COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
W2 Energy Inc's CEO Converts Common to Preferred Shares
NEW YORK, Feb 27, 2007 (*********wire via COMTEX) -- W2 Energy Inc. (PinkSheets:WWEN), a developer of Green Energy, is pleased to announce that its principal shareholder Premier Capital, which is controlled by Mr. Michael McLaren, the principal member of the Company's management who holds approximately 44.75% of WWEN's common stock, has agreed to convert their shares into 42,000,000 Class A Preferred Shares. This was done in order to lower the number of the Company's issued and outstanding common shares. The Preferred Shares will have voting rights, no dividend rights and are convertible into common shares on the earlier of either a change in control (including any merger) or two years from the issuance date of the Preferred Shares. The common stock owned by Premier Capital would have become freely trading within the next 60 days. Mr. Michael McLaren, President and CEO of WWEN stated, "This conversion to preferred stock shows the support and confidence that management has in the execution of the Company's business plan. We hope and expect that the investment community acknowledges management's commitment to the Company's long-term prospects by taking this action."
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company on the OTC (Symbol WWEN) that develops renewable energy technologies and applies it to new generation electrical power systems. Specifically, W2 Energy Inc. produces Green Power utilizing its core-patented technologies to produce green power generating and clean transportation fuel plants utilizing biomass and GTL technologies. W2 Energy Inc. has seasoned management and cutting edge technology. W2 Energy Inc. owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
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.
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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I have been holding a small position in this for quite awhile now. I told myself that I wouldn't buy more until after the first plant had been built. However, these recent PR's are making it extremely difficult to keep my finger off the button, haha!
Good luck everyone.
Posts: 807 | From: Upstate NY | Registered: Dec 2005
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posted
What's with the 911 trades? Does that mean something?
-------------------- It is better to be thought a fool than to speak and remove all doubt. Posts: 357 | From: Minnesota | Registered: Jun 2005
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I have been holding a small position in this for quite awhile now. I told myself that I wouldn't buy more until after the first plant had been built. However, these recent PR's are making it extremely difficult to keep my finger off the button, haha!
Good luck everyone.
If you follow this stock, you know that the CEO had said they would be uplisting sometime this spring. Michael is a really nice and honest man. Spoke with him several months ago.
Posts: 2754 | From: Utah | Registered: Apr 2006
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posted
I was just re reading the pr and noticed this line: INCLUDING ANY MERGER!!
The Preferred Shares will have voting rights, no dividend rights and are convertible into common shares on the earlier of either a change in control (including any merger) or two years from the issuance date of the Preferred Shares. The common stock owned by Premier Capital would have become freely trading within the next 60 days.
posted
Not sure if your question is this simple or if you're asking for more speculation, but I think it just means that Premier Capital can sell their shares if there is some kind of ownership change, which gives them an out if the company moves in a direction that they don't like. My guess would be that Premier asked for that condition, but I obviously am just speculating.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Not sure if your question is this simple or if you're asking for more speculation, but I think it just means that Premier Capital can sell their shares if there is some kind of ownership change, which gives them an out if the company moves in a direction that they don't like. My guess would be that Premier asked for that condition, but I obviously am just speculating.
Look at the part where Michael states any MERGER? He has never put things like that in PR's. I'm speculating it's a HINT...JMO
posted
yeah, i think the two options are that there is a merger on the horizon, or that Premier wasn't willing to have it's money tied up for 2 years without an out. My money would be on the latter, but the former had crossed my mind as well.
quote:Originally posted by cassity:
quote:Originally posted by PCola77: Not sure if your question is this simple or if you're asking for more speculation, but I think it just means that Premier Capital can sell their shares if there is some kind of ownership change, which gives them an out if the company moves in a direction that they don't like. My guess would be that Premier asked for that condition, but I obviously am just speculating.
Look at the part where Michael states any MERGER? He has never put things like that in PR's. I'm speculating it's a HINT...JMO
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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W2 Energy Inc. Begins Demonstrations of GAT Reactor
PrimeZone "PrimeZone "
NEW YORK, Feb. 19, 2007 (PRIME NEWSWIRE) -- W2 Energy Inc. (Pink Sheets:WWEN), a developer of Green Energy, is pleased to announce it has started to schedule customer demonstrations of its GAT reactor at Drexel Plasma Institute in Philadelphia.
