MIAMI, FL -- (MARKET WIRE) -- 07/16/08 -- Wall Street Press Wire's (www.WallStreetPressWire.com) "stocks on the move" for Wednesday includes: CleanTech Biofuels, Inc. (OTCBB: CLTH), Evergreen Solar, Inc. (NASDAQ: ESLR), LDK Solar Co. Ltd. (NYSE: LDK) and Gilead Sciences, Inc. (NASDAQ: GILD).
To receive FREE Mobile Stock Alerts formatted especially for your cell phone, text the word "STOCK" in the subject line to 79704.
*** This free service can be discontinued at any time by replying to any one of the alerts with the word "stop."
With major breaking news just released, Wall Street Press Wire is continuing 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 the signing of an agreement with Biomass North America Licensing, Inc. to acquire the company via merger.
This news should be welcomed by the company and its investors! Biomass North America Licensing, Inc. owns the rights to use a proprietary and patent pending technology for the production of cellulosic biomass from municipal solid waste in the United States and Canada. CleanTech will issue the shareholders of Biomass North America, 2,000,000 shares of its common stock at Closing and an additional 4,000,000 shares of its common stock upon commencing a commercial development using the technology.
The agreement provides for the development of a commercial site using the licensed technology at a transfer station currently operating in Chicago, Illinois. The proposed site for the commercial development is owned by a principal shareholder of Biomass North America.
This acquisition will complement CleanTech's existing Pressurized Steam Classification Technology for the production of fuel ethanol, and is expected to enable the Company to enter the additional business line for the production of renewable electricity from municipal solid waste.
The Biomass North America technology is currently being operated at a commercial plant in Australia where the cellulosic biomass produced from municipal solid waste is being utilized as a soil amendment. Ed Hennessey, CEO of CleanTech Biofuels, Inc., stated: "We are very pleased to acquire this new technology and anticipate moving quickly to deploy it in a commercial setting for the production of renewable energy."
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.wallstreetnewsalert.com/HotStocks/CLTH071508/default.aspx.
The stock closed Tuesday at $1.00 a share.
Evergreen Solar, Inc. (NASDAQ: ESLR) up 11.4% on 25.1 million shares traded.
Evergreen Solar, Inc. develops, manufactures and markets solar power products for residential and commercial applications globally.
LDK Solar Co. Ltd. (NYSE: LDK) up 5.6% on 3.1 million shares traded.
LDK Solar is a leading manufacturer of multicrystalline solar wafers, which are the principal raw material used to produce solar cells. LDK Solar sells multicrystalline and mono-crystalline wafers globally to manufacturers of photovoltaic products, including solar cells and solar modules.
Gilead Sciences, Inc. (NASDAQ: GILD) up 2.7% on 10.3 million shares traded.
Gilead Sciences is a biopharmaceutical company that discovers, develops and commercializes innovative therapeutics in areas of unmet medical need.
Wall Street Press Wire:
Wall Street Press Wire (WSPW) is the premier online financial destination of choice for today's investment community, and a leading provider of online press release distribution and a disseminator of electronic information. From Wall Street to Main Street, our goal is to bridge the gap between emerging publicly traded companies and shareholders across the country.
With many small publicly traded companies operating under the radar of mainstream Wall Street, our service places their news story in front of the eyes of the investment community. Utilizing a targeted distribution approach, their story reaches the top news websites on the web and thousands of investors nationwide. For more information on our products, please visit: http://www.wallstreetpresswire.com/content.php?UID=5.
Wall Street Press Wire (WSPW) is a division of Wall Street Capital Funding LLC (WSCF). WSCF also maintains a contractual, working relationship with Stock Market Alerts LLC and its' Wall Street Enews brand. WSPW is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. WSPW profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of WSPW and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and WSPW research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. WSPW disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies' discussed in this release is highly speculative and carries a high degree of risk. WSPW is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in WSPW profiled stocks.
This profile is not without bias, and is a paid release. WSCF has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. WSCF has been compensated Seventy Five Thousand Dollars (Twenty Five Thousand Dollars for current services and Fifty Thousand Dollars for previous services) for coverage of CleanTech Biofuels, Inc. (OTCBB: CLTH), by third party, Five Sigma Limited, who is non-affiliated and may hold a significant position in the stock, for services provided including dissemination of company information in this release. WSCF holds no shares of the stock. WSCF may receive additional compensation for extension of its services. Any additional compensation will be disclosed at such time that WSCF is aware of a client's desire to extend the original services. WSCF may have received shares of a company profiled in this release prior to the dissemination of the information in this release. WSCF may immediately sell some or any shares in a profiled company held by WSCF and may have previously sold shares in a profiled company held by WSCF. WSCF's services for a company may cause the company's stock price to increase, in which event WSCF would make a profit when it sells its stock in a company. In addition, WSCF's selling of a company's stock may have a negative effect on the market price of the stock.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and WSPW undertakes no obligation to update such statements.