WatchIt Technologies Board of Directors Approves Measures to Retire Outstanding Common Stock

ARDEN, NC--(Marketwire - November 22, 2010) - WatchIt Technologies Inc. (PINKSHEETS: WTCT) -- The Board of Directors of WatchIt Technologies is pleased to announce that it has reduced the issued and outstanding shares of their common stock by 550 million shares. The result of the action reduces the company's common shares from 1,140,093.993 to 590,093,000. This amounts to a greater than 48% decrease in the total number of shares issued and outstanding. Of the 590,093,000 shares that are now in the issued and outstanding category, approximately 350,000,000 are restricted leaving approximately 250,000,000 shares in the public float.

The company reports that the action was taken to increase shareholder value and begin to move the company's price per share to more accurately reflect the current and future value. According to the company, an examination of the capital structure revealed a rare opportunity to do a reduction in common shares. The overall goal of the company is to increase shareholder value and this action is just one of the steps they are taking to accomplish that task.

In an unrelated matter, the company has also announced that it can be followed on Twitter. (http://twitter.com/watchittech) The company invites its shareholders, both current and potential to sign up for WatchIt Technologies Twitter account and learn about current happenings and pertinent information on the company and other "Green Technologies."

WatchIt Technologies is actively seeking companies that have the attributes of being highly innovative and "first in" within their respective sector. Most companies partnering with WatchIt Technologies will have already completed their initial R&D and will need management consultation and financial assistance to move to the next level of success and profitability. 

About WatchIt Technologies Inc.:

WatchIt Technologies is an alternative "incubator" for developing and emerging "Green Technology" corporations. Its focus is on strategies that are structured to mitigate risk and produce returns in all market environments. Its current investment/development strategy is focused on direct investments in small/micro-cap public companies that have emerging growth and development and are exclusively involved in some aspect of "Green Technology."

It will offer management consultation to companies that meet its strict criteria and vetting process, and align those companies with individuals and financiers to help them achieve their financial goals and objectives.

Safe Harbor Act: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

Contact Information:

Contact:
Investor Relations
1-828-483-4131

Website: http://www.watchittech.com
Follow us on Twitter: http://twitter.com/watchittech