W2 Energy Reports on 2013 and Looks Forward to 2014
January 14 2014 - 2:06PM
Marketwired
W2 Energy Reports on 2013 and Looks Forward to 2014
Changes Coming in 2014
CAMBRIDGE, ON--(Marketwired - Jan 14, 2014) - W2 Energy, Inc.
(OTC Pink: WTWO) is pleased to report on 2013's past year progress
and looking forward into 2014.
2013 was a year of change for W2 Energy Inc. Although we did not
make all of our targets we had hoped for, management continued to
push forward on many fronts and position the company for growth in
2014.
Strategic Agreements
Management continues to promote strategic partnerships,
marketing and licensing. This year looks to be the year we will see
some activity on some agreements put in place in 2012-2013.
Sales cycle time has been greater than expected with funding on
Joint Venture partners side being the dominant issue, however we
continue to be confident that these agreements will become
fruitful.
Over the course of 2012 and 2013 we signed several deals with
SES International and received deposits against purchase orders
generated as a result. Unfortunately in the last quarter of
2013 management decided to cancel these agreements due to
non-performance and non-payment from SES.
Acquisitions
In 2014 the company intends to pursue acquisitions that are in
our market and cash flowing. During 2013 Management had begun
several discussions with prospective targets, which are on going
and advancing well.
Technology Advances
During 2013 we continued to push forward on our coal water
slurry systems. Focusing on fuel oil replacement.
Property Development
As announced in 2103 we sold our building to reduce costs and
relieve some of the financial stress that was burdening the
company. We are now positioned with much lower overheads and
2014 will prove to be a better year financially for the
company.
Corporate Developments
As announced the company engaged an auditor in late 2013 to
begin auditing the financials of the company for 2011-2012 as well
as year-end 2013. It is management's intent to have this
finalized in early 2014. During the 2013 year we also engaged
a new corporate council Mr. John Root. Mr. Root is responsible
for corporate governance and filing of the company's registration
statement.
Moving Forward Into 2014
Management's focus in early 2014 is sales and marketing,
corporate restructuring and enhanced financial visibility. We
believe this will be achieved through audited financial statements
as well as regular SEC reports.
The company has made the decision to focus on our clean coal
technologies. Management believes the technologies we
developed for this application will be the first to realize
revenue.
The company continues to work with our bio-diesel
plant. Although our targets were not met in the last few
months as announced, we look forward to producing our first runs of
fuel in the month of February. Management will keep the
shareholders informed on the progress of product via our website
blog at http://www.w2energy.com/energy-blog.
The company had hired a consulting firm to work with management
to achieve these goals. It will be the consultants task to
advise management on corporate restructuring and if need be
management changes to ensure a prosperous 2014.
About W2 Energy:
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