***** RSSV NEWS... CLOSES 2M INVESTMENT *****
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Resort Savers, Inc. Closes $2M Investment
Acquires 20% of Worx America, Inc. and All China Rights
SHENZHEN, CHINA, Feb 05, 2015 (Marketwired via COMTEX) -- Resort Savers, Inc. (OTCQB: RSSV) announced that it has closed a $2M investment for 20% of Worx America, Inc. RSSV is on a fast-track expansion and technology investment program for market share in China's government mandated petroleum industry clean-up campaign to tackle the worsening pollution problem. The deal includes exclusive China rights for Worx America's proprietary environmental engineering technologies.
The Pre-IPO investment is the largest-ever round of investment funding received by Worx America to date, which will use the funds to continue its growth and commercial development of new technologies. RSSV will have exclusive China rights to all new and in-development Worx America proprietary environmental technologies. China's dramatic economic growth has created massive environmental problems. The petroleum refining industry is under pressure to increase refining capacity expansion but at the same time the Chinese Government has mandated these same industries to reduce their environmental impact of face closure or consolidation.
Tackling pollution has been a priority of the new administration under Xi Jinping, especially as pollution has become a major concern among Chinese citizens and is one of the main causes of social unrest. The Worx America investment provides RSSV shareholders with both an investment opportunity in Worx's worldwide operations and the exclusive China marketing opportunity for the much in demand mandated technologies.
In a statement by the State Council, China's cabinet said that under the new mandated plan, the environmental cleanup and protection sector will grow by 15% on average annually, creating an enormous investment opportunities for RSSV, which is seeking to be at the forefront of this industry.
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. 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 lines of products and services give RSSV the capacity to offer proprietary solutions for onshore, offshore and subsea oil production, refining, cleaning and reclamation. Website: http://www.worxamerica.com
Contact: Rex Cheung 852-2531-3511
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.
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SOURCE: Resort Savers, Inc.
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SUBJECT CODE: Government:International
Energy and Utilities:Oil and Gas
This Acquisition is Huge For RSSV!!
