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W2 Energy Inc. Announces .33 Cents per Share Earnings Projected for 2008 Thursday May 8, 10:15 am ET
NEW YORK, NY--(MARKET WIRE)--May 8, 2008 -- W2 Energy Inc. (Other OTC:WTWO.PK - News) (Frankfurt:WJD.F - News), a developer of green energy, is pleased to announce CEO Michael McLaren negotiated contracts this week vital to the growth and infrastructure of the company. W2 Energy continues to aggressively build upon its technology and know-how in order to become a world-wide leader in the development of emerging alternative energy technologies and the production of liquid fuel.
Michael McLaren stated: "We expect to realize at least 5 million dollars in revenue in 2008. We're moving faster and farther than we expected on many fronts. With new partnerships secured and new contracts signed, I'm confident that W2 Energy is able to provide shareholder value both now and in the future."
There are currently 14,780,915 outstanding shares on a fully diluted basis. Pro Forma numbers support an estimated $.33 per share on an annual basis.
Michael McLaren said, "We have been working diligently behind the scenes for quite some time and are now confident to let the investing community know that W2 Energy is positioned to become a world leader in the liquid fuel industry. Shareholders can expect more news from us in the near term as we begin to provide details about our exciting progress."
About W2 Energy Inc.
W2 Energy Inc. www.w2energy.com is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
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NEW YORK, NY--(MARKET WIRE)--May 13, 2008 -- W2 Energy Inc. (Other OTC:WTWO.PK - News) (Frankfurt:WJD.F - News), a developer of green energy, is pleased to announce a corporate status update.
Mr. Michael McLaren reports:
Form 10 and Bulletin board status
On May 12, 2008 the company submitted its sixth amendment of its form 10-sb. The company also submitted its documents to FINARA (formerly NASD) and only awaits the comment clearing letter from the SEC to begin quoting on the OTCBB.
Algae
September 13, 2007 the company announced it will test algae as a feedstock in its reactor technology. To date, the company has tested several strains of algae and is now in negotiations with a global provider of algae production systems to integrate the systems into our biomass to liquid plants. The Algae systems will provide a constant flow of high quality feedstock as well as be used to eliminate CO2 byproducts produced in the Gas to Liquid phase of the system.
Quotations
The company continues to quote micro GTL (Gas to Liquid) systems on the level of 100 barrels per day and smaller. W2 Energy is rapidly becoming the supplier of choice with these systems and, in the near term, hope to close 5 more systems to produce both liquid fuel and electricity.
Corporate Partnerships
W2 Energy continues to negotiate and execute corporate partnership opportunities. The companies Joint Venture strategy is working better than expected and the result of adopting our new strategy has attracted many new opportunities in the micro GTL market place.
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.
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