NEWS -
REGINA, Saskatchewan, Feb. 3, 2011 /PRNewswire via COMTEX/ -- Clean Power Concepts Inc. (OTC Bulletin Board: CPOW | PowerRating), today announced:
We have executed a letter of intent to acquire the assets of Alabama Bio Energy LLC, and its subsidiary Eagle Bio Diesel Inc. of Bridgeport, Alabama. Its founder and CEO, Dr. William J. Freeman, MD, has agreed to join the board of directors of Clean Power Concepts Inc., and becomes President of the General Bio Health division of Clean Power.
The Bridgeport facility has a current production capacity of 100 million liters of biodiesel annually from a variety of feedstock.
The closing date is March 15, 2011.
"We have worked with Dr. Freeman as a supplier, and we are very pleased to welcome Bill to the team, and we are excited for the prospects for Clean Power in Alabama and area," said Michael Shenher CEO of Clean Power Concepts Inc.
About Dr. William J. Freeman:
Dr. William J. Freeman, MD, is a University of Washington (Seattle) graduate and holds an MD degree from Johns Hopkins, as well as several years of postgraduate residency at Johns Hopkins Hospital in Baltimore. He is a Board Certified Otolaryngologist-Head & Neck Surgeon, and also a practicing Allergist. He designed, initiated, constructed, licensed, syndicated, and managed a total of 9 different multi-specialty freestanding surgical centers spread across states. He is a graduate of the Brooks Air Force School of Aerospace medicine and was an astronaut candidate. He is a land and sea rated pilot, including rating in the F-4 Phantom jet fighter and former flight surgeon.
Clean Power Concepts Inc. are producers of Canola Oil, Canola Feed Meal, biodiesel, eco-lubricants, and nutraceuticals. The Company manufactures and markets products under CLEAN POWER(R), SPIRIT OF HEALTH. For more information
www.cleanpowerconcepts.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
This release includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2011 and beyond could differ materially from the Company's current expectations.
Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events. Factors that could cause the Company's results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company's products and services, the frequency, magnitude and timing of raw-material-price changes, general business and economic conditions beyond the Company's control, timing of the completion and integration of acquisitions, the consequences of competitive factors in the marketplace including the ability to attract and retain customers. Additional information concerning factors that could cause actual results to differ materially from those projected is contained in the Company's filing with The Securities and Exchange Commission, including its report on Form 10-K for the year ended April 30, 2010. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information since these statements may no longer be accurate or timely.
SOURCE Clean Power Concepts Inc.
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