CAMBRIDGE, ON--(Marketwired - Nov 15, 2013) - W2 Energy Inc. (OTC Pink: WTWO), a energy devices manufacturer of various alternative green renewable energy technologies, announced today the that the company has engaged RBSM LLP to audit the books of W2 Energy Inc. for the years 2011, 2012 and review the current financial statements.
W2 Energy has received adequate funding to become fully reporting as a long term plan to pace itself with strategic contracts that will build its revenue base.
"We are in the process of strengthening our disclosure to shareholders by providing audited financials," said Chairman Michael McLaren. "This task is expected to be completed by the end of this year as the company will then move forward on registering its common stock."
Chairman McLaren further stated, "Now that the company is moving forward with its goals and objectives we feel the time is right to register the shares and up-list the company as planned."
For more information on W2 Energy please see www.w2energy.com
W2 Energy: Solutions That Fit
Syngas Production: The NT Plasmatron converts any hydrocarbon feedstock into syngas, which is a combination of hydrogen (H2) and Carbon Monoxide (CO). Viable feedstocks include municipal solid waste (MSW), coal, natural gas, tires, sewage, animal waste and agricultural waste.
Electricity Production: The SteamRay high-efficiency rotary engine converts either steam or syngas into electricity. The WaterHelix converts river or offshore water flows into hydraulic pressure.
The W2 Small Energy Generating System
Liquid Fuel Production: The MultiFuel Gas-to-Liquid Reactor converts syngas into either Ultra Low Sulfur Diesel (ULSD) or an approximate 40/35/25 blend of ULSD, gasoline, and JP8 jet fuel. The W2 Butanol Reactor (WBR) converts syngas into an approximate 60/30/10 blend of butanol, acetone and ethanol. Butanol can be used as a gasoline substitute. Acetone and ethanol are commercial products with substantial worldwide demand.
Waste Remediation: W2 Energy technology eliminates the need for landfills and offers the opportunity to convert existing landfills into electricity, liquid fuel, plus sale-able and recoverable industrial byproducts such as landfill ash and powder sulfur.
Carbon Gas and Pollution Sequestration: The SunFilter Algae Reactor sequesters carbon dioxide and other pollution gases and grows algae which feed on those gases and particulates. In situations where the algae feed on pure carbon dioxide (CO2), such as the carbon dioxide produced by the MultiFuel Reactor, the algae can be used to produce biodiesel, syngas, and human and animal food supplements. When feedstock gas has other components such as sulfur oxides, resulting algae can create biodiesel and syngas and renewable source of energy.
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.