SOURCE: Cleantech Transit, Inc.

March 25, 2013 11:13 ET

Cleantech Transit Signs Letter of Intent to Acquire Discovery Carbon Environmental Securities Corporation

LAS VEGAS, NV--(Marketwire - Mar 25, 2013) - Cleantech Transit, Inc. (OTCQB: CLNO) today announces it signed a Letter of Intent to acquire Discovery Carbon Environmental Securities Corporation, a company specializing in environmental commodities, including their creation, trading, and brokerage (See www.discoverycarbon.com). Discovery Carbon provides funding sources for waste to energy, clean tech, and sustainable energy projects. It owns a proprietary sustainable energy product and also has a carbon offset credits program that individuals and businesses purchase and use to neutralize their own carbon footprints (see www.evocerts.com).

The major details of the acquisition have been agreed to by both companies and they will now move forward with the arrangement subject to the completion and execution of a binding definitive agreement.

About Cleantech Transit, Inc.
The Company's mandate is to create opportunities utilizing advances in technology and manufacturing processes 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 such projects, activities, and operations. For more information please visit the Company's website at www.cleantechtransit.net.

About Discovery Carbon Environmental Securities Corporation.
Discovery Carbon develops offset strategies for companies, municipalities, and countries. Its team members have traveled around the globe, consulting on a wide array of projects that created environmental commodities. From waste to energy projects in Israel, to urban afforestation projects in the central valley of California, its teams' work is intended to reflect in every client's bottom line. Obtaining the capital needed for projects is a key focus. The strategy is to identify renewable/sustainable energy, emission reduction or energy efficiency projects in their early stages, pre-fund required certifications, and then fund and place the resulting environmental commodities. Discovery's Number 1 client is the environment. 

Safe Harbor Statement: This news release includes forward-looking statements pertaining to future anticipated projected plans, performance and developments, intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. Any statements on this news release that are not statements of historical fact should be considered forward-looking statements. These forward-looking statements generally can be identified by phrases such as "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "intends," or other words or phrases of similar import. Similarly, statements in this news release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.