SOURCE: Amazonica Corp.

February 01, 2016 11:28 ET

Amazonica Corp. Restructures and Positions for Success

Company Restructures Capital, Changes Name and Receives New Symbol

CAMBRIDGE, ON--(Marketwired - Feb 1, 2016) - Amazonica Corp. (OTC PINK: AMZZD) is pleased to report on January 29th, 2016 the company received permission to restructure the capital stock, change name to XFuels Inc. and received a new trading symbol.

After 20 days from January 29th, 2016 the company's new symbol will be OTC: XFLS; until then the company's symbol will remain OTC Pink: AMZZD.

The restructure is the next step in the evolution of the company and integration of the hydrogen technology previously developed by Amazonica into the XFuels business plan.

Management has set forth a plan which will bring the company current on its financials, pay the OTC markets and move the company back to OTCQB with the intent to move the company to the OTCQX once the company qualifies.

Management is also pleased to report for the year 2015 that the company successfully extinguished over $100,000 in convertible debt and is looking to be debt free over the coming months in 2016. The company will continue to finance operations through equity via an S1 registration, bank debt and sales as they come.

XFuels and its parent company Converde Inc. are presently negotiating a new co-project where the company will integrate the hydrogen technology into a commercial gas boiler burner, which Converde Inc. will utilize in current projects. The project will allow for hydrogen recovery while producing heat or steam through traditional methods. This method will be revolutionary as the integrated product will not only be able to produce energy through heat but also collect valuable hydrogen as a side product with very little impact on the efficiency of the heat cycle.

Moving forward XFuels and Converde will integrate and market the hydrogen technology in its projects both locally and globally.

About XFuels Inc.

XFuels The Clean Petroleum & Power Company, is a publicly held energy company based in Portland, Oregon USA, established to design, build, and operate regionally-integrated, small-to-midcap electricity and petroleum production facilities. XFuels is a leader in carbon-neutral energy solutions, as well as providing water and food technologies specifically designed to improve life on our planet.

The company's (patented and patent-pending) IP delivers one of the highest energy yields (electricity at sub-5 cents per kWh, and diesel fuel profitable at $25 a barrel oil without government subsidies), from a broad range of carbon-bearing inputs (forestry, agricultural, and urban waste including municipal solid waste and plastics), with one of the lowest capital expenditures of any known energy production method. Literally, Garbage-To-Gas.

XFuels offers a range of low cost attractive modular systems via its hydrocarbon bio refinery platform (the XRefinery), which produce low cost electricity and advanced petroleum-equivalent fuels and chemicals in partnership with select small to mid-size industrial energy users (info@xfuels.com) in target markets.

Clean Petroleum chemicals and fuels have the same molecular composition as traditional petroleum, offer premium performance with NEAR-ZERO environmental footprint, and face very few hurdles to full market penetration in today's existing petroleum vehicle fleet and distribution infrastructure.

For more information on XFuels Inc. please see www.xfuels.com

Safe Harbor

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of W2 Energy, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond W2 Energy, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in W2 Energy, Inc.'s filings with the Securities and Exchange Commission.

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