Power Clouds Inc. (OTCPK:PWCL) agreed to spin off 47.83% stake in World Media & Technology Corp. on May 13, 2015. Shareholders of PWCL will receive one share of World Media common stock for every six PWCL shares. Power Clouds' Board of Directors approved the deal. Synergen Law Group, APC acted as legal advisor to World Media & Technology.

Power Clouds Inc. (OTCPK:PWCL) completed the spin off of 47.83% stake in World Media & Technology Corp. for $6.9 million on October 2, 2015.