NewStream Energy Technologies Group Inc (NSGP)

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Respected reporter
I have no Idea why this reporter got the last two sentences of the article incorrect, nor can I speak for him. To say or imply that he is being less that truthful well, he does look like a respected member on the Indonesian today as a reporter. Along with other team members. NEWSROOM reporters, Yosef Ardi, Hans GN, Ferdi Hasiman, Haryanto Suharman, Teguh Hidayat, Hatman Bintang, Indra Budiari, Devie Nova

http://www.theindonesiatoday.com/the-team.html

And let’s not forget that the deal is with Archean and that was the primary focus of the article, but then again some people just want to put the spin on everything to cast doubt.

NEW YORK, Indonesia Today - Clean Coal Technologies, Inc. (CCTI) has received an investment ofUS$2 million from the Archean Group to develop its Pristine-M™ technology throughout the ASEAN region.

CCTI has issued a convertible debenture which will represent 6.7% of the outstanding shares of CCTI.

CCTI has entered into a binding terms of agreement for a joint venture with the Archean Group to develop, deploy and market CCTI’s Pristine M technology throughout the ASEAN region. It is anticipated that the joint venture company will be owned 55% by Archean and 45% by CCTI.

In exchange for a 55% ownership interest in the JV, Archean has committed to contribute US$4.0 million to the JV. Of this amount, it is anticipated that US$2.0 million will be used to fund the construction of a 1:10-scale pilot plant in Oklahoma.

The remaining US$2.0 million is a one-time license fee that will be payable to CCTI upon successful commissioning of the pilot plant.

In exchange for its 45% ownership interest in the JV, CCTI will contribute a 25-year exclusive license to develop market and deploy its Pristine M technology, covering the ASEAN countries, including Indonesia, the Philippines, Cambodia, Vietnam, Malaysia, Brunei, Thailand, Laos and Myanmar.