Clean Energy and Power, Inc. Launches Renewable Energy Bio Fuels Division

Business News/Analysis, Rhode Island

November 22, 2010

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(MarketWire) Company Is in Final Negotiations With a Strategic Partner

Clean Energy and Power, Inc. announced that management has decided to launch a new division focusing on renewable energy developed from non-edible feedstock. This decision comes after several months of reviewing the various bio fuel opportunities and market demands.

In the coming days, the Company will be announcing its selection of the feedstock and the agreement with a strategic partner that will help lead our entry into this high growth, high profit market segment.

Dennis Shen, President of Clean Energy and Power, said today, “My earlier experience in developing an economical method for generating bio fuel from Algae at Biocentric Algae, has led me to continue my research into non-edible feedstock that will be even more economical than algae and yield greater amounts of bio fuel over shorter periods of time. Therefore while the company continues to build out its Eastern European solar projects, our plan is to launch this new renewable bio fuel division that will generate a new sustainable revenue model.”

“In keeping with our business growth strategy, we continue to search out feasible opportunities that can quickly generate profitable revenue streams for the Company while maintaining our focus in the clean energy sectors,” stated Erwin Vahlsing, Jr., CEO of Clean Energy and Power. “Mr. Shen’s experience and qualifications have helped us enormously as we make determinations of which projects to pursue. We are excited at the prospect of a bio fuel that does not utilize edible feedstock.” READ MORE

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