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Clear-Lite Holdings, Inc.(fka CLRH)

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09/15/10 (Link Dead)

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ClearLite® Signs Multi-Year, Multi-Million Dollar Agreement with InStore Group to Provide Logistics in Canada for ClearLite’s Lighting Products
April 15, 2010 - Business Wire
Form (Filer)  Received ( Period
8-K CLEAR-LITE HOLDINGS, INC.  05/06/11 (05/06/11) 
8-K CLEAR-LITE HOLDINGS, INC.  05/02/11 (04/27/11) 
10-K/A CLEAR-LITE HOLDINGS, INC.  04/18/11 (12/31/10) 
10-Q CLEAR-LITE HOLDINGS, INC.  03/22/11 (01/31/11) 
8-K CLEAR-LITE HOLDINGS, INC.  03/22/11 (03/21/11) 
10-K/A CLEAR-LITE HOLDINGS, INC.  03/27/11 (07/31/10) 
NT 10-Q CLEAR-LITE HOLDINGS, INC.  03/17/11 (01/31/11) 
8-K CLEAR-LITE HOLDINGS, INC.  02/23/11 (02/17/11) 
8-K CLEAR-LITE HOLDINGS, INC.  02/09/11 (02/04/11) 
10-K/A CLEAR-LITE HOLDINGS, INC.  02/02/11 (07/31/10) 
10-Q CLEAR-LITE HOLDINGS, INC.  01/19/11 (10/31/10) 
8-K CLEAR-LITE HOLDINGS, INC.  01/12/11 (12/31/10) 
NT 10-Q CLEAR-LITE HOLDINGS, INC.  12/15/10 (10/31/10) 
10-K CLEAR-LITE HOLDINGS, INC.  11/15/10 (07/31/10) 
NT 10-K CLEAR-LITE HOLDINGS, INC.  10/29/10 (07/31/10) 


Media Center

This is the home of resource information for representatives of the media. Here you'll find information about ClearLite® including press releases, videos, company overview and more.

If you would like to publish an article concerning one of our products, our Media Team can assist you providing you with written information as well as high-resolution images suitable for print.

For all media inquiries, please contact us via email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Your request will be routed to the appropriate person and returned promptly. And if you are a representative from the media and cannot find the information you're looking for on our site, you can also call our media team directly at 1-800-514-5500.

Consumer inquiries should contact our customer service department at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

Financial analysts, please contact us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

For solicitations, sponsorships, donation requests or similar inquiries regarding doing business with our company, please submit your proposal to:


Please keep in mind that all posts are opinion only. Moderators are not responsible for any investment decisions made by you. Please do your own DD!  



Mercury-free compact fluorescent lighting (CFL) from ClearLite® helps you save energy, save money and even save the environment.
  Glare-free, full-spectrum lighting with OPTICOLOR Technology®   Earth friendly  Liquid mercury free
Help Stop Global Warming


On May 1, 2011, Milton C. Ault, III resigned from his respective positions as Board Member, Chairman of the Board of Directors, Chief Executive Officer, and President of Clear-Lite Holdings, Inc. (the "Company"). His resignation was not the result of any disagreements with the Company on any matters relating to the Company's operations, policies (including accounting or financial policies) or practices. A copy of Mr. Ault's resignation letter is attached hereto as Exhibit 99.1 and incorporated herein in its entirety by reference.

In connection with his departure, the Company has agreed to indemnify Mr. Ault for his actions during the time he served as an officer and director of the Company.

Appointment of Chairman of the Board of Directors, President, and Chief Executive Officer

On May 1, 2011, the board of directors of the Company appointed Michael Edwards as a member of the Board of Directors and as the Company's Chairman of the Board of Directors, President and Chief Executive Officer.

The Company is preparing an employment contract with Mr. Edwards to define the terms and conditions of the agreement. The contract and terms and conditions will be released in an 8-K to be submitted within the next 30 days. 

Welcome to ClearLite
President and CEO Michael Edwards (according to most recent 8-K)




Phone: 1-800-514-5500begin_of_the_skype_highlighting               1-800-514-5500       end_of_the_skype_highlighting

Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Customer Support
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Investor Relations
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Media Relations

The ClearLite Mission

In 2005, Tom Irvine and Lisa Niedermeyer wanted to make a big impact on the way people live their lives-an impact that would improve the quality of life for thousands of people while working to protect the planet they love.

They weren't satisfied with just going into the eco-safe light bulb business. They wanted to create a compact fluorescent lighting (CFL) product that shines the natural lighting people want. And unlike other CFLs, they wanted to make their products safer for people as well as the environment.

