Resort Savers today
announced that it has closed a $2M investment for 20% of Worx America, Inc. The
company is now well positioned to capitalize on China’s government mandated
petroleum industry clean-up campaign to tackle the worsening pollution problem.
As terms of the agreement, RSSV retains exclusive China rights for Worx
America’s proprietary environmental engineering technologies, including those
that are in development right now.
According to the press
release, this pre-IPO investment is the largest round of investment funding
received by Worx America to date. The funds will be used to continue its growth
and commercial development of new 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, the President of
China, 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.
For more information,
visit www.resortsaversinc.com and www.worxamerica.com
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