Replies to post #30865 on NewStream Energy Technologies Group Inc (NSGP)

[Cburg]

Eves Responds!

NEW YORK, NY--(Marketwire -06/05/12)- Clean Coal Technologies, Inc. (CCTC) (CCTC), an emerging cleaner-energy company utilizing patented technology to convert raw coal into a cleaner burning fuel, has been named in a civil complaint filed by the Securities and Exchange Commission following an investigation regarding a former Clean Coal executive.
In a June 4, 2012 civil complaint, the SEC charged former Clean Coal CEO and President Douglas Hague with involvement in two stock kickback schemes in the summer of 2009. Although Clean Coal also was charged in the civil complaint, Mr. Hague has not been employed by Clean Coal since April 2011 and none of the current executive management team served under Mr. Hague in 2009. Mr. Hague also has been charged in a criminal conspiracy to commit securities fraud in that time period.
"Clean Coal Technologies is fully supportive of the government's desire to clean-up a part of the publicly traded market," stated Robin Eves, Director, President and CEO of Clean Coal Technologies, Inc. "We intend to provide the investigatory agencies with any relevant information requested. It is our commitment to maintain strong corporate governance and transparency."