SOURCE: Clean Energy Combustion Systems

September 12, 2007 12:56 ET

Clean Energy Combustion Systems Announces Key Management and Director Changes

New Leadership Reflects Long-Term Strategy

WEST PALM BEACH, FL--(Marketwire - September 12, 2007) - Clean Energy Combustion Systems Inc. (PINKSHEETS: CECU), a utility energy company operating with economically and commercially sound green energy power solutions in China, announced today that it has appointed a new President & Chief Executive Officer and a new Chief Financial Officer to its management team and made key changes to its Board of Directors.

Robert Rudman has been appointed the Company's new President & CEO and has also joined the Company's Board of Directors. Mr. Rudman has extensive expertise with publicly traded companies, both as an independent consultant and as a senior manager. A Canadian Chartered Accountant since 1974, Mr. Rudman has served as a CFO, a CEO, a Chairman and a Board member for a number of public companies representing several industry sectors.

Clean Energy's new President & CEO Robert Rudman said, "These changes to our leadership structure reflect our longer term strategic focus. Although the Company has made significant progress in proving the value of its proprietary technology on the pilot project level, it is now time to dramatically expand operational activities in our primary market of China. We have the opportunity to exploit our technologies and achieve our commercial potential in today's most exciting target market. In addition to our operational plan, we must focus on our public company objectives in order to build shareholder value as we achieve our commercial milestones."

In addition to its new president & CEO, Barry Sheahan has been appointed the Company's Chief Financial Officer. Mr. Sheahan is also a Canadian Chartered Accountant with twelve years of experience in the financial services industry. After receiving his CA designation in 1982, he developed a public and private industry accounting and tax practice in Vancouver. Mr. Sheahan previously served as the Company's CFO from its inception in 1999 until early 2006 when he returned to private accounting practice.

On August 3, 2007, Derek Frost and Gary Kissack resigned from Clean Energy's Board of Directors.

ABOUT CLEAN ENERGY COMBUSTION SYSTEMS

Clean Energy Combustion Systems Inc. (PINKSHEETS: CECU) is a utility energy company that bridges the transition from traditional to non-traditional energy use with its economically and commercially sound green energy power solutions. With primary operations in the world's largest CO2 emitter, China, the Company's alternatives offer cost-effective renewable energy solutions and alternative combustion technology to a ripe market of stable and committed customers such as governments, utilities and non-governmental organizations (NGOs). For more information, visit: www.clean-energy.com.

Forward-Looking Statements: Clean Energy's development plans and the prospective potential as described in this news release constitute "forward-looking statements" within the meaning of the United States federal securities laws that involve risks and uncertainties. Actual results may vary substantially from expectations as a result of a variety of factors including, by way of example and not limitation, Clean Energy's financial requirements and current lack of capital; Clean Energy's inability to satisfactorily complete pending or new project proposals (including with prospective licensee or joint venture partners) and enter into binding revenue-producing contracts based upon those proposals; including as a result of insufficient consumer acceptance of and demand for pulse combustors; regulatory constraints; changes in Clean Energy's business plan and corporate strategies; and the various risks and uncertainties disclosed by Clean Energy in its various reports filed from time-to-time with the SEC. Readers are urged to carefully review and consider the various disclosures made by Clean Energy in its various reports filed from time-to-time with the SEC that attempt to advise interested parties of the risks and uncertainties that may affect Clean Energy's business and an investment in its securities.

Contact Information

  • CONTACT:
    D.P. Martin & Associates
    Investor Relations for Clean Energy Combustion Systems
    (561) 514-0194
    Email Contact