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Jan. 13, 2011 /PRNewswire/ --
Clean Power Concepts Inc. ('Clean Power' or the 'Company'), (OTC Bulletin Board: CPOW), reported today that it has signed a significant long
-term agreement with K.N.D. Feeds Ltd. ('KND') of
Saskatchewan to market the company's crude canola oil and canola meal off-take on an on-going basis to an expanded base of customers on a global scale.
KND is a well
Saskatchewan based supplier to the livestock feed market, which has been in the feed/commodities sales business since the mid 1980's. Under this marketing agreement, KND has committed to market Clean Power's canola products. The agreement is comprehensive and has sales estimates of 400 metric tons of canola oil and 600 metric tons of canola meal off take per month for the next five (5) years. At current canola oil and meal off take prices this amounts to approximately
US$616,900 per month,
US$7,403,000 per annum or
US$37 million over the next five years. The majority of this oil is intended for the fast growing animal feed market.
"We at Clean Power are fortunate to have the opportunity to work with such successful and reputable people as
Ken Kuntz at KND," commented
Mike Shenher, President and CEO. "We believe that expanding our sales network with partners like KND is enhancing our competitiveness and positioning the Company for further growth. In doing so we've significantly enhanced our ability to capitalize on global sales opportunities through this sales agreement," Shenher added.
"We have been working diligently in 2010 to execute our business plan – to build our infrastructure, expand our product line and establish meaningful, tenured and protected sales and distribution agreements with well established companies such as KND whose innovative sales focus and values fit our exacting criteria," concluded Shenher. "Today's announcement is pivotal for the Company as we turn our attention now in 2011 from supply and development, to targeted sales execution."