SOURCE: Cleantech Transit, Inc.

April 25, 2012 07:00 ET

Cleantech Provides Details on the 500 KW Bio Mass Power Purchase Agreement

LAS VEGAS, NV--(Marketwire - Apr 25, 2012) - Cleantech Transit, Inc. ("Cleantech or the Company") (OTCBB: CLNO) is pleased to provide further details on the 500 KW bio mass facility located in Merced County, California. As previously reported the plant is currently connected to the electricity grid under California's feed-in tariff.

Under the terms of the 15-year power purchase agreement we would be entitled to receive a price of 0.11 cents per kilowatt of electricity sold. The Merced plant is capable of producing 500 KW of electricity per hour when running at full capacity. With the plant surpassing its 500 KW production capacity in the initial testing stage, Cleantech is optimistic that the bio mass facility will continue to move toward the commercial operation stage in a timely manner.

President and CEO of Cleantech Transit Inc. Kenneth Bosket commented, "The Company is pleased with the progress made thus far and is looking forward to developing this asset and making other potential investments in the clean energy sector."

About Cleantech Transit Inc.:

The Company's mandate is to create opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the alternative clean energy sector. With the growth in green energy initiatives, the Company has expanded its focus to invest directly in specific projects that will maximize shareholder value. Recent advances in the technology of converting wood waste into power have greatly enhanced the economic value of the company's systems. A Biomass division was launched led by Phoenix Energy to focus exclusively on generating greater returns for manufacturing clients worldwide. For more information please visit the Company's website at www.cleantechtransit.net.

This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. 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. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. 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 new business opportunities and development stage companies. 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 any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such 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 annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.