Cleantech Transit, Inc. (CLNO)
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.

Thousands of large and small U.S. power plants use biomass fuels to produce more than 7700 MW of electricity. Wood waste is one of the most abundant, cost-competitive, and environmentally friendly biomass resources. The most cost-effective wood sources are residues from manufacturing and wood waste otherwise destined for landfills. Manufacturers generate an enormous amount of waste residue in the process of making products such as lumber, furniture, pallets, and paper. In general, less than 50 percent of the tree ends up in a final product, and the balance represents a vast underutilized resource. With rising fossil fuel prices and growing environmental concerns, biomass energy systems are reclaiming their positions in schools, factories, military bases, and community energy plants. Biomass recently surpassed hydropower as the nation's leading source of renewable energy and now accounts for more than half of all renewable energy used in the United States. Energy plants that use wood waste to produce heat and electricity make by far the greatest contribution to the total.





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