Clean Power Concepts Inc. (OTCBB:CPOW) is pleased to announce that having successfully hosted a delegation from Chongqing Grain Group in western Canada over the past week, where several potential site locations were reviewed; all parties have agreed to extend the Memorandum of Understanding instrument for 45 business days to allow Chongqing to conclude their preliminary evaluation, and obtain approval from their appropriate Chinese authority.
Clean Power Concepts is a producer of Canola Oil, Canola Feed Meal, Eco-Lubricants, Bio-Chemicals and Additives and renewable fuels. The Company manufactures and markets products under CLEAN POWER CONCEPTS ® and MOPO ® brands. More information may be obtained at URL www.cleanpowerconcepts.com
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements." All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain cost adjustments and/or delays beyond the company's control with respect to bio energy manufacturing operations, changes in the worldwide price of agricultural commodities, crude oil, and/or certain other commodities; regulatory, legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with bio energy manufacturing operations or development activities; employee relations; transportation logistics; and the unpredictability of risks involved in the newly developing bio energy industry. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.