Deal for Exclusive China Technology Rights Includes Pre-IPO Equity Option
SHENZHEN, CHINA–(Marketwired – Feb 4, 2015) – Resort Savers, Inc. (OTCQB: RSSV) announced that it has closed a $700,000 investment in Worx America, Inc. The deal gives RSSV exclusive China rights for Worx America’s proprietary environmental engineering technologies and a 20% pre-IPO equity option. In addition, the late stage investment will support the commercial development of new Worx patented technologies, which RSSV will have exclusive China rights to.
China’s rapidly expanding mainland oil refining industries are under government mandated environmental pressures. This is forcing oil refineries to modernize, clean up and extract more output or face closure. Worx America’s has developed a line of environmental energy technologies to meet these Chinese government mandates.
The Worx automated robotic systems quickly clean and recover clean oil from container waste sludge, resulting in increased sales and decreased tank cleaning time. The Worx multiple line of products and services give RSSV the capacity to offer proprietary solutions for onshore, offshore and subsea oil production, refining, cleaning and reclamation.
About RSSV
Resort Savers, Inc., RSSV, acquires innovative and market-ready petroleum industry technologies for installation and distribution throughout the Greater China market. Website: http://www.resortsaversinc.com
About Worx America, Inc.
Worx America designs automated solutions for industrial, environmental and energy industries to improve efficiency and systems output.
Website: http://www.worxamerica.com
Forward-Looking Statements
The securities described herein have not been registered under the Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or an applicable exemption from such registration requirements.
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts, including, without limitation, statements that relate to the Company’s expectations with regard to the future impact on the Company’s results from new products in development, may be deemed to be forward-looking statements. Words such as “expects”, “intends”, “plans”, “may”, “could”, “should”, “anticipates”, “likely”, “believes” and words of similar import also identify forward-looking statements. These statements are subject to risks and uncertainties. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release. Except as may be required under applicable law, we assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release. Additional information on risks and other factors that may affect the business and financial results of RSSV can be found in the filings of with the U.S. Securities and Exchange Commission.
Contact:
Rex Cheung
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QualityStocks
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editor@QualityStocks.net
