Clean Energy Combustion Systems Inc. announces the completion of private placements, and names Connie Linder as Vice President,
April 19 2007 - 4:00PM
PR Newswire (US)
VANCOUVER, April 19 /PRNewswire-FirstCall/ -- 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. Connie Linder 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
Course. 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 Management Inc. Throughout his career, Mr.
Frost has raised hundreds of millions of dollars either through the
retail, syndication, and/or institutional financial marketplace.
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 Banking. 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 symbol CECU:PK 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. CONTACT: visit
http://www.clean-energy.com/, or contact Clean Energy Combustion
Systems Inc., at (604) 669-1560, or DATASOURCE: Clean Energy
Combustion Systems Inc. CONTACT: visit
http://www.clean-energy.com/, or contact Clean Energy Combustion
Systems Inc., at (604) 669-1560, or
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