Clean Power Concepts Inc. And China Based Wuhan Haitong Shipping And Logistics Co., Ltd. Complete Agreement To Create A Joint Venture To Explore Acquisition Opportunities And Assess Projects In China
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.
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