Diversified Oil and Gas Holdings (DVFI)

[Fishing at Surfside]

The Toyota part is made up of course, but the engine patent is real.

W2 Energy Inc. to Build 300 HP Rotary Hydrogen Engine

NEW YORK, Aug. 3, 2006 (PRIMEZONE) -- W2 Energy Inc. ( Pink Sheets:WWEN), a developer of green energy, is pleased to announce it will build a commercial unit of its rotary hydrogen engine. The engine, based on U.S. patent number 5,720,251 acquired by W2 Energy from its acquisition of World Wise Technologies in December 2004, has been modified to accept a large cross section of fuels, including hydrogen. The company plans to build a 300 HP version of the motor that will power an electrical generator.

Mr. Michael McLaren states, "We are very excited about this engine and are preparing to submit patent on the changes made to it." He also stated, "Our prototype tests concluded that we can produce a remarkable about of horsepower in a very compact package using all sorts of fuel from low grade diesel to hydrogen."

W2 Energy continues to push forward on the audited financials and will advise shareholders regularly of the progress.