ENP Newswire - 01 July 2014
Release date- 27062014 - CAMBRIDGE, ON - W2 Energy, Inc. (OTC Pink: WTWO) (PINKSHEETS: WTWO) 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.
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.
Tel: (800) 448-7097