Clean Coal Technologies, Inc. Announces Agreement with Randall Business Development, Inc. to Develop US Market

Date : 03/08/2010 @ 6:00AM
Source : Business Wire
Stock : Clean Coal Technologies, Inc. (QB) (CCTC)
Quote : 0.0821  -0.01019 (-11.04%) @ 1:50PM

Clean Coal Technologies, Inc. Announces Agreement with Randall Business Development, Inc. to Develop US Market

Clean Coal Technologies, Inc. (USOTC:CCTC)
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Clean Coal Technologies, Inc. (Pink Sheets: CCTC), a clean energy technology company, announced today that it has signed a consulting agreement with Randall Business Development, Inc. (RBD) under which RBD will work with CCTI to target specific opportunities for the deployment of CCTI’s technology within the U.S. domestic market.

Randall Business Development, Inc. will augment CCTI’s core capabilities by leveraging its extensive experience in both the U.S. public and private sectors, which have realized some $30M of new projects, including extensive new job creation. RBD's experience within the U.S. Energy and Business Development Sectors include the creation of strategic marketing plans, securing project acceptance and leveraging public and private financing. The company has managed complex public relations issues and has been successful in lobbying the U.S. Congress to obtain benefits for clients.

RBD’s President, Ms. Nancy Randall, was previously Senior Business Recruiter, in the Economic Development Department at PacifiCorp Electric Operations. PacifiCorp is wholly owned by Mid American Energy Holdings Company, a Berkshire Hathaway Company. A licensed Oregon Attorney, Ms. Randall has a proven track record of working with all levels of Federal, State and local government, and has been instrumental in assisting companies to secure land use permits, variances, state and federal program benefits, and resolving other complex issues to achieve their respective business goals.

Ms. Randall served as a Lead Contract Negotiator for the U.S. Bonneville Power Administration for implementation of the Pacific Northwest Power Act, which reallocated the seven-State region’s vast hydro and thermal power, and transmission capacity.

Doug Hague, CCTI President and Chief Executive Officer stated, "Our company is very pleased to have the benefit of RBD’s experience and associations that CCTI plans to fully leverage in the pursuit of the Company’s domestic agenda, which provides for the signing of at least one new US contract prior to the end of 2010. We are confident that RBD will play a significant role in achieving this objective and look forward to a long and rewarding relationship.”

About Clean Coal Technologies, Inc.:

Clean Coal Technologies, Inc. owns a patented technology to reduce the contaminants and pollutants created by the burning of coal through a patented multi-stage process that transforms coal with high levels of impurities, contaminants and other polluting elements into an efficient, clean and inexpensive source of high energy, low polluting fuel.

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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