Together the two founded ClearLite®, a world leader in innovative, environmentally friendly compact fluorescent lighting products.

Only ClearLite compact fluorescent lights use premium, earth-friendly components such as lead-free ECO bases and an amalgam alloy that replaces liquid mercury you'll find in many other CFLs. You'll also find that every product in our line today is designed to meet strict RoHS standards (Reduction of Hazardous Substances) and all of our current CFLs are ENERGY STAR® qualified.

Today, tens of thousands of people enjoy the warm natural glow of energy-saving and money-saving ClearLite® products to light their homes and businesses.

To help reduce carbon emission and save money on energy, take a look at the full line of ClearLite's products.

To learn more about how you can help Tom and Lisa with their mission and make an investment in a cleaner world, click here.


Look at the distributors:

ClearLite Products Are Available at:

Share Structure
154,517,684 OS


Clear-Lite Holdings, Inc. and Subsidiary
Consolidated Balance Sheets
January 31, 2011
July 31, 2010
  $ 394     $ 3,148  
Prepaid expenses
    -       27,913  
Total Current Assets
    394       31,061  
Equipment - net
    10,626       11,726  
Debt issue costs - net
    -       5,216  
Total Assets
  $ 11,020     $ 48,003  
Liabilities and Stockholders' Deficit
Accounts payable and accrued expenses
  $ 669,646     $ 211,411  
Loans payable - related parties
    58,085       18,388  
Demand loans
    96,000       -  
Convertible note payable - net of debt discount
    547,628       658,930  
Accrued interest payable
    15,197       5,600  
Derivative liabilities
    1,764,305       2,298,159  
Total Current Liabilities
    3,150,861       3,192,488  
Stockholders' Deficit:
Preferred Stock, $0.001 par value, 5,000,000 shares authorized,
      no shares issued or outstanding
    -       -  
Common stock, $0.001 par value, 195,000,000 shares authorized,
     114,605,194 and 72,000,741 shares issued and outstanding, respectively
    114,605       72,000  
Additional paid in capital
    27,956,310       27,238,020  
Accumulated deficit
    (31,210,756 )     (30,454,505 )
Total Stockholders' Deficit
    (3,139,841 )     (3,144,485 )
Total Liabilities and Stockholders' Deficit
  $ 11,020     $ 48,003  
See accompanying notes to consolidated financial statements

Clear-Lite Holdings, Inc. and Subsidiary
Consolidated Statements of Operations
Three Months Ended
Six Months Ended
January 31, 2011
January 31, 2010
January 31, 2011
January 31, 2010
  $ -     $ 152,821     $ -     $ 457,934  
Cost of sales
    -       119,832       -       338,585  
Gross profit
    -       32,989       -       119,349  
General and administrative expenses
    239,166       3,237,828       653,889       9,103,878  
Loss from operations
    (239,166 )     (3,204,839 )     (653,889 )     (8,984,529 )
Other income (expense) - net
Other income
    -       710       -       13,270  
Interest expense
    (102,406 )     (557,617 )     (208,587 )     (729,720 )
Change in fair value of derivative liability
    (678,301 )     4,707,922       180,564       2,596,900  
Derivative expense
    -       (1,012,770 )     (74,339 )     (11,228,987 )
  Total other income (expense) - net
    (780,707 )     3,138,245       (102,362 )     (9,348,537 )
Net loss
  $ (1,019,873 )   $ (66,594 )   $ (756,251 )   $ (18,333,066 )
Net loss per Common Share - Basic and Diluted
  $ (0.01 )   $ (0.00 )   $ (0.01 )   $ (0.33 )
Weighted Average Number of Common Shares Outstanding
         Basic and Diluted
      89,667,760       55,450,506  


