MIAMI, FL -- (MARKET WIRE) -- 07/09/08 -- Wall Street Press Wire (www.WallStreetPressWire.com) is please to highlight its "stocks on the move" for Wednesday. Our list includes: CleanTech Biofuels, Inc. (OTCBB: CLTH), Archer Daniels Midland Company (NYSE: ADM), Aventine Renewable Energy Holdings, Inc. (NYSE: AVR) and Gushan Environmental Energy Limited (NYSE: GU).
With major breaking news just released, Wall Street Press Wire is beginning its in-depth coverage of CleanTech Biofuels, Inc. (OTCBB: CLTH), a development stage company with technology capable of converting municipal solid waste into ethanol.
Tuesday after the markets closed, the company issued an important press release announcing that that it has entered into an agreement for an investment or placement into the Company of up to $3,000,000 via a Regulation S Offering on a best efforts basis.
This news should be welcomed by the company and its investors, as the press release states that the placement is expected to be funded in the third quarter of this year and will enable CleanTech to complete the design and engineering for its fully integrated demonstration plant and begin ordering equipment for that plant.
CleanTech Biofuels, Inc. is a development stage company with technology capable of converting municipal solid waste into ethanol. By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at negative feedstock cost, the Company expects to achieve profitability quickly relative to other ethanol producers who must develop their infrastructure to collect and transport more expensive feedstocks such as sugar cane, corn or even switch grass, wood waste, or corn stover.
Wall Street Press Wire's in-depth profile for CleanTech Biofuels is available at: http://www.wallstreetpresswire.com/page.php?BN_UID=65
The stock closed Tuesday at $1.12 a share.
Archer Daniels Midland Company (NYSE: ADM) up 0.3% on 5 million shares traded.
Archer Daniels Midland Company (ADM) is the world leader in BioEnergy and has a premier position in the agricultural processing value chain. ADM is one of the world's largest processors of soybeans, corn, wheat and cocoa.
Aventine Renewable Energy Holdings, Inc. (NYSE: AVR) up 1.9% on 940,000 shares traded.
Aventine is a leading producer, marketer and end-to-end distributor of ethanol to many leading energy companies in the United States. Aventine is also a marketer and distributor of biodiesel. In addition to ethanol, Aventine also produces distillers grains, corn gluten feed, corn germ and brewers' yeast.
Gushan Environmental Energy Limited (NYSE: GU) down 2.6% on 1.6 million shares traded.
Gushan Environmental Energy is China's largest producer of biodiesel, as measured by annual production capacity. The company produces biodiesel, a renewable, clean-burning and biodegradable fuel, primarily from vegetable oil offal and used cooking oil, and by-products from biodiesel production, including glycerine, plant asphalt, erucic acid and erucic amide.
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