating the performance of the Fuel Reformer.
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 harbor 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.
SOURCE: WatchIt Technologies Inc.
WatchIt Technologies Inc.
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