See accompanying notes to consolidated financial statements


Clear-Lite Holdings, Inc. and Subsidiary
Consolidated Statements of Cash Flows
Six Months Ended
January 31, 2011
January 31, 2010
Net income (loss)
  $ (756,251 )   $ (18,333,066 )
  Adjustments to reconcile net income (loss) to net cash used in operating activities:
    1,100       453  
       Amortization of debt issue costs
    5,216       18,564  
       Amortization of debt discount
    193,764       711,155  
       Stock issued for services
    18,200       5,311,000  
       Warrants issued for services
    -       2,852,383  
       Change in fair value of derivative liability
    (180,564 )     (2,596,900 )
       Derivative expense
    74,339       11,228,987  
Changes in operating assets and liabilities:
  Increase (Decrease) in:
    Accounts receivable
    -       (643 )
    Prepaid expenses
    27,913       (14,691 )
  Increase  in:
    Accounts payable and accrued expenses
    458,235       (3,652 )
    Accrued interest payable
    9,597       (710 )
         Net Cash Used in Operating Activities
    (148,451 )     (827,120 )
Purchase of equipment
    -       (13,277 )
         Net Cash Used in Investing Activities
    -       (13,277 )
Net Proceeds from  loans payable - related parties
    39,697       20,000  
Repayments of loans payable - related parties
    -       (12,121 )
Payment of debt issue costs in cash
    -       (60,000 )
Repayment of convertible note with embedded derivative
    -       (100,000 )
Proceeds from issuance of convertible notes
    106,000       910,000  
        Net Cash Provided By Financing Activities
    145,697       757,879  
Net Decrease in Cash
    (2,754 )     (82,518 )
Cash  - Beginning of Period
    3,148       83,587  
Cash  - End of Period
  $ 394     $ 1,069  
Cash Paid During the Period for:
    Income taxes
  $ -     $ -  
  $ -     $ -  
Debt discount recorded on convertible notes
  $ 106,000     $ 910,000  
Original issue discount
  $ -     $ 182,000  
Issuance of stock for future services
  $ -     $ 599,500  
Conversion of debt to common stock
  $ 209,066     $ -  
Reclassification of convertible notes to demand notes
  $ 122,000     $ -  
Reclassification of derivative liability to additional paid in capital
  $ 533,629     $ 1,429,545  
See accompanying notes to consolidated financial statements


Clear-Lite Holdings, Inc. and Subsidiary
Notes to Consolidated Financial Statements
January 31, 2011
Note 1 Nature of Operations and Basis of Presentation
The Company sells energy saving and environmentally friendly lighting products. The Company utilizes the services of multiple third party manufacturers to produce the Company's product line.  
Basis of Presentation
The accompanying unaudited consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America. The preparation of these financial statements requires management to make estimates and judgments that may affect the amounts reported in its consolidated financial statements and accompanying notes.  Actual results may differ from these estimates under different assumptions or conditions.
The financial information as of July 31, 2010 is derived from the audited consolidated financial statements presented in the Company's Annual Report on Form 10-K for the year ended July 31, 2010.  Certain information or footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission for interim financial reporting. In the opinion of management, the accompanying unaudited consolidated financial statements include all adjustments necessary (which are of a normal and recurring nature) for the fair statement of the results of the interim periods presented. The accompanying unaudited consolidated financial statements should be read in conjunction with the Company's audited financial statements for the year ended July 31, 2010 and 2009, as presented in the Company's Annual Report on Form 10-K. Operating results for the three and six months ended January 31, 2011 are not necessarily indicative of the results that may be expected for the entire fiscal year ending July 31, 2011.
Note 2 Summary of Significant Accounting Policies
Principles of Consolidation
All significant intercompany accounts and transactions have been eliminated in consolidation.
Use of Estimates
The preparation of these unaudited consolidated financial statements in conformity with generally accepted accounting principles in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The Company regularly evaluates estimates and assumptions related to valuation allowances on accounts receivable and valuation allowances on deferred income taxes. The Company bases its estimates and assumptions on current facts, historical experience and various other factors that it believes to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities and the accrual of costs and expenses that are not readily apparent from other sources. The actual results experienced by the Company may differ materially and adversely from the Company's estimates. To the extent there are material differences between the estimates and the actual results, future results of operations could be affected.

Disclosure The Wave Team

The Wave Team are all non-paid non-professionals with many years of activity in both short and long term investments. The stocks offered by the wave team are simple suggestions based on extensive research and we remind all those that choose to buy to perform due diligence on each and every stock pick. All WAVE picks are geared towards medium & long term investors so place your buy based on a price that you perceive to be acceptable to your portfolio. Speed is not as critical on the buy as timing based on the L2 and the present price compared to growth potential. As a team we will strive to present the best companies the otcbb has to offer and in time will do the same on the other markets. Due to the volatility of the markets, we do not guarantee all stocks will grow as fast as others. We are a team of analysts, and unfortunately there is not a psychic present at this time.  While our picks may present many trading options quickly, it is our goal to find companies that are looking to increase shareholder from a long-term perspective.

Please make your decision to buy or not to buy based on information that you acquire thru your own due diligence.

