SOURCE: W2 Energy Inc.

January 24, 2008 12:08 ET

W2 Energy Inc. to Cancel 6,590,000 Shares

NEW YORK, NY--(Marketwire - January 24, 2008) - W2 Energy Inc. (PINKSHEETS: WWEN) (FRANKFURT: WJD), a producer of Green Energy, is pleased to announce it is cancelling 6,590,000 shares of its common stock. The stock was surrendered to W2 Energy from the outstanding public float in exchange for preferred shares of the company. There is no market for the preferred stock of W2 Energy Inc.

About W2 Energy Inc.

W2 Energy Inc. is a growing, publicly traded company on the OTC (Symbol WWEN) and FRANKFURT (Symbol WJD) that develops renewable energy technologies and applies it to new generation electrical power systems. Specifically, W2 Energy Inc. produces Green Power utilizing its core-patented technologies to produce green power generating and clean transportation fuel plants utilizing biomass and GTL technologies. W2 Energy Inc. has seasoned management and cutting edge technology. W2 Energy Inc. owns a large technology portfolio that has been extensively validated and ready for commercial production.

Safe Harbor for Forward-Looking Statements: Except for historical information contained herein, statements are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in the future periods to differ materially from forecasted projections. These risks and uncertainties include, among other things, energy market volatility, product demand, market competition, and risk inherent to the company's research and development operations.

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