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Cleantech Solutions Appoints Adam Wasserman as Chief Financial Officer



    Cleantech Solutions Appoints Adam Wasserman as Chief Financial Officer

PR Newswire

WUXI, China, Dec. 18, 2012

 

WUXI, China, Dec. 18, 2012 /PRNewswire-FirstCall/ --  Cleantech Solutions
International, Inc. ("Cleantech Solutions" or "the Company") (NASDAQ: CLNT), a
manufacturer of metal components and assemblies, primarily used in the wind
power, solar and other clean technology industries, today announced that the
Company's Board of Directors appointed Adam Wasserman as its Chief Financial
Officer, effective on December 10, 2012, following the resignation of Ms.
Wanfen Xu on the same day.

Ms. Xu's resignation did not result from any disagreement with the Company on
any matters relating to its operations, policies or practices.

Previously, Mr. Wasserman had served as the Company's Vice President of
Financial Reporting since 2008, under the terms of a consulting agreement
between Cleantech Solutions and CFO Oncall, Inc., which provides chief
financial officer services to various companies. Mr. Wasserman holds a
bachelor of science from the State University of New York at Albany and is a
member of The American Institute of Certified Public Accountants. He is also a
director, treasurer and an executive board member of Gold Coast Venture
Capital Association and has been a director of CD International Enterprises,
Inc. since January 2010.

"We are pleased to have Adam take a more senior leadership role as he brings a
very strong skill set and extensive experience in U.S. GAAP accounting,
finance, and capital markets. We believe his experience with U.S. publicly
traded companies and his long-term involvement with the Company is a great fit
to our current needs," said Mr. Jianhua Wu, Chairman and CEO of Cleantech
Solutions.

About Cleantech Solutions International

Cleantech Solutions is a manufacturer of metal components and assemblies,
primarily used in clean technology industries. The Company supplies forging
products, fabricated products and machining services to a range of clean
technology customers, primarily in the wind power sector, and supplies dyeing
and finishing equipment to the textile industry. Cleantech Solutions is
committed to achieving long-term growth through ongoing technological
improvement, capacity expansion, and the development of a strong customer
base. The Company's website is www.cleantechsolutionsinternational.com. Any
information on the Company's website or any other website is not a part of
this press release.

Safe Harbor Statement

This release contains certain "forward-looking statements" relating to the
business of the Company and its subsidiary and affiliated companies. These
forward looking statements are often identified by the use of forward-looking
terminology such as "believes," "expects" or similar expressions. Such forward
looking statements involve known and unknown risks and uncertainties that may
cause actual results to be materially different from those described herein as
anticipated, believed, estimated or expected. Investors should not place undue
reliance on these forward-looking statements, which speak only as of the date
of this press release. The Company's actual results could differ materially
from those anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission and
available on its website, including factors described in "Risk Factors" in our
Form 10-K for the year ended December 31, 2011 and "Management's Discussion
and Analysis of Financial Condition and Results of Operations" in our Form
10-K for the year ended December 31, 2011 and our Form 10-Q for the quarter
ended September 30, 2012. Any information on the Company's website or any
other website is not a part of this press release. All forward-looking
statements attributable to the Company or to persons acting on its behalf are
expressly qualified in their entirety by these factors other than as required
under the securities laws. The Company does not assume a duty to update these
forward-looking statements.

                                                 Investor Relations Contact:

Company Contact:                                 CCG Investor Relations

Cleantech Solutions International, Inc.          Mr. Crocker Coulson,
                                                 President
Mr. Adam Wasserman, Chief Financial Officer
                                                 Phone: +1-646-213-1915 (New
E-mail:                                          York)
adamw@cleantechsolutionsinternational.com
                                                 E-mail:
Web: www.cleantechsolutionsinternational.com     crocker.coulson@ccgir.com

                                                 Web: www.ccgirasia.com

SOURCE Cleantech Solutions International, Inc.

Website: http://www.cleantechsolutionsinternational.com
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