W2 Energy Inc. Announces .33 Cents per Share Earnings Projected for 2008
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 05/08/08 -- W2 Energy Inc. (PINKSHEETS: WTWO) (FRANKFURT: WJD), a developer of green energy, is pleased to announce CEO Michael McLaren negotiated contracts this week vital to the growth and infrastructure of the company. W2 Energy continues to aggressively build upon its technology and know-how in order to become a world-wide leader in the development of emerging alternative energy technologies and the production of liquid fuel.
Michael McLaren stated: "We expect to realize at least 5 million dollars in revenue in 2008. We're moving faster and farther than we expected on many fronts. With new partnerships secured and new contracts signed, I'm confident that W2 Energy is able to provide shareholder value both now and in the future."
There are currently 14,780,915 outstanding shares on a fully diluted basis. Pro Forma numbers support an estimated $.33 per share on an annual basis.
Michael McLaren said, "We have been working diligently behind the scenes for quite some time and are now confident to let the investing community know that W2 Energy is positioned to become a world leader in the liquid fuel industry. Shareholders can expect more news from us in the near term as we begin to provide details about our exciting progress."
About W2 Energy Inc.
W2 Energy Inc. www.w2energy.com is a growing, publicly traded company that develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy Inc.'s plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt.
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.
For further information, please contact:
W2 Energy Inc.
info@w2energy.com
www.w2energy.com
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