Cambridge, Ontario, February 26, 2014-- W2 Energy, Inc. (OTC: WTWO) is pleased to report our biodiesel plant installation is nearing completion
at our Cambridge facility.
Our
move to a new location resulted in a delay in our biodiesel production and the
plant needed to be re-installed before we could commence start-up again. We are
happy to report that we are nearing completion of that install and biodiesel
production at our Cambridge facility is now imminent. As promised we
have posted a blog entry describing the progress and well as posting pictures
of the plants at various stages. This blog can be viewed on our website
www.w2energy.com. The company now operates 2 locations 155B Turnbull Crt. Cambridge
Ontario and 120 Turnbull Crt. Units H&I Cambridge Ontario. The 155B
Turnbull location is 3,200 square feet and houses our plasma reactor lab as
well as our CNC machining, fabrication, offices and showroom. Our second
location at 120 Turnbull Units H&I is home to our biodiesel operations as
well as the CWS (Coal Water Slurry) fuel line. This facility is 5,000 square
feet with offices and boardroom plus our onsite lab for testing and Quality
Control.
We
have now taken the steps in anticipation of production of biodiesel and issued
a purchase order for the first delivery of 20,000 liters of oil for test runs
and sales. As soon as this is processed will begin by taking delivery of this
amount per week until we can ramp up our cash flow and or debt limit to be able
to handle the maximum of 52,500 liters per week or 7,500 liters per day.
As discussed in our press of January 14, 2104
The Company is looking to improve communications and has begun the search for a
full time communications person to work within the company and with management
to execute on that task.
The company is also still in progress with
audits and financials and will update the shareholders once these are complete.
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.
For more information on W2 Energy please see www.w2energy.com .
Safe Harbor
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.
For further information please contact:
W2 Energy Public Relations and Shareholder
Information W2 Energy Inc.
Phone: (519) 800-7556
Email: info@w2energy.com