SOURCE: Cleantech Transit, Inc.

June 08, 2012 08:30 ET

Cleantech Transit Extends Business Model With Biochar

LAS VEGAS, NV--(Marketwire - Jun 8, 2012) - Cleantech Transit Inc. ("Cleantech or the Company") (OTCBB: CLNO) is pleased to announce that a byproduct known as Biochar, which results from the gasification process at the 500 KW Merced County plant, has been produced without any additional processing at the power plant.

Biochar is a fine-grained charcoal made by pyrolysis. Pyrolysis means heating biomass (wood, manure, crop residues, solid waste, etc.) with limited to no oxygen in a specially designed furnace that captures all emissions, gasses and oils for reuse as energy. Biochar has been used in agriculture for numerous years. Biochar is now being reintroduced to modern horticulture as a safe, sustainable soil amendment. When added to soil, biochar improves plant growth and crop yields while it reduces the total fertilizer needs.

Biochar typically sells for $200 to $600 per ton, according to the International Biochar Initiative.

President and CEO of Cleantech Transit Inc. Kenneth Bosket commented, "At 84% carbon, biochar is becoming an important source of carbon sequestration. The development and production of biochar has been undertaken without the financial assistance of millions of dollars in Government grants."

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.