Clean Power Concepts Inc. & China Based Wuhan Haitong Shipping & Logistics Co., Ltd. Complete Agreement to Create a Joint Ven...
May 25 2011 - 1:38PM
Business Wire
Clean Power Concepts Inc. (listed as CPOW on the NASD
OTC:BB), today announced that it has entered into an agreement with
the Wuhan Haitong Shipping and Logistics Co., LTD. of China.
The agreement creates a new Joint Venture (“JV”) for the purpose
of exploring acquisition opportunities, and evaluating projects in
the clean energy field, and the agri-food processing industry.
Mr. Shenher, commented, “CPOW looks forward to exploring
acquisition opportunities, and evaluating potential projects. There
are 1.4 billion mouths to feed on a daily basis, and we believe
opportunities abound.”
Wuhan Haitong Shipping and Logistics Currently, combining
with company’s subsidiary company: Wuhan Changrong shipping and
logistics company Ltd., own a fleet of more than 50 vessels varying
in sizes from 1,000 Metric Tonnes to 3,000 Metric Tonnes, with a
total operating capacity of more than Fifty thousand Metric Tonnes
in which consisting of 12,800 M/T in oil shipping, 26,000 M/T in
chemical related products and 4,500 M/T in dry-bulk shipping.
Clean Power Concepts produces Filtered Canola Oil, Canola
Feed Meal, Lubricants, Chemicals and Additives that are marketed
under the CLEAN POWER CONCEPTS®, MOPO® brand names.
For more information is available at CPOW’s website at
www.cleanpowerconcepts.com.
Safe Harbor Statement:
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. The
forward-looking statements are based on current expectations,
estimates and projections made by management. The Company intends
for the forward-looking statements to be covered by the safe harbor
provisions for forward-looking statements. Words such as
"anticipates," "expects," "intends," "plans," "believes," "seeks,"
"estimates," or variations of such words are intended to identify
such forward-looking statements. The forward-looking statements
contained in this press release include, statements regarding the
potential opportunities. All forward-looking statements in this
press release are made as of the date of this press release, and
the Company assumes no obligation to update these forward-looking
statements other than as required by law. The forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those set forth or implied
by any forward-looking statements and include the risk that the new
joint venture will not be as successful as anticipated, that
suitable locations at suitable prices will not be available for the
new operations, that the demand for the products produced by the
joint venture will not be as great as anticipated and the risk
factors discussed in our Annual Report on Form 10-K and subsequent
Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.
Copies of these filings are available at www.sec.gov.