Guatemala, July 16, 2010 – Earlier this month, World Energy Holdings announced its plans of becoming a publicly traded company on the Frankfurt Exchange (Deutsche Borse). The company has started the process of consolidating all assets to make this transition.
NOTE: WEH has engaged a team of expert advisors to prepare the comprehensive prospectus required to enable WEH shares to be offered to the public (Prospectus). No shares will be offered to the public until the Prospectus has been issued. The detailed information contained in the Prospectus will supersede any statements contained in this press release.
While World Energy Holdings has several subsidiaries, one of the most notable is World Energy Research (WER). WER has significant assets in place throughout the world, mostly in the energy sector. The first attachment of assets to WEH will be the Motagua Oil Refinery, with a debt free equity of over $100 million USD.
The Motagua Oil Refinery's engineering partner,
Ventech Engineers (http://www.ventech-eng.com/), has been working tirelessly, delivering superior experience and skill in drafting a comprehensive analysis report. This report details the beneficial possibilities of this project, and that it can be operational in as little as 18 months. When modifications are complete, the refinery will be capable of refining up to 200,000 barrels of oil per day. WEH assures that Motagua’s refinery will be one of the world’s cleanest, let alone the largest in Central America.
The assignment of assets will continue as WEH goes public. As WEH moves forward, the company is adding multiple manufacturing facilities, land rights, technologies, and projects worldwide, making WER/WEH one of the most prominent names in the energy sector.