With over 2.3 million shares traded, Well Power Inc. (OTCQB: WPWR) is up as much as 12.5% intraday. This is in less than three hours of trading. Normal volume is fractionally over one million shares daily.
While this does not recover even some recent highs from last month, it does seem to indicate that the stock has come off of its recent low of $0.0873. It’s up as much as 34% from that number in today’s trading. In the past shares for WPWR have shown breakouts after major dips. Once happened in February and one happened in May.
The Company issued news today:
Well Power Inc. to host second webinar on proprietory micro-refinery technology
Well Power, Inc. (OTCQB: WPWR),- (The Company), is pleased to announce that the Company, in collaboration with ME Resource Corp. (“MEC”), will host its second live webinar during the week of July 28th, 2014. After the strong participation in Well Power Inc’s initial live webinar for the oil and gas industry, the Company now invites shareholders and those individual interested in learning more about the novel technology behind the licensed Micro-Refinery Unit (“MRU”) to register for the upcoming webinar. The proprietary mobile technology, which, once successfully developed, will process wasted raw natural gas, including shut-in and flared gas, into Engineered FuelsTM and electric power.
Professor Gregory Patience, Director and Chief Technology Officer of MEC, will lead the presentation of the MRU. Professor Patience has been with the Department of Chemical Engineering at École Polytechnique de Montréal since 2004. At the University he has established a research and development lab for catalysis, catalyst design and fluid-bed reactors. Professor Patience has gained an international reputation collaborating with researchers across North America and Europe. He chaired the industrial program of the World Congress of Chemical Engineering (2009) and co-chaired international conferences in Burundi and Africa on sustainable development and fighting malaria – a project he initiated in 2010.
Dr. Christian Neagoe, Director and CEO of Well Power Inc., will join Professor Patience to discuss the current development and progress of the MRU. Dr. Christian Neagoe is a PH.D. in Theoretical Chemistry and has received a Chemical Engineering degree from École Polytechnique de Montréal, where Dr. Neagoe has been a research associate since 2011.
Dr. Neagoe specializes in the design of industrial processes. Specific industrial processes include sizing reactors, distillation and extraction columns, heat exchangers and pumps, as well as mass and energy balance and energy optimisation.
To register for this webinar please visit the Company’s website at www.wellpowerinc.com and sign-up with your email address. Specific log-in instructions, date and time will be sent to participants upon sign-up.
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.