SOURCE: KleanGas Energy Technologies, Inc.

January 29, 2014 08:00 ET

Kleangas Energy Wholly Owned Subsidiary Receives a $100,000,000 Pellet Order; Will Commit to Deliver a Minimum of $20,000,000 of This Order at the Start While Continuing to Secure More Pellet Production

TAMPA, FL--(Marketwired - Jan 29, 2014) - Kleangas Energy Technologies, Inc. (OTCQB: KGET) is pleased to report that our Subsidiary Green Day Technologies, has received an Additional request for $100 million of Pellets and at the start, will commit to delivering $20 million of this pellet order while continuing to expand pellet production moving forward. This Pellet order represents a request for 50,000 metric tons a month or 600,000 metric tons over 12 months. Kget subsidiary will commit to delivering 10,000 metric tons per month or 120,000 metric tons over the next 12 months.

With the first two orders in hand, KGET is set to generate a minimum of $30,000,000 to $40,000,000 in total revenue over the next year. Profit margins on this second order will be significantly higher than the first order as payment terms are FOB Los Angeles. This buyer of pellets sets up perfect for KGET wholly-owned subsidiary Green Day, because once the logistics for delivery are set then Green Day can just expand upon this order without any addition shipment concerns. Additionally all pricing and terms will have already been set so as production increases Green Day simply increases quantity delivered.

Kleangas Energy Technology's wholly owned subsidiary, Green Day, is quickly positioning itself as a premier provider of pellets. Green Day is currently in negotiations on more than one location to acquire and/or partner with others to build out, grow and expand its own facilities for pellet production. As Green Day expands its own pellet production and pellet supply, profitability of these accounts moving forward will dramatically increase.

Bo Linton CEO of Kleangas Technologies, Inc., stated, "As I have mentioned before, the first order was just the tip of the iceberg. This second pellet order confirms our ability to secure and expand on our supply of pellet inventory so that we may continue to accept several more orders moving forward. It truly is exciting to be a part of a company that is not only on an aggressive growth trajectory but one that is in such a dynamic industry improving our planet's environment."

Kleangas:

Kleangas Energy Technologies is a research and development company dedicated to producing alternative clean technologies that promote energy efficiency throughout a wide range of applications. Kleangas designs, develops and markets various technologies including Oxy-Hydrogen on-demand generators, Reverse Fuel Cells, solar to Hydrogen fuel cells, and other products to deliver a clean gas that provides energy savings, emissions reductions of diesel fuel, and other natural gas applications. All of our products are designed to assist companies in reducing operational costs, providing a competitive advantage and increasing our customers' profitability. Green Day Technologies Inc. has licensed patented waste heat to electric power generation technology and works as a co-generator when installed on a primary electrical generator unit. It is also powerful enough to serve as a primary energy source. Green Day also has pending contracts to sell refuse and biomass derived pellets, which are alternatives to producing electricity instead of the traditional method of burning coal.

Safe Harbor Statement:

Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Kleangas or KGET or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein 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.

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