W2 Energy Continues to Gain Ground
March 27 2014 - 1:00PM
Marketwired
W2 Energy Continues to Gain Ground
Big Changes Expected in 2014
CAMBRIDGE, ON--(Marketwired - Mar 27, 2014) - W2 Energy, Inc.
(OTC Pink: WTWO) (PINKSHEETS: WTWO) is pleased to report on first
quarter 2014 progress.
Biodiesel Plant Progress
As reported in our last press release of February 26th 2014, we
have completed the installation of our biodiesel plant in our new
location and as of today will begin to process small batches for
testing and trouble shooting purposes. This process is
expected to take 30 days while we work out the bugs and kinks and
begin to process on a daily basis. We are excited to be in the
fuel business at last. Once we have produced a few batches we
will post on our blog pictures and explanation of the process.
Acquisitions
The company continues to develop our technologies we acquired
over the last few years when time and money permit. Our
strategy this year is to bring these technologies forward while
remaining committed to our fuel production business. The
company is also pursuing assets in the green fuel production
business as well as traditional energy assets that fit our
corporate vision. Coal tailings, coal waste sites and stranded or
distressed gas assets are among our target acquisitions.
Technology Advances
The company is presently focused on our coal water slurry to
clean liquid fuels system and has been for the better part of the
last 2 years. Our biodiesel production also plays a significant
role in this product. We have continued to perfect our system
and have made some major advances in which the company will apply
for patents during the second quarter of this year.
The company has hired a full time chemical engineer to work
specifically on the clean coal water slurry product and has applied
for government research assistance on this project, which is
expected to commence on April 1st 2014.
We continue to work on the solar technologies and water turbine
technologies as well when time and funds permit. Our intent is
to fund the continued development of these technologies from cash
flow and government assistance rather than equity or debt
investment at this time. During the last few months we have
also made several advances in our plasma reforming technologies
which the company will also apply for patent during the next
quarter. Funding for the intellectual property protection
through patents will come from shareholder loans.
Corporate Developments
The company continues to work on its audited financials and
registration statement and will give a separate update for its
status at a later date. Our effort in the short term is filing
the 2013 year end on the OTC Markets website in order to remain
Pink Current status. The company is also continuing to push
forward on our rebranding as mentioned last year. Shareholders
can expect big changes in the coming months as we position the
company on our path to success.
The company is also presently searching for a qualified
individual who can monitor and answer shareholder questions as well
a market the company's technologies through online sales and
business development.
Sales
The company's website continues to generate interest in our
products, as well our management team is actively marketing a Joint
Venture strategy for our fuel production systems. We continue
to pursue qualified partners and expect that 2014 will bring forth
several projects of this nature.
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