SOURCE: W2 Energy, Inc.

W2 Energy, Inc.

June 21, 2010 11:07 ET

W2 Energy Continues to Grow

TORONTO--(Marketwire - June 21, 2010) -  W2 Energy, Inc., a clean energy company (PINKSHEETS: WTWO), is pleased to announce it has signed a letter of intent to purchase 80% of Free Drive EV, Inc. (www.freedrive-ev.com). Free Drive EV is the manufacturer of SOLAR BUG, a solar-powered electric vehicle. Acquisition of Free Drive EV is another innovative step in W2 Energy's goal to bring alternative products to the marketplace that will reduce carbon footprints.

As a cutting edge vehicle, the Solar Bug utilizes solar energy in conjunction with battery charge. The Solar Bug has gone through the regulatory process with US regulatory bodies (DOT/NHTSA/SAE) and has been approved by the US Federal government for use as a low speed vehicle. This means Solar Bug can be used to drive on local roads up to speeds of 35 miles per hour.

The Solar Bug supplements conventional battery power with high efficiency solar panels and a proprietary regenerative braking system. It holds two people plus cargo.

Vehicle owner's insurance for the Solar Bug is available through Farmers Insurance Group.

The Solar Bug is ideally suited for use in large industrial complexes, by security companies to patrol large properties, law enforcement, and by individuals who do local travel in their immediate area. In its market studies, W2 Energy had an excellent response to Solar Bug from both the industrial market and the security companies.

Not only is the Solar Bug a reasonably priced solar–powered electric vehicle, it is very economical to operate.

W2 Energy has taken another step to supply alternatives in emerging markets at affordable prices. W2 Energy continues to develop products or partner with companies that present low cost energy solutions to the treatment of waste and offer solutions to companies and individuals who want to reduce their carbon footprint.

Remember with a W2 Energy waste to energy plant, garbage is a renewable resource. The system is closed with no emissions and is a net user of CO2.

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 visit 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 reports and filings with regulatory bodies

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