Clenergen Corporation
OTC Bulletin Board : CRGE

Clenergen Corporation

November 10, 2009 09:22 ET

Clenergen Corporation (OTCBB:CRGE) Completes Acquisition of Clenergen Corporation Limited

NEW YORK, NEW YORK--(Marketwire - Nov. 10, 2009) - Clenergen Corporation (OTCBB:CRGE) (the "Company" or "Clenergen") is pleased to announce that on November 9th , 2009 (the "Closing Date"), it closed the previously announced share exchange agreement with Clenergen Corporation Limited, a United Kingdom Corporation ("Clenergen UK").

Pursuant to the closing of the share exchange, the Company issued 13,643,045 restricted shares of its common stock to the former shareholders of Clenergen UK.

The Company is also pleased to announce that it has appointed Dr. Arvind Pandalai, Mr. Robert Kohn, Mr. David Sonnenberg, Mr. Mike Starkie, Mr Dale Shepherd and Mr. Jack Dickey to its board of directors.

For details regarding the Company's business and details of the closing of the share exchange agreement refer to the Company's continuous disclosure documents as filed on www.sec.gov.

About Clenergen Corporation

Clenergen Corporation is a publicly listed company on the OTC stock market (symbol CRGE). Clenergen develops Clean Energy Generation projects to address the requirement for renewable and sustainable supplies of electricity. Clenergen installs and operates Distribution Environmental Power Systems (DEPS) and applies Plant Science to the cultivation of proprietary biomass feedstock's in order to provide sustainable supplies of clean energy to regional, independent clients and national grids.

Notice Regarding Forward-Looking Statements

This press release 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.

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 press 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)
    www.clenergen.com