LAS VEGAS, Aug. 3, 2011 /PRNewswire/ -- W Technologies, Inc. (WTCG) (OTC Pink: WTCG) announced today that its subsidiary, SoMo Technologies, Inc., is developing a new mobile marketing product with iVision Mobile's technology. iVision Mobile is a well respected text messaging software development company, whose clients include the Miami Heat, Houston Rockets and The Kabbalah Centre. SoMo Technologies is launching a new product developed with iVision Mobile technology designed to create a new revenue stream from the 500 plus existing customers in the company's recently announced acquisition of the Hot Deals network, www.hotdealsnetwork.com. Mobile marketing via text can be executed at a fraction of the cost of a traditional marketing campaign. SoMo will be announcing the roll out of the resulting new products in the next 60 days as merchant and consumer testing is completed.
"SoMo Technologies expands the use of mobile marketing solutions with innovative products," said Omer Samiri, Founder and CEO of iVision Mobile. "These unique SoMo applications, using text messaging, save thousands of dollars versus traditional advertising. Establishing two way text conversations with customers generates trusted relationships and is great for driving sales."
"These new technologies are changing how merchants communicate with their customers and SoMo is developing new tools to enhance that conversation. Intelligent text marketing brings regular customers back and wins new customers, helping generate higher revenues in a competitive market," said Ron Costa, Vice President of SoMo.
About W Technologies, Inc. and SoMo Technologies, Inc.
W Technologies, Inc. and SoMo Technologies, Inc. are dedicated to the use of the latest technologies in mobile and social media to create conversations between merchants and the buying public that foster a stronger, more trusting, and longer lasting revenue generating relationship with the customer. There are approximately 300 million cell phone users in the USA and SoMo Technologies is focused on providing economic and efficient preference based mobile marketing programs for merchants that make buying goods and services easy and convenient for their customers.
About iVision Mobile
iVision Mobile, http://www.ivisionmobile.com, provides sms marketing and text messaging software solutions for businesses. iVision Mobile empowers brands across industries including healthcare, automotive, sporting, restaurants, advertising agencies and more with mobile marketing campaigns.
Precautionary and Forward-Looking Statements
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," 'expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a WTCG's disclosures or filings with the SEC. You are further cautioned that penny stocks, like WTCG, are inherently volatile and risky, and that no investor should buy this stock unless they can afford the loss of their entire investment.
SOURCE W Technologies, Inc.