HOUSTON, TX, May 5, 2014 /PRNewswire/ - Well Power, Inc. (OTCQB: WPWR),- (The Company), is pleased to announce that the Company's Micro-Refinery Technology and Development Live Webinar held on May 1, 2014 was successfully conducted by the Company's CEO and Director Cristian Neagoe. The webinar was broadcast live from the Micro-Refinery Unit's ("MRU") research and development labs at Ecole Polytechnique de Montreal.
Joining Dr. Neagoe was Professor Gregory Patience, CTO and Director of ME Resource Corp., a recognized authority on catalysis, catalyst design, and fluid-bed reactors. Professor Patience and Dr. Neagoe gave a tour of their lab, which included a demonstration of the novel technology at a lab scale.
Following the tour of the laboratory at Ecole Polytechnique de Montreal, Brad Barton, P.Eng, Operations Manager of ME Resource Corp., joined the other panelist from his offices in Calgary. Mr. Barton continued the discussion with operational considerations of the MRU, as well as the changing regulatory environment. Mr. Barton emphasized the modular and mobile aspects of the MRU as well as the positive economics of the deployment and implementation of the MRU as a solution to wasted gas and as a temporary tie-in solution for gas awaiting pipeline infrastructure.
Due to the strong participation in this previous webinar Well Power Inc. will be holding a second webinar in the coming weeks. Those interested can sign-up on our website www.wellpowerinc.com and will be contacted via email with further details. A link to the webinar held on May 1, 2014 can also be found on our website or viewed at http://youtu.be/HqykVAEkVfM.
For more information on the Company please visit our website at www.wellpowerinc.com.
About Well Power, Inc. (the "Company")
The Company has acquired an exclusive license from MEC, a Canadian publicly listed company that is developing mobile and scalable Wellhead Micro-Refinery Units (MRUs) deployable close to the wellhead to process raw natural gas into liquid fuels and clean power. As a result of the License Agreement, the Company is now a development stage company seeking to commence the new business of distributing MRUs in the State of Texas and from there into other geographical areas.
The Company is looking to position itself as a technology company, which will provide oil and gas producers and operators a solution to process otherwise wasted natural gas, including stranded, shut-in, flared and vented gas and produce valued end-products including Engineered FuelTM (diesel, diluents, synthetic crude) and electrical power.
For more information about the Company please visit our website at www.wellpowerinc.com
Further information on the Company and its filings can be found at www.sec.gov
Forward Looking Statements
Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Well Power, Inc., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Well Power, Inc., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
SOURCE Wellpower inc.