Act Clean Technologies Inc. (fka ACLH)

[rdaub82]

I just spoke to Ares Ionidis, Director of Shareholder Relations, at ACT Clean Technologies. He was a very eager to share what he could about what was going on with the company and confirmed that contract negotiations were ongoing for the oil spill and that they were making progress every day, but that the process is very bureaucratic and slow, which is why nothing has been confirmed as of yet. But he said that APS has worked with BP as recently as 12 months ago on a project that cleaned oil sludge off some of their equioment, and that APS has been around for 20 years (most of that as a privately held company) and has a very strong reputation in the field. They own a number of patents, and they are no longer using subcontractors, to which he said they are looking to control their own destiny.

As for the stock, he believes it is extremely undervalued, and he is not even talking about the highs hit last week. He also said beyond the oil spill, they are looking to make some pretty big moves, including getting all the financial reporting data together because they plan to eventually move off the Pink Sheets and move to OTCBB.

He also said that putting out a press release is not their top priority at the moment, but their will be some substantial news "soon" that will go beyond the informational PRs they have put out over the past week.

That is about it. He said he likes it when the phone rings, so if you want to talk to him yourself, give him a call. Here is the link to the investor relations page on the ACT website:

http://www.actcleantech.com/investor.html