W2 Energy and W2H Luxembourg Holdings SA Sign Joint Venture Agreement With Malaysian Based Ecobound SDN BHD

GUELPH, Ontario, Nov. 15, 2012 /PRNewswire/ -- W2 Energy Inc. (OTC: WTWO) is pleased to announce the signing of a Joint Venture Agreement between W2 Energy, its European JV partner W2H Luxembourg Holdings SA and Malaysian based Ecobound SDN BHD.

Ecobound SDN BHD with locations in the UAE, Indonesia and Malaysia is focused on ecological based technology solutions and inventions that not only maintain the ecological balance, but further solve the various problems of ecological entropy or disorder of the environment. Their emphasis is on ecological fuel production systems.

The Joint Venture calls for the finance, development and implementation of W2H and W2 Energy technologies and products. An initial order for $500,000 has been placed and invoiced through a signed Purchase Agreement. The initial order includes seven 600 HP prototype steam ray rotary combustion engines and a CWS demo unit comprising of a 1500 kg/hour Grinder Module, NT Plasmatron Module, Syngas Processing Module and a 300 kw Generation Module. The demo unit will be utilized for presentations and feedstock testing.

Michael McLaren, CEO of W2 Energy, stated, "We are extremely excited with our new Joint Venture partnership with Ecobound SDN BHD. After several rounds of discussions followed by our meeting in Austria last month, we are confident that Ecobound possesses the ability to fund the development of our technologies while launching our products on a global level."

About W2 Energy:

W2 Energy Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy's plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt. W2 Energy Inc. has seasoned management, cutting edge technology and owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production.

For more information on W2 Energy please see: www.w2energy.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.

For further information please contact:
W2 Energy Public Relations and Shareholder Information

Mr. Joseph Vazquez
Phone: (754) 204-4549

Email: [email protected]

SOURCE W2 Energy Inc.