TORONTO, Nov 06, 2008 (MARKET WIRE via COMTEX) -- W2 Energy Inc., a developer of green energy, is pleased to issue this corporate status update.
On May 8, 2008, the company announced that it expected $5,000,000 dollars in revenue before the year end of 2008. Although its joint venture partners have been making great strides in the development of its projects, to date the projects have not produced any revenue. W2 Energy continues to support and assist its joint venture partners in bringing these projects to fruition. Current economic conditions unfortunately have hindered the projects financially and financing that was previously available has been delayed indefinitely.
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