SOURCE: Clean Energy and Power, Inc.

April 29, 2010 06:00 ET

Clean Energy and Power, Inc. Company President Visits Czech Republic

WARWICK, RI--(Marketwire - April 29, 2010) -  Clean Energy and Power, Inc. (PINKSHEETS: KEPID) today announced that its President, Dennis Shen, is in the Czech Republic visiting selected sites for the Company's solar project deployments. Mr. Shen will also finalize business terms so that installation can commence.

"The rate guarantees of the Czech government and their continued focus on development of solar projects within the country provide a number of potentially profitable opportunities for development," stated Mr. Shen. In addition, Mr. Shen is visiting the banks that have committed funding, backed by the Czech Republic, to the Company's projects. 

During his visit, Mr. Shen will also meet with the suppliers and service providers that will be instrumental in the deployments and the ongoing maintenance of the selected sites. 

Additional information on the various guarantee programs set up by the EU and the Czech Republic and their applications can be found at:

Over the next few weeks additional information on the development of the Company's projects will be communicated to our shareholders and the market. 

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.

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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