This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Clean Power Concepts Comments On Record Revenue

REGINA, Saskatchewan, Dec. 15, 2010 /PRNewswire-FirstCall/ -- Clean Power Concepts Inc. ("Clean Power", or the "Company") (OTC Bulletin Board: CPOW) - today announced its operating subsidiary General Bio Energy ("General Bio") is on target to reach sales forecasts and complete the fiscal year by more than doubling  revenue over last year.

General Bio operates a fully integrated commercial oilseed crushing, bio-diesel refinery, and environmental lubricants manufacturing and bottling plant in Regina, Saskatchewan.  The focus of the business continues to be on canola.

For the six month period ended October 31, 2010, the Company today reported total revenues of US$443,071 versus US$190,016 for the same period last year.

"Our impressive results so far in 2010 include a 12 fold increase in canola oil sales and a 100% increase in sales of canola meal," said Mike Shenher, President and CEO. "In the years to come, Clean Power Concepts will seek to extend our market in oil sales into other countries with an aim to double our revenues each year."

Shenher further commented, "Our core oil business will continue to drive our growth. At the same time, we'll continue to expand our branded manufacturing business, further leveraging the diversity of our balanced business model."

Canada's canola industry adds over $13 billion in economic activity to the Canadian economy.  Depending on the year, canola is either Canada's first or second most valuable field crop (the other is wheat).

The worldwide demand for Canola is soaring. The low level of saturated fats and wide range of functionality has made canola oil a popular option for food services looking to decrease trans fats in their food manufacturing. As well, biodiesel produced from canola is a proven, renewable clean burning fuel source that is supplying an increasing amount of energy in Europe and the U.S.

"All of us at Clean Power are enthusiastic about what has been achieved thus far in 2010 and what we'll be able to accomplish in the next five years, and in particular about the value we expect to create for all of our stakeholders," concluded Shenher.

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs