Cleantech Transit, Inc. (CLNO)

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. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.

Biomass is considered to be carbon neutral because the quantity of CO2 released during combustion is the same as that absorbed by the plant during photosynthesis. This differs from fossil fuels in that, although both originate from organic matter, the carbon in fossil fuels has been locked away for millions of years, and when released during combustion, disrupts carbon dioxide levels in the atmosphere. Biomass is also considered environmentally sustainable since in many cases it is derived from the waste products of other industries such as agriculture and forestry management.

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