Clean Energy Pathways Reports Revenue Growth for Q4 2011
06 Januar 2012 - 3:15PM
Clean Energy Pathways, Inc. (Pink Sheets:CPWY), an alternative and
renewable energy solutions company, reports unaudited revenue
growth in the fourth quarter of 2011.
"Sales and revenue growth is still the number one priority for
the company, and we anticipate an improvement over our Q3 results,
which came in at approximately $1,000,000," reported Greg Clemons,
president and CEO of Clean Energy Pathways. "Our sales focus
remains on biofuels, which have been the catalyst for our business
success since August. However, sales of our solar thermal systems
picked up during the quarter as well. Our ability to access large
volumes of high-quality biofuel continues to be a competitive
advantage, and we have interest from new customers as a
result."
The company's new marketing team is also aggressively pursuing
the coal-fired utility and industrial boiler sectors, which are
looking for ways to comply with new EPA mandates that recently took
effect, or soon will. "Coal burning utilities and industrial boiler
users are exploring all available means for complying with the
Renewable Portfolio Standards (RPS), Renewable Fuel Standard
(RFS2), the Mercury and Air Toxics Standards (MATS) and Cross-State
Air Pollution Rule (CSAPR)," said Clemons. "We believe we have
viable solutions using liquid biofuel as a Btu substitute for coal.
Our marketing team is pursuing alliances with like-minded trade
groups to expand our reach and influence in the utility
sector."
Updating the status on the company's pursuit of a move to the
OTC Bulletin Board, Clemons said the preliminary work has been
done, and, on the advice of attorneys handling the matter, the move
will take place when the company is on a firmer footing.
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 cleanenergypathways.com
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, Inc. and Atlas
Capital Holdings, Inc. undertake no obligation to update such
statements.
Contact:
Harrison Parrish, 866-492-5325
investor@cepathways.com
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