Business
W2 Energy Reports on 2013 and Looks Forward to 2014
W2 Energy Reports on 2013 and Looks Forward to 2014.
About this update from American Energy Partners, Inc.
[{"type":"text","content":"\n \n \n W2 Energy Reports on 2013 and Looks Forward to 2014\n \n \nW2 Energy Reports on 2013 and Looks Forward to 2014\n\nChanges Coming in 2014\n\n \n CAMBRIDGE, ON--(Marketwired - Jan 14, 2014) - W2 Energy, Inc. (OTC Pink: WTWO) is pleased to report on 2013's past year progress and looking forward into 2014.\n 2013 was a year of change for W2 Energy Inc. Although we did not make all of our targets we had hoped for, management continued to push forward on many fronts and position the company for growth in 2014.\n Strategic Agreements\n Management continues to promote strategic partnerships, marketing and licensing. This year looks to be the year we will see some activity on some agreements put in place in 2012-2013.\n Sales cycle time has been greater than expected with funding on Joint Venture partners side being the dominant issue, however we continue to be confident that these agreements will become fruitful.\n Over the course of 2012 and 2013 we signed several deals with SES International and received deposits against purchase orders generated as a result. Unfortunately in the last quarter of 2013 management decided to cancel these agreements due to non-performance and non-payment from SES.\n Acquisitions\n In 2014 the company intends to pursue acquisitions that are in our market and cash flowing. During 2013 Management had begun several discussions with prospective targets, which are on going and advancing well.\n Technology Advances\n During 2013 we continued to push forward on our coal water slurry systems. Focusing on fuel oil replacement.\n Property Development\n As announced in 2103 we sold our building to reduce costs and relieve some of the financial stress that was burdening the company. We are now positioned with much lower overheads and 2014 will prove to be a better year financially for the company.\n Corporate Developments\n As announced the company engaged an auditor in late 2013 to begin auditing the financials of the company for 2011-2012 as well as year-end 2013. It is management's intent to have this finalized in early 2014. During the 2013 year we also engaged a new corporate council Mr. John Root. Mr. Root is responsible for corporate governance and filing of the company's registration statement.\n Moving Forward Into 2014\n Management's focus in early 2014 is sales an...