SOURCE: Cleantech Transit, Inc.

June 05, 2012 18:56 ET

Cleantech to Focus Operations on Biomass Power Generation

LAS VEGAS, NV--(Marketwire - Jun 5, 2012) - Cleantech Transit Inc. ("Cleantech or the Company") (OTCBB: CLNO) announced today that to further the success achieved to date from its 500 KW Merced County biomass power plant, it will concentrate its operational activities solely on growing its participation level in various alternative energy power plants, as well as build and operate new green energy facilities in North America and around the world.

Thus far the results of the biomass pilot plant has met or exceeded expectations to date and as the plant moves toward full scale commercial production has the potential to yield significant revenue growth. The current and future demands for alternative energy generation will enable the Company to specifically target geographical areas where economically and environmentally friendly technology is vital to the advancement of various communities around the world.

"The significant profitability and clear demand for biomass power generation will provide our shareholder base with a strong sustainable business model for years to come," said President and CEO of Cleantech Transit Inc. Kenneth Bosket. "Our participation in this initial power plant has presented many other opportunities in the biomass space and the Company intends to evaluate these opportunities in its efforts to build shareholder value," he added.

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.