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#1809   CLRH: (courtesy SCION) Renee 12/16/15 08:21:00 AM
#1808   CLRH revoked: Renee 10/07/14 09:34:28 AM
#1807   No surprise. No filings, SEC suspensions and going Muckrakin 07/16/14 07:53:15 PM
#1806   CLRH SEC Suspension: Renee 06/24/14 09:33:02 AM
#1805   Possibly the final nail in the coffin. Muckrakin 02/04/14 07:09:55 PM
#1804   Don't believe any rumors. This stock didn't have Muckrakin 08/27/13 11:50:49 PM
#1803   Anything to the rumors? Cattleman81 08/25/13 09:09:30 PM
#1802   hearing rumors. please PM me if you are vantillian 08/19/13 02:07:46 PM
#1801   Probably dumping. Muckrakin 04/29/13 10:33:55 PM
#1800   Lots of volume in this one today. Anyone Cattleman81 04/11/13 02:21:54 PM
#1799   Book em Danno. They need to put a Muckrakin 01/31/13 05:17:53 PM
#1798   Clear-Lite Nevada SoS Status Change: Revoked dannol48 01/31/13 10:03:12 AM
#1797   People need some Morals & Ethics here surfsup10 12/19/12 02:28:29 AM
#1796   Anyone notice this? Michael Edwards was CEO/President of Muckrakin 06/04/12 07:17:54 PM
#1795   Most likely that Michael Edwards will resign. He Muckrakin 04/11/12 11:22:15 PM
#1794   Still hold all my shares in this one! PennyFans 04/11/12 05:20:30 PM
#1792   needs a catalyst bud...just have to keep checking $b_rich$ 03/29/12 01:18:46 PM
#1791   Still holding, eventually someone will move into this HIFI 03/29/12 01:16:34 PM
#1790   Still nothing going on at the sos HIFI...long $b_rich$ 03/29/12 12:13:47 PM
#1789   The people in charge now of this are Muckrakin 03/27/12 04:57:57 PM
#1788   CLRH was a scam (Charles Payne) built on ounceoflogic 03/22/12 01:24:36 PM
#1787   Yep, too bad! hvnsangel67 03/14/12 04:23:47 PM
#1786   Looks like a big fat default on everything happened. Muckrakin 03/13/12 08:17:12 PM
#1785   No, I don’t believe in that, someone just HIFI 02/18/12 10:33:16 AM
#1784   An order for 911 shares at .001 occurred trading.jeff 02/17/12 11:59:01 AM
#1783   .02 to .10 with the share structure HIFI 02/17/12 10:39:28 AM
#1782   we'll def keep a close eye on it...with $b_rich$ 02/17/12 10:37:10 AM
#1781   That would be great $$,$$$ HIFI 02/17/12 10:35:15 AM
#1780   sos has resignation of officers...maybe they'll be reinstating $b_rich$ 02/17/12 10:28:31 AM
#1779   This stock already has pumpers on this board. Muckrakin 02/16/12 05:34:59 PM
#1778   how can this slug trade? alittle 02/09/12 05:26:36 PM
#1777   I'm very sorry Jeff. Please ignore the long Muckrakin 02/06/12 06:23:28 PM
#1776   It usually is quiet, but it won’t take HIFI 02/03/12 12:24:02 AM
#1775   It won’t take much to send this one trading.jeff 02/02/12 10:53:48 PM
#1774   Nice to see you here Jeff, slowly moving HIFI 02/02/12 10:49:59 PM
#1773   CLRH Picked some up earlier today. I'm thinking trading.jeff 02/02/12 02:19:48 PM
#1772   SEC Files CT ORDER on Clearlite-Corestream Document dannol48 01/27/12 11:38:35 AM
#1771   Oh course, thanks to certain people on this Muckrakin 01/14/12 04:11:06 PM
#1770   Shorts apparently saw that Default coming on Friday. dannol48 01/14/12 03:59:12 PM
#1769   Clear-Lite Nevada SoS Status Change: Default dannol48 01/14/12 01:35:14 PM
#1768   It would be nice to see the people HIFI 01/14/12 11:11:23 AM
#1767   Someone load every shares in the range 0.0006 Edgar2010 01/13/12 03:37:53 PM
#1766   agree HIFI...we could definitely use something to get $b_rich$ 01/10/12 09:50:43 AM
#1765   A new plan would get people interested in HIFI 01/10/12 09:46:56 AM
#1764   with the website now down...maybe they're getting ready $b_rich$ 01/10/12 12:29:42 AM
#1763   I don't recall direct sales off their website. dannol48 01/09/12 04:40:28 PM
#1762   That’s got to suck when you can’t get HIFI 01/09/12 02:50:27 PM
#1761   Isn't that how they mostly did business, through hvnsangel67 01/09/12 12:44:11 PM
#1760   Why is this stock still listed? ounceoflogic 01/09/12 10:49:31 AM
#1759   Clearlite website is gone. dannol48 01/09/12 07:06:01 AM