NewStream Energy Technologies Group Inc (NSGP)

[BULLISH_TRADER]

from PR on 17FEB2010

Clean Coal Technologies, Inc. Signs Memorandum of Understanding (MOU) with Tianjin Tianning Coal Traders, Co., Ltd. (TTCT)
Doug Hague, President and Chief Executive Officer, announced today that Clean Coal Technologies, Inc. (Pink Sheets:CCTC) has signed an MOU with TTCT under which TTCT will purchase a Technology Licensing Agreement for the construction of a clean coal facility in Inner Mongolia with an initial annual production capacity of 1.5 million metric tons.

The formal signing of the CCTI Technology Licensing Agreement is expected to take place in March, 2010, and will provide for CCTI to receive incremental license fees and royalties based on production. TTCT will be responsible for obtaining all necessary licenses, permits, coal reserves, and all construction-related costs.

Mr. Hague stated, “In addition to our existing joint venture agreement in Inner Mongolia, we are very pleased to have achieved this important milestone, which represents our first Technology Licensing Agreement in China, and provides the foundation upon which the Company will be well positioned to continue to capitalize on the enormous potential of the Chinese market, while avoiding significant capital commitments.”