Loading, Please Wait...
MIAMI, Aug. 06, 2018 (GLOBE NEWSWIRE) -- World Technology Corp. (OTC: WCOR) (“World Technology” or the “Company”), a technology company that leverages its Life Sensing Technology to promote wellness worldwide using its Helo branded wearable devices, today announced that it has filed a registration statement on Form S-1 (“S-1”) with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed public offering of shares of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. World Technology has applied to list its common stock on the NASDAQ Capital Market in connection with the proposed offering. Dawson James Securities, Inc. will act as the sole book-running manager for the proposed offering.
These securities may not be sold, nor may offers to buy be accepted, prior to the time the S-1 becomes effective. The proposed public offering will be made only by means of a prospectus. The S-1 has not yet become effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About World Technology Corp.
We are a technology, wearable device and data company with an open platform enabling the conversion of wearer data into actionable wearer information. We embed our Life Sensing Technology into our innovative, connected, wearable devices. Our Life Sensing Technology uses state-of-the-art sensors, enhanced signal processing and algorithms to collect and process specific data from our device wearers. Our database contains extensive multi-ethnic, biometric and vital sign data, that not only informs our in-house development but also has the potential to develop into a diverse and rich resource for wellness and health-related data mining, and third party software application development. We continuously gather data from our wearers in an effort to build an anonymized database that may enable our partners to determine new insights, identify new trends generated from our wearer data and offer our wearers information-based solutions based on our platform. For further information, see www.worldcorp.com
Forward Looking Statement
This news 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 as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," “potential” and similar statements. All statements other than statements of historical fact in this press release are forward-looking statements and involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These forward-looking statements are based on management's current expectations, assumptions, estimates and projections about the Company and the industry in which the Company operates, but involve a number of unknown risks and uncertainties. Further information regarding these and other risks is included in the Company's filings with the OTC Markets and the Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and actual results may differ materially from the anticipated results. You are urged to consider these factors carefully in evaluating the forward-looking statements contained herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by these cautionary statements.
At the Company:
Sean McVeigh, CEO
Tony Tian, CFA
Weitian Group LLC
Phone: (732) 910-9692