Cleantech Transit, Inc. (CLNO) Acquires CrownBuyRight.com From Crown Equity
LAS VEGAS, NV -- (Marketwire) -- 02/21/13 -- Cleantech Transit, Inc.
(OTCQB: CLNO) today announced that it has acquired from Crown Equity
Holdings Inc., Crown Buy Rite (website: www.crownbuyrite.com).
"The acquisition of CrownBuyRite.com will allow Cleantech Transit,
Inc. to use its e-commerce proprietary hardware and software
technologies as an effective online manufacture and wholesale B2B
directory. A platform designed for buyers and sellers from all over
the world to have their own storefront marketplace. In fact, even the
smallest businesses can be more competitive through the power of
CrownBuyRight.com's online marketplace," stated Kenneth Bosket,
President of Cleantech Transit, Inc.
"CrownBuyRight.com is an attractive opportunity that is aligned with
our company's strategies of driving additional long-term growth and
shareholder returns," Mr. Bosket added.
About Cleantech Transit, Inc.
The Company's mandate is to create opportunities utilizing advances
in technology and manufacturing processes in order to develop
significant market share in the alternative clean energy sector. With
the growth in green energy initiatives, the Company has expanded its
focus to invest directly in specific projects that will maximize
shareholder value. Recent advances in the technology of converting
wood waste into power have greatly enhanced the economic value of the
Company's systems. A Biomass division was launched led by Phoenix
Energy to focus exclusively on generating greater returns for
manufacturing clients worldwide. For more information please visit
the Company's website at www.cleantechtransit.net.
About Crown Equity Holdings Inc.
Together with its digital network of Websites, offers advertising
branding and marketing services as a worldwide online multi-media
publisher. The company focuses on the distribution of information for
the purpose of bringing together a targeted audience and the
advertisers that want to reach them. Its advertising services cover
and connect a range of marketing specialties, as well as provide
search engine optimization for clients interested in online media
awareness. For more information visit:
This news release contains "forward-looking statements" as that term
is defined in Section 27A of the United States Securities Act of
1933, as amended and Section 21E of the Securities Exchange Act of
1934, as amended. Statements in this press release which are not
purely historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include, among
other things, the development, costs and results of new business
opportunities. Actual results could differ from those projected in
any forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with new
business opportunities and development stage companies. These
forward-looking statements are made as of the date of this news
release, and we assume no obligation to update the forward-looking
statements, or to update the reasons why actual results could differ
from those projected in the forward-looking statements. Although we
believe that any beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that any such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk
factors disclosure outlined in our annual report on Form 10-K for the
most recent fiscal year, our quarterly reports on Form 10-Q and other
periodic reports filed from time-to-time with the Securities and
Cleantech Transit, Inc.
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