Sounds like KEPI is moving forward with income. Profit is the next question and it impact on the share price.
WARWICK, RI--(Marketwire - 10/19/10) - Clean Energy and Power, Inc. (Pinksheets:KEPI - News) (www.cleanenergyandpower.com) announced today that it has completed construction and deployment of its initial solar project in the Czech Republic.
Dennis Shen, President of Clean Energy and Power said, "I am very happy with our installation in the Czech Republic. Construction went smoother than first anticipated and the site is currently up and running and generating electricity which is being fed into the power grid. We will continue further testing with the grid and once certification is completed we will update everyone with the results."
Erwin Vahlsing, CEO of Clean Energy and Power, went on to comment, "this is exciting news for us and our shareholders and our next step will be to begin reporting revenue. Mr. Shen just returned from the Czech Republic and will be posting photos on Clean Energy and Power's web site so that our shareholders can see for themselves the progress being made. Additional updates will be forthcoming."
In other company news, the audit is in its final stages and while we have anticipated the filings in the past and missed the projected dates, we should be posting the filings to the SEC's Edgar database before the end of the month. This has been a more complicated process due to the changes in management and the relocation of records which has led to added work verifying the activities of the past few years.
