REGINA, Canada, June 3, 2011 /PRNewswire/ -- Clean Power Concepts Inc. (NASD OTC BB: CPOW) today announced that it has commenced the first stage of the Regina plant expansion.
We are pleased to announce that we have taken delivery of equipment that is expected to increase production capacity in the first step of our scalable plant expansion.
This is the first small step in enhancing our productive capacity. We believe the demand and commodity prices will continue to be strong for our products, and the scalable nature of our proprietary assembly lends itself well to incremental increases in capacity. Even though this is a relatively small enhancement, we believe this new capacity could in the future represent a revenue stream of nearly $2 million dollars at today's commodity prices. This equipment should enable us to complete construction of our aqua feed pilot plant, which will provide us samples for feed trials, and marketing purposes. "We believe the aqua feed market and the demand is growing significantly in the $100 billion global protein and oilseed market," said Michael Shenher, CEO.
Given the estimated re-commission costs required in Culbertson, Montana plant we felt it more cost effective to focus on making scalable enhancements to Regina capacity.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 anticipated increased capacity, the continued demand for our products, the potential revenue stream from the new capacity and our ability to complete construction of our aqua feed pilot plant. 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 production capacity will not be as anticipated, the results derived from the additional capacity or the revenue derived therefrom will be less than anticipated, our products will not receive favorable acceptance in the market, the demand for our products will not be strong and even if strong will not be strong enough to support construction of a new pilot plant. 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. SOURCE Clean Power Concepts Inc.