W2 Energy Inc. to Build 300 HP Rotary Hydrogen Engine Thursday August 3, 11:50 am ET
NEW YORK, Aug. 3, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of green energy, is pleased to announce it will build a commercial unit of its rotary hydrogen engine. The engine, based on U.S. patent number 5,720,251 acquired by W2 Energy from its acquisition of World Wise Technologies in December 2004, has been modified to accept a large cross section of fuels, including hydrogen. The company plans to build a 300 HP version of the motor that will power an electrical generator.
Mr. Michael McLaren states, ``We are very excited about this engine and are preparing to submit patent on the changes made to it.'' He also stated, ``Our prototype tests concluded that we can produce a remarkable about of horsepower in a very compact package using all sorts of fuel from low grade diesel to hydrogen.''
W2 Energy continues to push forward on the audited financials and will advise shareholders regularly of the progress.
W2 Energy Inc. Corporate Status Report Thursday July 27, 6:00 am ET
NEW YORK, July 27, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of green energy, is pleased to announce a corporate status report. Mr. Michael McLaren reports:
The company continues to work to file its 10-sb and expects to file within the next 3 weeks. Once filed and the financials have cleared comments by the SEC, the company will immediately make application to the OTCBB and the Frankfurt exchange. The company still intends to make application to the AMEX exchange once the financials have cleared comments and are confident that acceptance to this exchange is imminent.
Management continues to push the 100 BBD plasma assisted biomass to diesel project as fast as possible and are excited with the progress and results to date.
Management continues to seek joint ventures and partnerships to assist in the market distribution of our products.
The company continues to source possible synergistic technologies and acquisitions and has presented a letter of intent to purchase a clean coal technology and will release further details shortly once the offer is accepted. _______________________________________________________________
W2 Energy Inc. Completes First Run Test of Materials Tuesday July 25, 7:38 am ET
NEW YORK, July 25, 2006 (PRIMEZONE) -- W2 Energy Inc., a developer of green energy, is pleased to announce it has concluded its first run of test materials in its plasma assisted biomass to liquid fuel test facility. Among those materials tested were peat, lignite (brown coal) and sewage sludge.
Mr. Michael McLaren states, ``We have completed first run tests of various feed stock in our plasma assisted biomass to liquid fuel plant with resounding results.'' He also stated, ``The tests showed that we are able to produce a quality liquid fuel product for as low as $0.14 per gallon or $5.88 per barrel base manufacturing cost.''
W2 Energy continues to push forward on the scale-up construction of our 100 BBD plant and feel confident the plant will be able to produce sample runs of product by Q1 2007. W2 Energy currently has approximately US$1.7B in production requests for their diesel product. With approximately 97 Million shares outstanding this translates to a per share book value of $17.50 per share.
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**********: W2 Energy, Inc. (WWEN) SqueezeTrigger Price is $0.13. Approximately 13.6 Million Shares Shorted Since January 2005 According to ********** Research Report Aug 21, 2006 (M2 PRESSWIRE via COMTEX) -- **********, www.**********, is reiterating coverage of W2 Energy, Inc. (OTC: WWEN) after releasing the latest short sale data to August 2006. From January 2005 to August 2006 approximately 177.2 million total aggregate shares of WWEN have traded for a total dollar value of nearly $23.6 million. The total aggregate number of shares shorted in this time period is approximately 13.6 million shares. According to July 10th Total Short Interest, there are 16,541 shares that have been shorted, but not yet covered. Because brokerage firms are only required to disclose what they are short on one day of the month, the average amount of Total Short Volume in stocks is approximately 20 times (20 trading days vs. 1 trading day) the disclosed Total Short Interest figure. In some cases, ********** has seen Total Short Volume higher by as much as 100 times the disclosed increase in Total Short Interest for that given month. The WWEN SqueezeTrigger price of $0.13 is the volume weighted average short price of all short selling in WWEN. A short squeeze is expected to begin when shares of WWEN close above $0.13. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.**********. Month Total Vol. Short Vol Avg.Price $Value
Jan 05 367,591 28,305 $0.13 $3,609
Feb 1,240,317 95,504 $0.13 $12,177
Mar 774,063 59,603 $0.08 $4,619
Apr 1,531,086 117,894 $0.06 $7,368
May 776,396 59,782 $0.06 $3,587
June 981,656 75,588 $0.08 $6,236
July 687,072 52,905 $0.09 $4,962
Aug 1,310,363 100,898 $0.06 $5,549
Sept 2,657,803 204,651 $0.04 $8,698
Oct 2,136,100 164,480 $0.05 $8,504
Nov 2,111,314 162,571 $0.06 $9,153
Dec 1,037,591 79,895 $0.05 $3,779
Jan 06 1,114,822 85,841 $0.04 $3,133
Feb 663,204 51,067 $0.04 $1,941
Mar 1,325,599 102,071 $0.03 $2,889
Apr 1,811,617 139,495 $0.04 $5,161
May 45,159,620 3,477,291 $0.17 $577,926
June 28,377,204 2,185,045 $0.07 $143,776
July 60,451,792 4,654,788 $0.16 $767,109
Aug 22,684,870 1,746,735 $0.14 $237,207
Total: 177,200,080 13,644,406 $0.13 $1,817,382
*short volume is approximated using a proprietary algorithm.
**average short price is calculated using a volume weighted average short price.
***short volume is the total short trade volume and does not account for covers.
WWEN On OTC Naked Short Threshold List
On List Off List # Days
January 7, 2005 January 13, 2005 5
W2 Energy, Inc. has been on the OTC Naked Short Threshold list 1 time. Regulation SHO took effect January 3, 2005, and provides a new regulatory framework governing short selling of securities. It was designed with the objective of simplifying and modernizing short sale regulation and providing controls where they are most needed. At the conclusion of each settlement day, data is provided on securities in which: 1) there are at least 10,000 shares in aggregate failed deliveries for the security for five consecutive settlement days, and 2) these failures constitute at least 0.5% of the issuer's total shares outstanding. SEC Regulation SHO, under the Securities Exchange Act of 1934, mandates that, if a clearing agent has had a fail-to-deliver position for 13 consecutive settlement days, that clearing agent, and the broker/dealer it clears for, must purchase securities to close out its fail to deliver position.
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