Cleanfield Alternative Energy Inc.
TSX VENTURE : AIR

Cleanfield Alternative Energy Inc.

January 22, 2007 09:46 ET

Cleanfield Alternative Energy Provides Corporate Update

ANCASTER, ONTARIO--(CCNMatthews - Jan. 22, 2007) - Tony Verrelli, President & CEO of Cleanfield Alternative Energy Inc. (TSX VENTURE:AIR) announced a company update today. Just four months after going public Cleanfield Energy has logged in their order book, firm orders for 99 units of their Vertical-Axis Wind Turbine (VAWT) for gross revenues of in excess of $1 million CAD. Delivery of the units is expected to commence in March 2007. The Company has also signed to date 20 dealers/distributors to contracts for the distribution of the VAWT in areas of New Jersey, New York, California, Illinois, Texas, Oklahoma, Ontario, Saskatchewan, Alberta, British Columbia, and Canada's East Coast. Orders are expected to be completed by the end of the year 2007.

"We are pleased with our progress to date, considering our sales mandate has only been implemented for a few months. We are also encouraged by the receptiveness for the product and the progress the company has achieved in such a short period of time. These sales confirm that we have a timely product and that the technology is a good fit with those who want to be at the leading edge of renewable energy development. Our objective is to expand our dealer relationships across North America to meet this demand and to provide more accessibility to the consumers so they will be able to purchase our turbines and other renewable energy products as we bring them to market" stated Mr. Verrelli.

The Corporation's 3.5kW turbines can produce enough electricity to supplement energy demands for a household or a small business. Bundling several units in one application can supply electricity to larger buildings, offices or apartments. The Company's recent announcement of the sale of 5 units to the Ministry of Natural Resources Fire Management Services in Kenora earlier this month clearly demonstrates where and how the Company wants to be positioned within the industry.

About Cleanfield Alternative Energy

Cleanfield Alternative Energy is the parent company of Cleanfield Energy Corp. and is committed to the development of renewable energy products for both consumer and commercial applications. Cleanfield's tailor-made VAWT can be mounted on a tower or suitable rooftop, offering electricity independence and security. Excess power generated by the VAWT can be stored for later use or, in some jurisdictions, sold back to the utility power grid system.

Forward- Looking Statements

Certain statements in this news release contain forward-looking statements or information under applicable Canadian and United States securities legislation. All statements or information, in particular all statements and information pertaining to the number of orders received by the corporation, other than statements of historical fact may be deemed to be forward-looking statements or information. Forward-looking statements frequently, but not always, use the words "intends", "plans", "believes", "anticipates" or "expects" or similar words; that events "will", "may", "could" or "should" occur; and/or include statements or information concerning the corporation's strategies, goals, plans and expectations. Forward-looking statements or information in this news release include, but are not limited to statements or information concerning: the number of orders that the corporation has received for its products over the next year and beyond driving value significantly. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements or information and you should not place undue reliance on our forward-looking statements or information. Factors that could cause actual events or results expressed or implied by such forward looking statements to differ materially from any future results expressed or implied by such statements or information include, but are not limited to: uncertainties related to early stage of technology and product development; the corporation may not actually realize all of the revenue attributable to the prospective orders; dependence on corporate collaborations; uncertainties as to future expense levels, sales and the possibility of unanticipated costs or expenses or cost overruns, the possibility that opportunities will arise that require more cash than presently anticipated and other uncertainties related to predictions of future cash requirements. Certain of these factors and other factors are described in detail in the Company's Annual Information Form, quarterly MD & A, Annual Report and other filings with the Canadian securities regulatory authorities. Forward-looking statements are based on our current expectations and Cleanfield assumes no obligations to update such information to reflect later events or developments.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information