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Watchit Technologies Announces Preliminary Quarterly Results

Dépèche transmise le 28 mars 2011 par Business Wire

Watchit Technologies Announces Preliminary Quarterly Results

ARDEN N.C.--(BUSINESS WIRE)--WatchIt Technologies Inc. (http://www.watchittech.com) (PINKSHEETS: WTCT) announced today the preliminary results for the second quarter of its fiscal year will show net income in excess of $200,000.00 and year-to-date net income greater than $100,000.

Management is still finalizing the financial results for the quarter and will post its quarterly report on OTC Markets (Pinksheets) as soon as the reports are finalized. The Board of Directors stated it is very pleased with these results. They anticipate the final quarterly results will show the company is continuing to strengthen its financial position as it prepares to bring the revolutionary fuel savings device, “Fuel Reformer” to a production capability.

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About WatchIt Technologies

WatchIt Technologies is an “incubator” for emerging “Green Technology” corporations. Its current investment/development strategy is focused on direct investments in small/micro-cap public companies that have emerging growth and development and are involved in “Green Technology”.

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.