Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. Cleantech Transit Inc has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

The term "biomass" refers to raw organic material used to generate a number of energy resources, including heat, liquid or gaseous fuels, and electricity. Chemical energy stored in biomass can be converted to heat through combustion (burning). Biomass can be converted to liquid or gaseous fuels or can be used to generate electricity in the same way that coal is used. The electricity generated can be sent to energy consumers via electric transmission systems.

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