W2 Energy, Inc. Releases Shareholder Update
June 26 2014 - 8:15AM
Marketwired
W2 Energy, Inc. Releases Shareholder Update
CAMBRIDGE, ON--(Marketwired - Jun 26, 2014) - W2 Energy, Inc.
(OTC Pink: WTWO) (PINKSHEETS: WTWO) (the "Company") is pleased to
give a shareholder update on new corporate developments and its
company progress.
As previously reported on April 30th 2014, the company was in
negotiations with an external consultant to assist in refining our
biodiesel process and expand our production. The company has
now executed a contract with a private contractor who has 15 years
of chemical engineering experience and 12+ years of biodiesel
production experience. The budget has been set over the course
of three phases in order to minimize any strain on working capital
requirements. An initial budget of $50,000(US) will be
allocated in the first phase in order to have the plant give ASTM
specification product consistently from used oil. Our engineer
has identified several pieces of equipment necessary for the plant
in order to achieve this and management is currently in the process
of sourcing this equipment. The second phase budget is set at
$75,000(US) and will be used to increase production to maximum
capacity, put into place methods of continuous production, holding
tanks and for raw materials. The third phase budget is set at
$25,000(US) to fund ongoing management and maintain a quality
product on a long-term consistent basis.
The Company continues to work on completing its audited
financials in order to file its required SEC Filings in order to be
fully reporting. The Company expects to file more detailed reports
to be listed on OTC markets, which will eventually become our
required audited reports. We continue to remain Pink Current
and will notify potential investors and shareholders, once we have
filed our audited financials.
Also, as previously reported, we announced we would begin a
search for a suitable Investor and Shareholder Relations company in
order to broaden the communications between our Company and
potential investors and shareholders. We are happy to announce
the return of Mr. Joseph Vazquez and Infinity Global Consulting
Group, Inc., as our Investor and Shareholder Relations contact. Mr.
Vazquez has over 28 years industry experience in working with
investors and public companies. Because he has worked with us
previously, he is already familiar with our management and industry
space which we believe will translate to better communications for
our shareholders. At this time, the Company requests that all
communications be directed to Mr. Vazquez at this time. His contact
information can be found at the end of this press release.
The Company will also continue to move forward on our rebranding
strategy. Now that Mr. Vazquez is involved, we expect him to become
an integral part of the decision making process and the development
of future branding.
The Company continues to position themselves as a clean energy
company with biofuels as our principal product and market. As such,
we continue to seek acquisitions and speak to companies who have
great potential synergetic values with W2 Energy. However, our main
focus still remains on current plant operations and our CWS
products.
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 and Shareholder Information
Joseph Vazquez Phone: (800) 448-7097 Email: ir@w2energy.com