Cleantech Transit Signs Letter of Intent to Acquire Discovery Carbon
Environmental Securities Corporation
LAS VEGAS, NV -- (Marketwire) -- 03/25/13 -- Cleantech Transit, Inc.
(OTCQB: CLNO) today announces it signed a Letter of Intent to acquire
Discovery Carbon Environmental Securities Corporation, a company
specializing in environmental commodities, including their creation,
trading, and brokerage (See www.discoverycarbon.com). Discovery
Carbon provides funding sources for waste to energy, clean tech, and
sustainable energy projects. It owns a proprietary sustainable energy
product and also has a carbon offset credits program that individuals
and businesses purchase and use to neutralize their own carbon
footprints (see www.evocerts.com).
The major details of the acquisition have been agreed to by both
companies and they will now move forward with the arrangement subject
to the completion and execution of a binding definitive agreement.
About Cleantech Transit, Inc.
The Company's mandate is to create
opportunities utilizing advances in technology and manufacturing
processes 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 such projects,
activities, and operations. For more information please visit the
Company's website at www.cleantechtransit.net.
About Discovery Carbon Environmental Securities Corporation.
Discovery Carbon develops offset strategies for companies,
municipalities, and countries. Its team members have traveled around
the globe, consulting on a wide array of projects that created
environmental commodities. From waste to energy projects in Israel,
to urban afforestation projects in the central valley of California,
its teams' work is intended to reflect in every client's bottom line.
Obtaining the capital needed for projects is a key focus. The
strategy is to identify renewable/sustainable energy, emission
reduction or energy efficiency projects in their early stages,
pre-fund required certifications, and then fund and place the
resulting environmental commodities. Discovery's Number 1 client is
Safe Harbor Statement: This news release includes forward-looking
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Reform Act of 1995. Any statements on this news release that are not
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that describe the Company's business strategy, outlook, objectives,
plans, intentions or goals also are forward-looking statements. All
such forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those in forward-looking statements.
Cleantech Transit, Inc.
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