REGINA, Saskatchewan, Dec. 21, 2010 /PRNewswire/ -- Clean Power Concepts Inc. ("Clean Power")(OTC Bulletin Board: CPOW), today announced its operating subsidiary General Bio Energy Inc. ('General Bio') was recently named as one of Canada's top 50 emerging growth companies by Profit Magazine.
"Each year Profit Magazine names fifty organizations that have experienced tremendous growth," comments Michael Shenher, Clean Power's President and CEO. "We're thrilled that General Bio has been included on the Profit Magazine 2010 'Hot Fifty List' among some very innovative companies during tough economic times."
The ranking was based on General Bio's impressive sales growth of its agricultural based bio -tech products including essential oils and vegetable oil seed proteins. General Bio was formed in 2006 and has successfully developed a consumer base for its environmentally friendly products over the last four years. Revenues continue to grow, as evidenced by sales during the six month period ended October 31, 2010, which increased by 133% versus the six period ended October 31, 2009.
Shenher added, "We at Clean Power are honored that we've been included on a list which the editors of Profit Magazine refer to as:"...entrepreneurial bright lights who have shown a keen eye for exploiting under-served niches, a willingness to take risks, a ruthless attention to cost control and, above all, a passionate commitment to delivering value to their customers." Shenher concluded by commenting, "It's wonderful that the hard work and dedication of our management, staff and stakeholders have translated into an appearance on Profit's Hot Fifty List. We're dedicated to serving the growth market in environmentally friendly produces and expect the upward trend of our company to continue. This recognition is definitely an indication that we're on the right track and will is a great way to end the year."