WatchIt Technologies Fuel Savings Device in Concert with Administration's Goal of Reducing Dependence on Foreign Oil

ARDEN, NC--March 31, 2011: Watchit Technologies Inc. stated today that the company currently has the fuel savings technology to assist the Obama administration in achieving its goal of the reducing our dependence on foreign oil by 33% over the next decade. Based on the President's address, the company is expediting its efforts to bring its fuel savings device to market. According to the company, they have already scheduled the first of several meetings with potential manufacturing partners to bring the fuel reformer to market.

“We believe that our efforts and market timing are perfect.”

President Obama outlined four prongs to his plan:
Boosting domestic energy production
Using more natural gas in vehicles
Making cars more efficient
Encouraging biofuels

"WTCT's fuel savings technology can dominate the market in two of the four prongs," stated Max Bennett, President and CEO of Watchit Technologies Inc. "Our fuel savings device can certainly make vehicles more efficient and, although not tested, we believe it will also work with Biofuels."

"The executive team and its consultants have been formulating a detailed plan for a rapid market deployment," continued Bennett. "We believe that our efforts and market timing are perfect."

Website: WatchIt

WatchIt Technologies is an incubator for emerging Green Technology corporations. Its focus is on strategies that are structured to mitigate risk and produce returns to investors.