Market Alert: CLTH Is on the Move!
2008-07-16 07:33:00
Market Alert: CLTH Is on the Move!
NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Press Wire.
MIAMI, FL–(EMWNews – July 16, 2008) – Wall Street Press Wire’s
(www.WallStreetPressWire.com) “stocks on the move” for Wednesday includes:
CleanTech Biofuels, Inc. (
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With major breaking news just released, Wall Street Press Wire is
continuing its in-depth coverage of CleanTech Biofuels, Inc. (
a development stage company with technology capable of converting municipal
solid waste into ethanol.
Tuesday after the markets closed, the company issued an important press
release announcing the signing of an agreement with Biomass North America
Licensing, Inc. to acquire the company via merger.
This news should be welcomed by the company and its investors! Biomass
North America Licensing, Inc. owns the rights to use a proprietary and
patent pending technology for the production of cellulosic biomass from
municipal solid waste in the United States and Canada. CleanTech will
issue the shareholders of Biomass North America, 2,000,000 shares of its
common stock at Closing and an additional 4,000,000 shares of its common
stock upon commencing a commercial development using the technology.
The agreement provides for the development of a commercial site using the
licensed technology at a transfer station currently operating in Chicago,
Illinois. The proposed site for the commercial development is owned by a
principal shareholder of Biomass North America.
This acquisition will complement CleanTech’s existing Pressurized Steam
Classification Technology for the production of fuel ethanol, and is
expected to enable the Company to enter the additional business line for
the production of renewable electricity from municipal solid waste.
The Biomass North America technology is currently being operated at a
commercial plant in Australia where the cellulosic biomass produced from
municipal solid waste is being utilized as a soil amendment. Ed Hennessey,
CEO of CleanTech Biofuels, Inc., stated: “We are very pleased to acquire
this new technology and anticipate moving quickly to deploy it in a
commercial setting for the production of renewable energy.”
CleanTech Biofuels, Inc. is a development stage company with technology
capable of converting municipal solid waste into ethanol. By using the
existing infrastructure for municipal solid waste collection and disposal
to collect biomass at negative feedstock cost, the Company expects to
achieve profitability quickly relative to other ethanol producers who must
develop their infrastructure to collect and transport more expensive
feedstocks such as sugar cane, corn or even switch grass, wood waste, or
corn stover.
Wall Street Press Wire’s in-depth profile for CleanTech Biofuels is
available at:
http://www.wallstreetnewsalert.com/HotStocks/CLTH071508/default.aspx.
The stock closed Tuesday at $1.00 a share.
Evergreen Solar, Inc. (
traded.
Evergreen Solar, Inc. develops, manufactures and markets solar power
products for residential and commercial applications globally.
LDK Solar Co. Ltd. (
LDK Solar is a leading manufacturer of multicrystalline solar wafers, which
are the principal raw material used to produce solar cells. LDK Solar sells
multicrystalline and mono-crystalline wafers globally to manufacturers of
photovoltaic products, including solar cells and solar modules.
Gilead Sciences, Inc. (
Gilead Sciences is a biopharmaceutical company that discovers, develops and
commercializes innovative therapeutics in areas of unmet medical need.
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CleanTech Biofuels, Inc. (
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