SOURCE: ACT Clean Technologies, Inc.

August 19, 2010 06:00 ET

ACT Clean Technologies, Inc. Moves Forward With Business Plan

HUNTINGTON BEACH, CA--(Marketwire - August 19, 2010) -  ACT Clean Technologies, Inc. (PINKSHEETS: ACLH) (www.actcleantech.com) (the "Company") announced today that it is moving forward with its business plan that focuses on its two operating entities, American Petroleum Solutions, Inc., a wholly-owned subsidiary ("APS"), and American Bio-Tech Cleaning, Inc., an 80%-owned subsidiary ("ABT").

Russell Kidder, CEO, stated, "The Company continues to cooperate with the SEC in connection with certain possible trading irregularities of the Company's common stock by third parties and the release of certain information concerning BP and our proprietary APS fluids, both earlier this year." Mr. Kidder went on to say, "We are confident of a favorable outcome with respect to the SEC inquiry. In the meantime, we continue to focus on making the Company a success. ABT is preparing its first shipment of 32 oz. and 1 gal. bottles of its Green Rhino environmentally-safe, all-purpose cleaning fluid to various distributors through its joint venture with Bio-Clean, Inc. This initial fulfillment shipment will enable the distributors to test-market our product with consumers at a wide variety of retail establishments."

Ares Ionidis, Director of Shareholder Relations, added, "APS fluids have been used recently in an effort to improve oil production in existing wells in the Austin Chalk Formation in Texas. The reworking of the first 5 wells has been completed and the Company expects results of the reworking operations to be released by its joint venture partner, the driller operator, shortly. In addition, APS continues to pursue opportunities to participate in the efforts to clean up the Gulf Oil spill and other petroleum clean-up efforts at production sites and refineries."

On the Company's website, www.actcleantech.com, is a new video of the effectiveness of our APS oil fluidizer in clean-up operations involving sand and rocks.

About ACT Clean Technologies, Inc.

ACT Clean Technologies, Inc., and its wholly owned subsidiary, American Petroleum Solutions, Inc. (APS), are committed to both a safer environment through cleaner technologies, as well as more profitable methods of oil recovery and production from oil sands and other petroleum reserves. Previous users of the APS oil fluidizer technologies have included some of the largest oil and gas companies in the US, including Conoco Phillips, Exxon Mobil, Avon Petroleum, Valero Petroleum, and BP (British Petroleum), as well as the US Navy Petroleum Reserve.

Forward-Looking Statements

This 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. "Forward looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude or risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a disclosure made by the Company.

Contact Information

  • ACT Clean Technologies, Inc.
    Ares S. Ionidis
    Director of Shareholder Relations
    877-299-5596
    Email Contact