SOURCE: Cleantech Transit Inc.

May 19, 2011 08:15 ET

Cleantech Transit Inc. Provides Corporate Update

SCOTTSDALE, AZ--(Marketwire - May 19, 2011) - Cleantech Transit Inc. ("Cleantech") (OTCBB: CLNO) is pleased to provide a corporate update on company operations. Cleantech has been continuing its focus and its efforts on the bio mass sector as discussed below.

Cleantech is continuing to work towards developing an asset base in the environmentally-friendly biomass arena with the previously announced 500 kilowatt project. The company expects to be able to provide further details on the status of the biomass facility over the coming weeks.

Furthermore, Cleantech has been continuing its efforts to determine key areas of interest through evaluating additional projects that may be a suitable fit based on Cleantech's corporate objectives.

In addition, the Company has made an effort to continue in strengthening its management team as the Company develops.

About Cleantech Transit Inc.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy. For more information, visit www.cleantechtransitinc.com.

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.