ST. LOUIS, Oct. 21 /PRNewswire-FirstCall/ -- CleanTech Biofuels, Inc., (OTC Bulletin Board: CLTH) announces that market Advisors Research has initiated coverage of the company with an intermediate term price range of $1.98 for its common stock.
For the complete report please visit: http://thenewssvc.atapps.com/CLTH1008.pdf.
The research report states, "CleanTech Biofuels, Inc. is a United States-based development stage company with patented technology (licensed from the University of California Berkley) capable of converting Municipal Solid Waste (MSW) into cellulosic ethanol. The company is dedicated to pursuing leading-edge technology believing it has the most efficient and reliable process available today."
According to the research report, "The United States government has clearly supported cellulosic ethanol production, and that will not change with a new administration coming soon. When the government announces new initiatives to support renewable energy, and there is no doubt they will, ethanol or cellulosic ethanol in the sector will tend to benefit. Early entrants into cellulosic ethanol refining and marketing will benefit from the growth in the cellulosic industry. This is great news for companies like CleanTech Biofuels, Inc., who stand to make big gains regardless of whether the price of oil goes up or down."
Finally the report states: "Finding companies with the right people, product and potential are the most challenging and exciting aspect of "picking stocks." In our opinion, third-tier, mini-cap/emerging growth stocks such as CleanTech are solid candidates over the next few years, to be owned in any long-term growth investment portfolio. Their appeal lies in the large multiple of profits that can be achieved with a modest initial investment."
Additional highlights from the report include:
-- CLTH has compelling economic, political and eco friendly elements making this company very attractive to long-term investors seeking growth.
-- The United States produces over 200 tons of Municipal Solid Waste (MSW) every year.
-- Biofuels, as well as other renewable energy sources, will continue to play an important role in meeting the world's huge appetite for energy and in slowing the rapid depletion of the world's fossil fuel reserves.
-- According to the recently passed Energy Independence and Security Act of 2007, the US is projected to be a producer of 36 billion gallons of ethanol by 2022, of which 21 billion gallons is required to be advanced biofuels, such as cellulosic ethanol.
About Market Advisors:
Officers of Market Advisors, Inc. have been in business since 1983 and have provided stock market research for their clients since 1985. Company officials have been frequently quoted in a wide array of financial publications such as the Wall Street Journal, Investor Business Daily, and Barron's.
About CleanTech Biofuels, Inc.
CleanTech Biofuels, Inc. is a development stage company with technology that the company believes is capable of converting municipal solid waste into cellulosic ethanol and other products. By using the existing infrastructure for municipal solid waste collection and disposal to collect biomass at low or possibly negative feedstock cost, the Company expects to achieve profitability quickly relative to other alternative energy producers who must develop their infrastructure to collect and transport more expensive feedstocks such as sugar cane, corn or even switchgrass, wood waste, or corn stover.
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development, and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
SOURCE CleanTech Biofuels, Inc.