The demonstrations will include the conversion of customer supplied material to syngas and the subsequent burning of the syngas in a small natural gas generator.
Mr. Michael McLaren states, "We are approaching the final steps in our development of a low cost, scalable, energy efficient system to convert multiple feedstocks into clean usable syngas." "W2 Energy is very excited at the success of our project and we are stunned by the results of our tests, the data that we have received on the reactor's efficiency and ability to convert a wide range of feedstock into usable low cost syngas is truly impressive."
Mr. McLaren also stated, "W2 Energy has always taken the position that we would not produce energy or fuel from food products when so many in the world still go hungry." "Our new process gives us the ability to create clean, renewable energy from a wide variety of non-food sources."
About W2 Energy Inc.
W2 Energy Inc. is a growing, publicly traded company on the OTC (Symbol WWEN) that develops renewable energy technologies and applies it to new generation electrical power systems. Specifically, W2 Energy Inc. produces Green Power utilizing its core-patented technologies to produce green power generating and clean transportation fuel plants utilizing biomass and GTL technologies. W2 Energy Inc. has seasoned management and cutting edge technology. W2 Energy Inc. owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.
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.
posted
thanks. I was hoping it was out in suburbia somewhere. I fear the big city Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Here is a older PR, that helps back my suspicion of a merger. Particularly this line:
"The company's is executing on its business plan and is moving forward on target. W2 Energy continues to push forward on other projects including joint venture relationships and other partnership opportunities".
W2 Energy Inc. Files Form 10-SB Wednesday October 25, 5:27 pm ET
NEW YORK, Oct. 25, 2006 (PRIMEZONE) -- W2 Energy Inc. (Pink Sheets:WWEN) a developer of green energy, is pleased to announce it has filed its Form 10 with the Securities and Exchange Commission. The management of the company made the decision to go back to a Form 10 rather than the SB-2 registration as a result of the current share price. Mr. Michael McLaren states, ``The management and the board of the W2 Energy feel the current share price is too low to authorize an SB-2 registration of shares. The company has the financial resources near term to continue the execution of its business plan and management decided not to incur unnecessary dilution to the shareholders at this time.'' ADVERTISEMENT
The company's is executing on its business plan and is moving forward on target. W2 Energy continues to push forward on other projects including joint venture relationships and other partnership opportunities.
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.
posted
I spoke to some guy at WWEN on my way home from school just now. I have a very strong feeling the company is in negotiations of a merger or buyout(read today's pr). Obviously, he couldn't come out and say they were, but I asked him if anything was on the table. He said no, that nothing was on the table, but that didn't mean they were not talking about it, he said it wouldn't be "on the table" until they had an agreement signed. If you read the last few pr's, I think they are showing their product to potential buyers/merger canidates. I originally called to speak to Michael, but he wasn't there, so I asked the guy I was talking to.(I have no idea what his name was, but he sounded irritated) Let me know what you think? Call them and speak to them. 416-246-1100 Thanks
Posted by: soupoftheday In reply to: time2sell who wrote msg# 6470 Date:2/27/2007 3:56:04 PM Post #of 6471
WWEN READ! Hello
We have already filed and are preparing to file amendments as per SEC the financials will not change much. I cannot tell you when as that is not allowed.
posted
It appears that the move to the otcbb is coming very soon.
From the January 22nd Corporate status report:
The corporation withdrew its filing in order to satisfy an SEC comment that requested the audited financial statements of World Wise Technologies Inc. which W2 Energy purchased on December 15, 2004. The company has now completed the necessary financials and will submit them for audit within the next 2 weeks. The company's statement does not ask for the registration of new shares for sale rather it is a registration of the companies current outstanding shares which is required to become a fully reporting issuer. Once the company's registration statement clears SEC comments only then will the company be eligible to file for other exchanges within the US.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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quote:Originally posted by kt325ci: It appears that the move to the otcbb is coming very soon.
