SOURCE: Cleantech Transit, Inc.

Cleantech Transit, Inc.

May 25, 2011 08:00 ET

Cleantech Transit, Inc. Provides an Update on Recent Appointments to Its Management Team

LAS VEGAS, NV--(Marketwire - May 25, 2011) - Cleantech Transit, Inc. (OTCBB: CLNO) is pleased to announces the following management appointments. Kenneth Bosket - President & CEO and Director, Lowell Holden - CFO & Director and Montse Zaman - Secretary & Treasurer and Director.

Kenneth Bosket - President & CEO and Director

Mr. Bosket was with Sprint for 30 years and retired in 2004. Mr. Bosket is co-founder of JaHMa, a music company in Las Vegas, Nevada and a former board member and president of Bridge Counseling Associates, a mental health and substance abuse service company. His experience includes implementing appropriate procedures for positioning his organization's goals with successful teaming relationships, marketing and over 30 years of extensive customer service, as well as managing various departments, and being a western division facilitator working directly for a President of Sprint. Mr. Bosket has received numerous awards, such as the Pinnacle Award, for his exceptional service with his former employer combined with his community service involvements. Mr. Bosket earned a Master's of Business Administration from the University of Phoenix and a Bachelor's of Business Administration from National University. Mr. Bosket brings to the Company extensive experience in managing employees as well as extensive marketing experience which will assist the Company in moving forward with its operations.

Lowell Holden - CFO & Director

Since 1983, Mr. Holden has owned and operated his own consulting firm, LS Enterprises, Inc., which provides business consulting, accounting and other services to businesses. Mr. Holden has a broad range of business experience including managing, securing financing, structuring of transactions, and is experienced and knowledgeable in managing relationships with customers, financing institutions and stockholders. Mr. Holden also has a background in assisting companies in fulfilling their financial auditing and SEC reporting requirements. Mr. Holden also currently serves as CFO and Chief Accounting Officer of Crown Equity Holdings Inc. (OTCBB: CRWE).

Montse Zaman - Secretary & Treasurer and Director

Montse Zaman is a director and officer for Crown Equity Holdings Inc. (OTCBB: CRWE) since 2008. Prior to that, she was an administrative assistant for a private consulting company.

The strong leadership of the new management team will provide excellent leadership and direction for Cleantech Transit, Inc., as we continue to meet the needs green projects.

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 has to offer. 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.

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