Well Power Inc. (fka WPWR)

[Madkins]

HOUSTON, TX, March 10, 2014 /PRNewswire/ - Well Power, Inc. (OTCQB: WPWR) (the "Company") is pleased to announce it has completed a round of equity funding,
through a private placement, for aggregate proceeds of $250,000 at a
price of $0.58 per Unit.  Each Unit consists of one (1) share of the
Company's common stock, par value $0.001 (the "Common Stock"), and a
warrant to purchase one share of Common Stock (each, a "Warrant and,
collectively, the "Warrants").  The Warrants will be exercisable for a
period of two years at a purchase price of $0.90 per whole share. The
proceeds of this private placement will be used by the Company to meet
its licensing requirements and proceed with the development schedule of
the Micro-Refinery Unit ("MRU") and for general working capital.

The MRU will be an assembly of proven commercial technologies with a
proprietary micro-processing system as the key technology component.
With the addition of catalytic reactors and power generation
components, various liquid and power outputs can be achieved.





The President of Well Power, Dan Patience, stated, "There has been a
tremendous response from the oil and gas industry as well as the
investment community.  We are now well positioned to move forward with
the business of the company and to carry out our development plan for
this unique technology.  I am very pleased with the terms of this
funding as we feel it is responsible to our current shareholders."
About Well Power Inc.
The Company has acquired an exclusive license from MEC, a Canadian
publicly listed company that is developing mobile and scalable Wellhead
Micro-Refinery Units (MRUs) deployable close to the wellhead to process
raw natural gas into liquid fuels and clean power. As a result of the
License Agreement, the Company is now a development stage company
seeking to commence the new business of distributing MRUs in the State
of Texas and from there into other geographical areas.

The Company is looking to position itself as a technology company, which
will provide oil and gas producers and operators a solution to process
otherwise wasted natural gas, including stranded, shut-in, flared and
vented gas and produce valued end-products including Engineered FuelTM (diesel, diluents, synthetic crude) and electrical power.

For more information about the Company, please visit www.wellpowerinc.comForward Looking Statements
Some information in this document constitutes forward-looking statements
or statements which may be deemed or construed to be forward-looking
statements, such as the closing of the share exchange agreement.  The
words "plan", "forecast", "anticipates", "estimate", "project",
"intend", "expect", "should", "believe", and similar expressions are
intended to identify forward-looking statements.  These forward-looking
statements involve, and are subject to known and unknown risks,
uncertainties and other factors which could cause the Company's actual
results, performance (financial or operating) or achievements to differ
from the future results, performance (financial or operating) or
achievements expressed or implied by such forward-looking statements. 
The risks, uncertainties and other factors are more fully discussed in
the Company's filings with the U.S. Securities and Exchange
Commission.  All forward-looking statements attributable to Well Power,
Inc., herein are expressly qualified in their entirety by the
above-mentioned cautionary statement.  Well Power, Inc., disclaims any
obligation to update forward-looking statements contained in this
estimate, except as may be required by law.

This news release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such jurisdiction.
SOURCE Wellpower inc.

http://www.otcdynamics.com/well-power-inc-closes-first-round-of-funding