MIAMI, Dec. 05, 2017 (GLOBE NEWSWIRE) -- World Media & Technology Corp. (OTC:WCOR) (the “Company”), a leading developer of wearable devices embedded with Life Sensing Technology and dedicated to improving wellness worldwide, announced approval from the Financial Industry Regulatory Authority (“FINRA”) of the Company's corporate action request changing its name to World Technology Corp. FINRA also approved a change of its ticker symbol to "WCOR" with an effective date at the open of the market on December 4, 2017.
“This name change is intended to re-position ourselves as a leader in Life Sensing Technology, which is embedded in Helo devices that are being worn around the world, enabling us to collect important data and thereby bringing health and wellness benefits to wearers globally,” said the Company's CEO, Sean McVeigh.
McVeigh continued, “The timing of our name change is ideal as we prepare for CES® 2018 in January where we will present our Life Sensing Technology currently in development, including our continuous, non-invasive blood sugar trend monitoring, transdermal alcohol sensing and pulse oximetry. Our technology enables us to continuously capture actionable data worldwide, which will provide unique and far reaching insights into ability to exercise, effects of alcohol consumption as well as cardiac, respiratory and other conditions. We are particularly excited about these health and wellness programs as the statistical information we'll be able to gather emphasizes the value of our technology.
“At CES, we also plan to highlight some of the most impressive third party apps which will be available for immediate use on our existing Helo LX model, as well as our Helo LX+ (which will have more sensors) and LX Pro models which will be unveiled at the show. Going forward, all of our LX models will have clinical grade components and the extended LX range will enable us to deliver a device suitable for each market segment, with our Helo LX and LX+ providing wearer wellness data for 2018 and the LX Pro specifically designed for the healthcare use.
“Finally, with our new corporate strategy and focus on proprietary technology with a product that has the ability to improve the well-being and lifestyle of our wearers worldwide, we expect to launch our new company website at www.worldcorp.com shortly, which will allow our visitors to have an informative experience and better understand the significant benefits of World Technology’s technology and broad product portfolio,” concluded McVeigh.
About World Technology Corp.
We are a technology, design and data company. Our Life Sensing Technology is embedded into innovative, connected, wearable devices that we design and we are a Big Data global provider that has developed software capable of aggregating our wearer data into actionable data. Our database contains extensive multi-ethnic, biometric and vital signs data, which not only informs our in-house development, but is also available on an anonymized basis to corporate partners and third-party app developers. We continuously gather data from our wearers in an effort to build a leading database which may enable our partners to determine new insights and identify new trends generated from our wearer data. For further information, see www.worldmediatech.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 "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" 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. 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.
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