Clean Energy Pathways Begins Move to OTCBB
01 August 2011 - 6:51PM
Clean Energy Pathways, Inc. (Pink Sheets:CPWY), an alternative and
renewable energy solutions company, announced today that it has
started the initial structuring to move the company on its own to
Bulletin Board status, without utilizing a reverse merger with an
existing Bulletin Board company.
"Our recent attempt at a reverse merger with Bulletin Board
company Atlas Capital Holdings could not be completed due to
unforeseen issues," said Greg Clemons, CEO of Clean Energy
Pathways. "We regret the delay and concerns of shareholders arising
from this. However, safeguards we had in place protected our
interests and helped point the way to better options. Based on our
current business activity and the plans we have in place, our
management believes our best path forward today is to take the
company directly to the Bulletin Board. Thus, we have started the
initial phase of moving Clean Energy Pathways, Inc. from Pink
Sheets to the Bulletin Board.
"We are taking proactive measures in consultation with our team
of professionals to make this transition smooth and effective for
our shareholders, and we think the process can be completed in
90-120 days," Clemons added. "I will continue to provide updates as
we begin this undertaking to move the company forward. As
significant stakeholders in this company ourselves, the management
team of Clean Energy Pathways wants to reassure our fellow
shareholders that we are working diligently and responsibly to
ensure our joint success and growth."
About Clean Energy Pathways
Clean Energy Pathways, Inc. is a company focused on multiple
solutions to aid businesses and government facilities in attaining
energy independence, reduced costs, and a cleaner environment.
These pathways to energy independence include bio-fuels, solar
systems, building energy management systems and other technologies,
as well as financing of, and gain-sharing in, the improvements. For
more see www.cleanenergypathways.com The Clean Energy Pathways,
Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=9449
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements are subject to risks and
uncertainties that could cause future results to differ materially
from the forward-looking statements. You should consider these
factors in evaluating the statements herein, and not rely on such
statements. The forward-looking statements in this release are made
as of the date hereof and Clean Energy Pathways, undertakes no
obligation to update such statements.
CONTACT: Harrison Parrish
866-492-5325
investor@cepathways.com
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