Clean Coal Technologies Signs Strategic Consulting Agreement
Aug 17, 2010 04:00:31 (ET)
CORAL SPRINGS, FL, Aug 17, 2010 (MARKETWIRE via COMTEX) -- Clean Coal Technologies, Inc., CCTI (PINKSHEETS: CCTC), a clean energy technology company, announced today that it has signed a consulting agreement with MMB Global Advisors ("MMB").
MMB will provide various strategic consulting services, including redefining CCTI's global corporate structure, and re-aligning the Company to attract key personnel while facilitating the development of strategic partnerships and alliances. MMB will also assist the Company to create financial models and joint venture structures, and develop new global client relationships predicated on the commercialization of CCTI's products and technologies.
MMB's associates based in New Delhi, Beijing, Hong Kong, and New York, have considerable expertise and relationships in the energy, mining and finance sectors and have a broad range of applicable skills, including consulting, trading, mergers and acquisitions, corporate finance, capital market and investment management with blue-chip corporations in the world's energy sectors, and the financial markets of New York, London and Hong Kong.
Robin Eves, CCTI Chief Executive Officer and member of the Board of Directors of the Company, says, "Our company is very pleased to have this consulting agreement with MMB, which I am confident will help CCTI's efforts in commercializing our technology within India, China, and other targeted countries. Given the strategic importance of coal as the primary fuel source for Asia's growing energy needs, coupled with increasing international environmental concerns, we believe CCTI's technology provides a compelling solution, which when combined with MMB's resources, will establish CCTI as the industry leader in the rapid growth markets of Asia."
Matters discussed in this press release contain forward-looking statements. Investors are cautioned that such forward-looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are not limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks.
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