Thursday, October 30, 2008

CleanTech BioFuels, Inc. (CLTH.OB) Announces QualityStocks Coverage

CleanTech BioFuels, Inc. will be featured in upcoming Daily Newsletters, Daily Blogs, Message Boards, and the Small Cap Daily Internet broadcasts put out by QualityStocks. QualityStocks has over 740,000 subscribers to The Daily Stock Newsletter, which is a free service that collects data from hundreds of Small-Cap and Micro-Cap online Investment Newsletters and puts it all into one Free Daily Newsletter Report.

Ed Hennessey, CEO of CleanTech, has the company focused on developing ground-breaking technologies to convert cellulosic material found in municipal solid waste (MSW) into ethanol. Americans throw away over 250 million tons of garbage every year. Out of all that garbage, approximately 32 percent is recovered and recycled or composted, 14 percent is burned at combustion facilities, and the remaining 54 percent (or 135 million tons of garbage) is disposed of in landfills. The demand for the production of ethanol has grown to incredible levels with the recent volatility in oil prices and recently enacted legislation requiring a production rate of 36 billion gallons of ethanol per year by 2022.

Recently, CleanTech Biofuels acquired the patent crucial to their work in alternative fuels. The patent, which was formerly a sublicense of World Waste Technologies’ patented process, covers the method for transforming diverse pulp and paper products into a homogenous cellulosic feedstock by process of pressurized steam. That feedstock, which is organic waste matter, is then transformed into a clean burning ethanol through a two-step process which CleanTech is perfecting.

Mr. Hennessey stated, “CleanTech has a unique and solid business foundation, and appreciates the opportunity to sponsor the Quality Stocks Newsletter, Video and Blogs. QualityStocks is providing a much needed service in the micro-cap and small-cap markets.”

Michael McCarthy, Director of Business Development for QualityStocks.net, stated that QualityStocks is very pleased to have CleanTech BioFuels as a featured company. McCarthy added that the company, CLTH, is methodically establishing itself as a category leader.

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