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), VeraSun Energy Corporation (NYSE: VSE), BIOFUEL ENERGY CORP. (NASDAQ: BIOF) and Cosan Limited (NYSE: CZZ).
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.
VeraSun Energy Corporation (NYSE: VSE) up 1.6% on 1.4 million shares traded.
VeraSun Energy Corporation, headquartered in Brookings, S.D., is a leading producer of renewable fuel. Founded in 2001, the company has more than 1.4 billion gallons of annual ethanol production capacity through 14 biorefineries.
BIOFUEL ENERGY CORP. (NASDAQ: BIOF) down 0.3% on 745,000 shares traded.
BioFuel Energy is a development stage company currently engaged in constructing two 115 million gallons per year ethanol plants in the Midwestern corn belt. The Company's goal is to become a leading ethanol producer in the United States by acquiring, developing, owning and operating ethanol production facilities.
Cosan Limited (NYSE: CZZ) down 1.4% on 617,000 shares traded.
Cosan Limited through its subsidiaries, engages in the manufacture and sale of sugar and ethanol primarily in Brazil. It grows and processes sugarcane to produce standard sugars, including raw sugar, crystal sugar, and organic sugar; and refined sugars, including granulated refined white sugar, amorphous refined sugar, refined sucrose liquid sugar, and refined inverted liquid sugar. The company also produces and sells hydrous, anhydrous, and industrial ethanol.
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