W2 Energy Shareholder Update
April 30 2014 - 10:45AM
Marketwired
W2 Energy Shareholder Update
CAMBRIDGE, ON--(Marketwired - Apr 30, 2014) - W2 Energy, Inc.
(OTC Pink: WTWO) (PINKSHEETS: WTWO) is pleased to report on its
progress.
Biodiesel Plant
As reported in our last press release of April 24th 2014, we
have begun limited batch production of biodiesel in our new
location. The company has also entered into negotiations with
an external consultant to assist in refining the process as well as
expanding and managing the plant operations. Management has
also begun negotiations with US purchasers of biodiesel to supply
the product into the US as well as Canada.
Acquisitions
The company continues to focus on biofuel production and is
entering negotiations with several possible acquisition targets in
this field to expand our capacity and geographical market.
Clean Coal Fuel
We have been perfecting our clean coal technologies with the
emphasis on CWS (coal water slurry) and CWO (coal water oil slurry)
and we now are in the position to file for patent protection on the
product and the process. Once the patent is filed we will
disclose the product and begin sales of the system.
Now that the process is nearing completion management has
approved a budget to purchase as 150 kWh heavy fuel oil boiler,
which will be coupled with our rotary steam engine and generator
package. The system will be used as a demonstration unit to
prove our fuels as a direct replacement of heavy fuel oils and to
generate sales for our clean coal fuel and systems.
Corporate Developments
The company continues to work on its audited financials and
registration statement and expect to be competed and filed in the
later half of May 2014. In the meantime we will continue to
file OTC Markets website in order to remain Pink Current
status.
The company is also continuing to push forward on our rebranding
as mentioned in previous press. The company has been given
permission by the shareholders as disclosed in the company 2013
year end to change the company name and symbol as part of the
rebranding strategy.
We continue to position ourselves as a clean energy company with
biofuels as our principal product and market.
About W2 Energy Inc.
W2 Energy Inc. develops renewable energy technologies and
applies it to new generation power systems. Specifically, W2
Energy's plasma assisted bio-mass to energy plants, utilizing the
state of the art technologies to produce green energy in both fuel
(sulfur free diesel) and electricity at the most efficient cost in
capital investment and production per/barrel, per/Megawatt. W2
Energy Inc. has seasoned management, cutting edge technology and
owns a large technology portfolio of patents and know-how that has
been extensively validated and ready for commercial production.
For more information on W2 Energy please see
www.w2energy.com.
Safe Harbor
This release contains statements that constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. These statements appear in a number of places
in this release and include all statements that are not statements
of historical fact regarding the intent, belief or current
expectations of W2 Energy, Inc., its directors or its officers with
respect to, among other things: (i) financing plans; (ii) trends
affecting its financial condition or results of operations; (iii)
growth strategy and operating strategy. The words "may," "would,"
"will," "expect," "estimate," "can," "believe," "potential" and
similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, many of which are beyond W2
Energy, Inc.'s ability to control, and that actual results may
differ materially from those projected in the forward-looking
statements as a result of various factors. More information about
the potential factors that could affect the business and financial
results is and will be included in W2 Energy, Inc.'s filings with
the Securities and Exchange Commission.
For further information
please contact: W2 Energy Public Relations and Shareholder
Information W2 Energy Inc. Phone: (519) 800-7556 Email:
info@w2energy.com