Clenergen Corporation
OTC Bulletin Board : CRGE

Clenergen Corporation

April 12, 2010 09:23 ET

Clenergen Corporation (OTCBB:CRGE) Appoints MB Sanil Kumar as Non-Executive Director and Bonnie Nelson as Board Advisor

NEW YORK, NEW YORK--(Marketwire - April 12, 2010) - Chief Executive Mark Quinn announced today the appointment of MB Sanil Kumar as non-executive director of Clenergen Corporation and Bonnie Nelson as Board Advisor to Clenergen Corporation.

Mr MB Sanil Kumar is the Managing Partner of Kumar Biju Associates, a leading firm of accountants based in India and the Middle East. He was enrolled as a member of the ICAI in 1989 and has over 20 years experience in the accountant and management consultant professions. Mr Kumar works with an extensive portfolio of corporate and multinational clients as well as the government and public sectors.

Mr Kumar was part of a technical team to assist the Kerala Government to set up the Horticultural Development Programme of the European Economic Community and also the World Bank assisted Kerala Urban Development Programme. He has also worked extensively with commercial banks and other financial institutions in funding applications. Mr Kumar had also assisted the Department of Tourism, Govt. of Kerala for development of tourism projects, and serves on the boards of several Indian companies whilst being both a member of the International Red Cross and the Rotary.

Bonnie Nelson was the prior owner and CEO of the Wall Street brokerage firm, Vanderbilt Securities, Inc. At Vanderbilt, she was specifically responsible for taking companies public, OTC trading, mergers and acquisitions, and the development of joint ventures and strategic alliances for her clients. With a career spanning over 20 years of investment and merchant banking Ms. Nelson has extensive experience in consulting and corporate finance for public and private companies. She has been responsible for raising equity and debt financings including: seed capital for new and emerging growth companies, secondary funding for middle market companies and project financing.

Ms. Nelson has been a senior executive in business development, responsible for developing and guiding many corporate turnarounds, joint ventures and strategic alliances. Ms. Nelson currently sits on the board of Allied Artists.

Commenting on the new positions Mark Quinn CEO of Clenergen Corporation said 'Sanil Kumar is one of the most highly respected and distinguished CPA's in India and he will become a cornerstone for our upcoming Indian flotation on the Bombay stock market. We are delighted to welcome him to the board.'

Bonnie Nelson has a wealth of expertise and experience that will be a perfect complement to our board and management. We are very pleased to welcome her and look forward to working with her as board advisor.'

About Clenergen Corporation

Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen offers strategic Clean Energy Generation projects to address the requirement for renewable and sustainable supplies of electricity. Clenergen has developed a unique modular system of gasification and localized plantation management. Clenergen also plans to provide biomass feedstock to other renewable energy generators.

By using proprietary and mixed biomass feedstock to implement sustainable supplies of clean energy to regional, independent clients and national grids. The "Distributed Environmental Power System" marries significant proprietary advancements in plant science with proven long standing engineering technologies to achieve this goal.

Notice Regarding Forward-Looking Statements

This current report contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, including but not limited to our ability to complete the acquisition and establish our company as one of the leading biomass power general companies globally.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with clean technologies; changes in the operating costs and changes in economic conditions and conditions in clean technologies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our current and periodic reports filed from time-to-time with the Securities and Exchange Commission.

Contact Information

  • Clenergen Corporation
    Jessica Hatfield
    Communications Director
    0044 (0)207 739 0028
    0044 (0)207 657 3275 (FAX)