MIAMI, Oct. 23, 2015 /PRNewswire/ -- World Media & Technology Corp. (www.worldmediatech.com) (OTCQB: WRMT) today announces that its groundbreaking product, SPACE LUMINA™, was shortlisted for the Best Wi-Fi Enabled Consumer Electronics Device and/or Service award at the recent WiFi Global Congress, held on 14/15th Oct in San Jose, CA. Others shortlisted for awards at the event were AT&T, Boingo, BT, Cisco and Time Warner Cable, Ruckus Wireless, Samsung Electronics & SK Telecom. Further details of the event and the award can be found at http://www.wballiance.com/awards/2015-shortlists/.
Fabio Galdi, World Media and Technology CEO, said, "This nomination is a significant endorsement of the suitability of our proprietary technology, and confirms that our core technology is world class and very appropriate for today's consumers."
Mr. Galdi continued, "Following completion of the spinout of WRMT from Power Clouds Inc, and the delivery of the dividend shares this week, we are seeing some volatility of our share price which is to be expected given the very low public float and the introduction of new shares to the market. We expect that over time, the trading activity should stabilize as the float is regularized and as the markets better understand the underlying strength of our business and our revenue generating operations."
About World Media & Technology Corp.
World Media & Technology Corp. designs, manufactures and sells wearable technology products and services underpinned by the provision of voice and data services using new, market-beating proprietary mCell5GHz technology and network communication services, delivered under the "SPACE" brand. For further information, see www.worldmediatech.com.
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group and with the SEC. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
SOURCE World Media & Technology Corp.