ST. LOUIS, Oct. 21 /PRNewswire-FirstCall/ -- CleanTech Biofuels, Inc.,
(OTC Bulletin Board: CLTH) announces that market Advisors Research has
initiated coverage of the company with an intermediate term price range of
$1.98 for its common stock.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080106/CLSU020LOGO)
For the complete report please visit:
http://thenewssvc.atapps.com/CLTH1008.pdf.
The research report states, "CleanTech Biofuels, Inc. is a United
States-based development stage company with patented technology (licensed from
the University of California Berkley) capable of converting Municipal Solid
Waste (MSW) into cellulosic ethanol. The company is dedicated to pursuing
leading-edge technology believing it has the most efficient and reliable
process available today."
According to the research report, "The United States government has
clearly supported cellulosic ethanol production, and that will not change with
a new administration coming soon. When the government announces new
initiatives to support renewable energy, and there is no doubt they will,
ethanol or cellulosic ethanol in the sector will tend to benefit. Early
entrants into cellulosic ethanol refining and marketing will benefit from the
growth in the cellulosic industry. This is great news for companies like
CleanTech Biofuels, Inc., who stand to make big gains regardless of whether
the price of oil goes up or down."
Finally the report states: "Finding companies with the right people,
product and potential are the most challenging and exciting aspect of "picking
stocks." In our opinion, third-tier, mini-cap/emerging growth stocks such as
CleanTech are solid candidates over the next few years, to be owned in any
long-term growth investment portfolio. Their appeal lies in the large multiple
of profits that can be achieved with a modest initial investment."
Additional highlights from the report include:
-- CLTH has compelling economic, political and eco friendly elements
making this company very attractive to long-term investors seeking growth.
-- The United States produces over 200 tons of Municipal Solid Waste (MSW)
every year.
-- Biofuels, as well as other renewable energy sources, will continue to
play an important role in meeting the world's huge appetite for energy and in
slowing the rapid depletion of the world's fossil fuel reserves.
-- According to the recently passed Energy Independence and Security Act
of 2007, the US is projected to be a producer of 36 billion gallons of ethanol
by 2022, of which 21 billion gallons is required to be advanced biofuels, such
as cellulosic ethanol.
About Market Advisors:
Officers of Market Advisors, Inc. have been in business since 1983 and
have provided stock market research for their clients since 1985. Company
officials have been frequently quoted in a wide array of financial
publications such as the Wall Street Journal, Investor Business Daily, and
Barron's.
About CleanTech Biofuels, Inc.
CleanTech Biofuels, Inc. is a development stage company with technology
that the company believes is capable of converting municipal solid waste into
cellulosic ethanol and other products. By using the existing infrastructure
for municipal solid waste collection and disposal to collect biomass at low or
possibly negative feedstock cost, the Company expects to achieve profitability
quickly relative to other alternative energy producers who must develop their
infrastructure to collect and transport more expensive feedstocks such as
sugar cane, corn or even switchgrass, wood waste, or corn stover.
Safe Harbor:
This release may contain forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The risks and
uncertainties that may affect the operations, performance development, and
results of the Company's business include but are not limited to fluctuations
in financial results, availability and customer acceptance of our products and
services, the impact of competitive products, services and pricing, general
market trends and conditions, and other risks detailed in the Company's SEC
reports.
SOURCE CleanTech Biofuels, Inc.