Clean Power Concepts Inc. ("Clean Power") (OTC Bulletin Board: CPOW) today announced plans for expansion of its 'green energy' manufacturing business.
REGINA, Saskatchewan, PRNewswire-FirstCall/
Mr. Michael Shenher, CEO of Clean Power and GBE commented, “Now that we have become a publicly traded company, it’s our intention to aggressively move forward during the coming fiscal year, with expansion of our crushing capacity to a potential of 450 metric tonnes crushing capacity per day and improve and increase our refining capacity. We also plan to research acquisition of a U.S. based biodiesel operation to assist in meeting this production goal and to capitalize on a ‘blenders credit’ provided by the U.S. government. Clean Power is also investigating expansion within Canada to develop, or acquire, additional crushing facilities and biodiesel operations and is working on an initiative to develop camelina and canola oil refining with a view to producing bio jet fuel.”
Mr. Shenher continued, “Our status as a fully operational bio energy products supplier provides us with significant advantages. We know the business and know how to adapt to new opportunities and to changes in agricultural supply conditions. We know where we want to go and we know how to get there. Additionally – although this circumstance saddens us – current environmental concerns due the oil disaster occurring in the Gulf of Mexico will again shine a spotlight on the alternative energy market and we are working to be ready to meet that increase in demand.”
About Clean Power Concepts Inc.
Clean Power Concepts Inc. was incorporated in Nevada on October 17, 2005 and trades on the OTC-BB under the symbol CPOW. To implement expansion of our business in the environmentally friendly green energy industry we acquired 94.8% of General Bio Energy Inc. on April 29, 2010. GBE was incorporated in Saskatchewan, Canada on February 14, 2006 and operates a fully integrated commercial oilseed crushing, bio-diesel refinery, and environmental lubricants manufacturing and bottling, and nutraceutical and food processing plant in Regina, Saskatchewan. The current plant has a crush capacity of 19.7 million liters of crushed oil annually. Its biodiesel fuel processor can produce up to 20 million liters of biofuel and biofuel additives and the crushing system can produce nearly 32.8 thousand metric tonnes of meal and protein related products for agricultural and aquaculture feedstock annually. The plant is capable of specialty and toll crushing a wide variety of oil seeds. GBE’s primary brand is: ‘MOPO Environmental Lubricants’ and other key trade names include: ‘General Bio Health‘ and ‘Spirit of Health’, under which GBE manufactures, distributes, and retails essential oils, camelina, canola, flax, and hemp, in various formats including capsules, gourmet cooking oils, and skin care formulations.
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Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, constitute “forward-looking statements.” All statements, other than statements of historical fact, are forward-looking statements. The words “believe,” “expect,” “will,” “anticipate,” “contemplate,” “target,” “plan,” “continue,” “budget,” “may,” “intend,” “estimate,” “project” and similar expressions identify forward-looking statements. In this press release, the expressions:”… it’s our intention to aggressively move forward during the coming fiscal year, with expansion of our crushing capacity to a potential of 450 metric tonnes crushing capacity per day and improve and increase our refining capacity. We also plan to research acquisition of a U.S. based biodiesel operation to assist in meeting this production goal and to capitalize on a ‘blenders credit’ provided by the U.S. government. Clean Power is also investigating expansion within Canada to develop, or acquire, additional crushing facilities and biodiesel operations and is working on an initiative to develop camelina and canola oil refining with a view to producing bio jet fuel,” and “Our status as a fully operational bio energy products supplier provides us with significant advantages. We know the business and know how to adapt to new opportunities and to changes in agricultural supply conditions. We know where we want to go and we know how to get there. Additionally – although this circumstance saddens us – current environmental concerns due the oil disaster occurring in the Gulf of Mexico will again shine a spotlight on the alternative energy market and we are working to be ready to meet that increase in demand” are forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain cost adjustments and/or delays beyond the company’s control with respect to bio energy manufacturing operations, changes in the worldwide price of agricultural commodities, crude oil, and/or certain other commodities; regulatory, legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with bio energy manufacturing operations or development activities; employee relations; transportation logistics; and the unpredictability of risks involved in the newly developing bio energy industry. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE Clean Power Concepts Inc.
