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.
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.