CleanTech Biofuels Announces $3,000,000 Financing
St. Louis, MO--(Marketwire - July 8, 2008) - CleanTech Biofuels, Inc. (OTCBB: CLTH) announced today that it has entered into an agreement for an investment or placement into the Company of up to $3,000,000 via a Regulation S Offering on a best efforts basis. The placement is expected to be funded in the third quarter of this year and will enable CleanTech to complete the design and engineering for its fully integrated demonstration plant and begin ordering equipment for that plant.
About CleanTech Biofuels, Inc.
CleanTech Biofuels, Inc. is a development stage company with technology capable of converting municipal solid waste into ethanol. By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at negative feedstock cost, the Company expects to achieve profitability quickly relative to other ethanol producers who must develop their infrastructure to collect and transport more expensive feedstocks such as sugar cane, corn or even switch grass, wood waste, or corn stover. For additional information about CleanTech Biofuels, please visit: http://www.cleantechbiofuels.net.
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development, and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
Securities sold in the Regulation S offering by CleanTech Biofuels, Inc. will not be registered under the Securities Laws of the United States or any individual state and may not be offered for sale inside the absent registration under such applicable laws or subject to an exemption from any registration requirements. Investor Contact:
Lippert Heilshorn& Associates, Inc.
Amy Gibbons/Jody Burfening