VANCOUVER, April 19 /CNW/ - Clean Energy Combustion Systems Inc.
(CECU:PK) is pleased to announce the completion of private placements and the
appointments of Connie Linder as Vice President, effective February 22, 2007,
and R. Derek Frost and Gary F. Kissack as Company Directors, effective
April 10, 2007.
Clean Energy has completed several financings, including a convertible
debenture for US $415,593, and private placements totaling US $335,000
consisting of one common share and one share purchase warrant. Each warrant
entitles the holder to purchase an additional common share at exercise prices
of US $0.25 and US $0.35 for a period of one year from date of closing.
Through these financings Clean Energy secures working capital to obtain
licenses for its Landfill Gas (LFG) to Compressed Natural Gas (CNG) conversion
pilot project now underway in Shenzhen, China, and to maintain corporate
compliance/filings and conduct due diligence, as well as to provide general
operating capital for other business opportunities.
Ms Linder is Principal of Insight Creative Communications, and has spent
15 years in policy-making, board governance, and communications and marketing
activities in both the private and public sector arenas.
Ms Linder also has substantial financial experience gained from previous
positions as Vice President, Global Marketing with AssistGlobal Technologies
Corporation, Investment Advisor and Portfolio Manager at Goepel McDermid
Securities (now Raymond James), and as co-founder, CFO and Director of
Churchill Armoured Car. During her career, Ms Linder has raised more than
$1 million in private donations and investment capital for non-profit, private
and public companies.
She has a BA and MBA, and has completed the Canadian Securities
Institute's Canadian Securities Course and Professional Financial Planners
R. Derek Frost
Mr. Frost, Chairman and CEO of RDF Group of Companies, has more than 25
years of broad experience in the financial industry. He has acted as an
investment banker as well as merchant banker for private and public companies,
and has held such positions as International Money Market Trader with the TD
Bank, Director of Business Development (Corporate Services) for International
and National Trust, and Executive Vice President for Nova Bancorp Capital
Throughout his career, Mr. Frost has raised hundreds of millions of
dollars either through the retail, syndication, and/or institutional financial
Mr. Frost sits on the board of directors of a publicly-traded corporation
and various private corporations. He holds a B.Comm, BA, and a Fellowship of
Gary F. Kissack
Mr. Kissack has more than 12 years of diverse experience as an
entrepreneur and lawyer. His practice concentrated on corporate finance and
securities, including private equity and mergers and acquisitions.
He has also acted as an investment and merchant banker as well as lawyer
to private and public companies. Mr. Kissack sits on the board of directors of
a publicly-traded corporation and various private corporations. He is
currently a financial consultant, investment banker and a sole practitioner.
Mr. Kissack was called to the Bar in 1994, then became an Associate and
subsequently Partner at Goodman and Carr LLP. He has a BA and a LLB.
ABOUT CLEAN ENERGY
Clean Energy is a development-stage US public company, based in
Vancouver, Canada, that is dedicated to the development and implementation of
renewable power generation and technologies, and to offering stakeholders
environmental solutions and significant potential benefits. The Company is
actively moving forward to acquire long-term contracted and indexed revenues
from the commercialization of its proprietary technologies and development of
renewable energy projects.
The company's shares trade on the OTC Pink Sheets under the trading
Forward Looking Statements: Clean Energy's development plans and the
prospective potential as described in this news release constitute "forward
looking statements" within the meaning of the United States federal securities
laws that involve risks and uncertainties. Actual results may vary
substantially from expectations as a result of a variety of factors including,
by way of example and not limitation, Clean Energy's financial requirements
and current lack of capital; Clean Energy's inability to satisfactorily
complete pending or new project proposals (including with prospective licensee
or joint venture partners) and enter into binding revenue-producing contracts
based upon those proposals; including as a result of insufficient consumer
acceptance of and demand for pulse combustors; regulatory constraints; changes
in Clean Energy's business plan and corporate strategies; and the various
risks and uncertainties disclosed by Clean Energy in its various reports filed
from time-to-time with the SEC. Readers are urged to carefully review and
consider the various disclosures made by Clean Energy in its various reports
filed from time-to-time with the SEC that attempt to advise interested parties
of the risks and uncertainties that may affect Clean Energy's business and an
investment in its securities.
For further information:
For further information: visit www.clean-energy.com, or contact Clean
Energy Combustion Systems Inc., at (604) 669-1560, or firstname.lastname@example.org