W2 Energy Inc. (PINKSHEETS: WTWO) (FRANKFURT: WJD), a developer of green energy, announce this morning that CEO Michael McLaren has negotiated contracts this week which are important to the future success of the company. The company continues to move ahead assertively by building upon technology and know-how with its efforts to become a 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.”
The company states that 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. W2 energy is expecting to release more news providing details of the company’s progress.
W2 Energy Inc. is a publicly traded company that develops renewable energy. The company also applies new energy technologies to new-generation power systems. The company’s plasma assisted biomass is used for energy plants that utilize state of the art technologies to produce both alternative fuel (sulfur-free diesel) and electricity at an efficient cost.
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