SOURCE: W2 Energy, Inc.

W2 Energy, Inc.

May 05, 2011 09:34 ET

W2 Energy Purchases 30,000 Square Foot Facility

GUELPH, ON--(Marketwire - May 5, 2011) - W2 Energy, Inc. (PINKSHEETS: WTWO) is pleased to announce that it purchased 345 Woodlawn Road West in Guelph, Ontario. This property contains a 30,000 square foot, single floor office/factory space as well as seven acres of land.

The company has purchased the facility for $1.15 Million which will be financed through a combination of private capital and vendor financing.

Among other projects, W2 Energy intends to create our showcase pilot plant as well as greenhouses to house our algae bioreactors on the seven acres.

This is a significant advancement for W2 Energy as its previous factory space at 335 Woodlawn Road West had 20,000 square feet and no land.

The property also contains the rights to build an additional 5,500 square feet of office space.

W2 Energy has already begun moving out of 335 Woodlawn Road West and will be completely installed in its new factory space by the end of May.

"Our new factory space is big enough to build our NT Plasmatron reactors, SunFilters, Solar Bugs, SteamRay engines and our AquaTurbines," says Mike McLaren, President and CEO of W2 Energy. "Our seven acres of outdoor space will allow us to deploy multiple SunFilter algae bioreactors and begin to produce our algae product on a commercial scale right in our own backyard. We are all very excited to finally have the space to grow and a place to deploy our technology."

W2 Energy trades in the United States on the OTC market under the symbol "WTWO."
For further information, please contact Mike McLaren at (519) 341 4776 or go to 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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