From the January 22nd Corporate status report:
The corporation withdrew its filing in order to satisfy an SEC comment that requested the audited financial statements of World Wise Technologies Inc. which W2 Energy purchased on December 15, 2004. The company has now completed the necessary financials and will submit them for audit within the next 2 weeks. The company's statement does not ask for the registration of new shares for sale rather it is a registration of the companies current outstanding shares which is required to become a fully reporting issuer. Once the company's registration statement clears SEC comments only then will the company be eligible to file for other exchanges within the US.
In that same pr they said they have a offer for an acquisition, that will be completed after the uplisting. Today was a step in the right direction...IMO
Posts: 2754 | From: Utah | Registered: Apr 2006
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posted
big things coming down the pipeline...I loaded the boat today..trying to reach 1mil shares.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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Right On, been following this Ethanol equation for more than a year. Your posts support the facts, not the hype. While I "was" bullish on Ethanol last year I also admit I profited from and took part in the irrational enthusiasm till it peaked last summer. Your insights and others from those like you help many of us keep this changing landscape in perspective.
Alternatives energy sources must be developed. It's obvious the grain demand will outstrip our current production volumes. This path will eventually demand additional land resources and put pressure on what's left of our untouched wild regions. So we need a better alternative, one that will support our shortsighted politicians and still help us reach our goal.
Lignin to synfuel_ethanol process search: You've done a great job with quoting expert links and I'd like to share just one more with you. There is a huge resource of untapped waste which you have touched on before. The process of converting methane, natural gas, coal, peat, dried sewage and waste wood into Syngas has been around for almost 75 years. Your posts inspired me to do some searching for those leading the pack in Lignin to synfuel_ethanol process's.
There is a research program currently getting ready for commercialization at Drexel Plasma Institute in the area of Synfuel. The Syngas process they have engineered will give rise to several output fuel options including Ethanol and FT-diesel. They claim they can do it without creating C02 emissions. They also claim the process produces a marketable fertilizer. See |Fuel Conversion| http://plasma.mem.drexel.edu/publications/
What isn't listed here is the work that's been underway for the last year to broaden the feedstock's for the process listed in the publications section. (Dried sewage sludge, peat, lignite (brown coal)). You can only find a short blurb about it at http://www.mem.drexel.edu/research/New_Research_Awards.php entitled, “Hydrogen Production by Plasma Conversion of Biomass.”
I called Drexel last summer and inquired about the project and thought I'd asked about some state secret the way they responded. I was firmly told they couldn't speak about it, and they thought I was looking for insider stock information about their funding partner W2 Energy. Well when you won't answer my questions I do start to dig. I've learned that their final design specifications will be turned over to W2 energy in about 10 weeks. Further W2 Energy plans on having a demo plant up and running by 4th quarter 2007.
At any rate keep posting and know you have a growing audience trying to balance all the hype. Posted by Do-Crew at January 28, 2007 08:43 PM
posted
I wish I'd waited...very low volume bid whacking going on. I've got some more cash coming in tomorrow so hopefully we stay down here.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
I have an order in. We'll see what happens.
Heck, if I get filled I may even brave the big city to check out what the hell they do Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
That'd be awesome if you could check it out. I'm in Florida and thinking about flying up there to see it for myself.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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posted
Looks like they haven't annoucned any dates yet, correct? let me know if you hear any concrete dates at some point.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Looks like they haven't annoucned any dates yet, correct? let me know if you hear any concrete dates at some point.
went from .045 to .38 in 2 days... its a pumper, but they do have legit technology behind their co. I'm still in since last july with my leftover shares. im sure someday we'll see something big happen here....
Posts: 2794 | From: nyc | Registered: Aug 2005
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posted
It's going to pop sooner or later...Most of my shares are around .07 but will be adding tomorrow.
This isn't a typical sticky pinky. The OS is reasonable...CEO just locked down 44% of that for 2 years...company heading to higher exchange soon.
Posts: 2049 | From: Jax,FL,USA | Registered: Nov 2003
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