Cleantech Transit, Inc. (CLNO)

Cleantech Transit, Inc. is in the business of producing and conserving power. Cleantech Transit produces and sells clean electricity globally, with a focus on sustainable energies using renewable resources such as Geothermal, Solar and Wind. Cleantech Transit's goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy. Cleantech Transit, Inc. was founded in 2006 and is based in Scottsdale, Arizona.

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

The term "biomass" encompasses diverse fuels derived from timber, agriculture and food processing wastes or from fuel crops that are specifically grown or reserved for electricity generation. Biomass fuel can also include sewage sludge and animal manure. Some biomass fuels are derived from trees. Given the capacity of trees to regenerate, these fuels are considered renewable. Burning crop residues, sewage or manure - all wastes that are continually generated by society -- to generate electricity may offer environmental benefits in the form of preserving precious landfill space OR may be grown and harvested in ways that cause environmental harm.





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