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W2 Energy Inc.: W2 Energy Enters Negotiations in Florida

^{Published on 2009-04-16 09:59:24 - Market Wire}
 

TORONTO--(Marketwire - April 16, 2009) - W2 Energy Inc (PINKSHEETS: [ WTWO ]) a developer of green energy is pleased to announce that its joint venture partner R&J Howell is entering meetings to supply W2 Energy waste to energy plants to several countries in South America. The meetings are scheduled to start Monday, April 20, 2009. All preliminary data has been supplied and discussed. The Company anticipates signing Memorandums of Understanding at these meetings that will define pricing and delivery times of plants. Each plant costs $2,700,000 US. All countries in South America have substantial problems related to the disposal of old tires. This particular aspect of the W2 Energy waste to energy plant is of great interest as a 4 Ton Plant can dispose of up to 2.0 million tires per year while generating fuel (sulfur free diesel) and electricity without pre treatment.

W2 Energy waste to energy plant is a closed loop system that does not produce emissions. The W2 plant generates carbon credits as well as fuel (sulfur free diesel) and electricity that can be used in existing power grids.

The Company is also getting strong interest in its plants from coal producers. The W2 plant converts coal to fuel and electricity. Coal supplies feedstock for 50% of the power generated in the United States. Use of the W2 plant at a coal mine will generate fuel and power while reducing the emissions of CO2 normally associated with the mining and processing of coal.

W2 Energy continues to take steps to reduce its carbon footprint.

About W2 Energy

W2 Energy trades in the United States on the OTC under the symbol "WTWO." For further information, please contact Mike McLaren at (519) 341-3185 or [ www.w2energy.com ].

NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and filings with regulatory bodies.