CAMBRIDGE, ON—February 26, 2014 - W2 Energy, Inc. (OTC Pink: 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 we 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.
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
SOURCE: W2 Energy, Inc.