SOURCE: Clean Energy and Power, Inc.

February 08, 2010 07:34 ET

Clean Energy and Power Announces Appointment of Dennis Shen President to Lead Strategic Technology Development

WARWICK, RI--(Marketwire - February 8, 2010) -  Clean Energy and Power, Inc. (PINKSHEETS: KEPI) (www.cleanenergyandpower.com) announced today that Dennis Shen former Chief Operating officer of Biocentric Energy Holdings Inc., and lead developer of the Algae Bioreactor has joined Clean Energy and Power as President.

"With Dennis on board we now have a proven "Green" technology visionary whose focus has been in many areas of the clean energy sector and which will allow us to begin pursuing those opportunities that we have been considering," stated Erwin Vahlsing, Jr., CEO of Clean Energy and Power. "Dennis brings with him experience and relationships that will help us in the selection of the most profitable opportunities for the company, whether in wind, solar, biomass or waste to power or any combination that will quickly bring us to profitability and shareholder value."

"I am excited to join Clean Energy and Power and head up the 'Green' technology area for the Company," said Dennis Shen, "and look forward to working with Erwin and the technology team. My focus will be on the 'Green' technology that will bring in the quickest revenue. There are many great opportunities that Clean Energy and Power have been reviewing and I hope to be able to lend my expertise in selecting the best direction for us to pursue."

Mr. Vahlsing continued, "Over the next few weeks we plan to update our web site, bring the company current with its SEC filings which will move us back up to the OTCBB, and making decisions for which technology will be the first of many that the company will be introducing. We are ecstatic to have an individual of Dennis' background and caliber to join us as we build a profitable and successful business." 

About Clean Energy and Power
The Company is focused on alternative energy opportunities. The Company is dedicated to acquiring fully developed environmental projects and putting them into production. www.cleanenergyandpower.com.

Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications that may arise could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company cautions that these statements are further qualified by important factors that could cause actual results to differ materially from those in the forward looking statements, including, among others, the following: reduced or lack of increase in demand for the Company's products, competitive pricing pressures, and the level of expenses incurred in the Company's operations. The Company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise.

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