REGINA, Saskatchewan, Dec. 21, 2010 /PRNewswire/ -- Clean Power Concepts Inc. ("Clean Power")(OTC Bulletin Board: CPOW), today announced its operating subsidiary General Bio Energy Inc. ('General Bio') was recently named as one of Canada's top 50 emerging growth companies by Profit Magazine.
"Each year Profit Magazine names fifty organizations that have experienced tremendous growth," comments Michael Shenher, Clean Power's President and CEO. "We're thrilled that General Bio has been included on the Profit Magazine 2010 'Hot Fifty List' among some very innovative companies during tough economic times."
The ranking was based on General Bio's impressive sales growth of its agricultural based bio-tech products including essential oils and vegetable oil seed proteins. General Bio was formed in 2006 and has successfully developed a consumer base for its environmentally friendly products over the last four years. Revenues continue to grow, as evidenced by sales during the six month period ended October 31, 2010, which increased by 133% versus the six period ended October 31, 2009.
Shenher added, "We at Clean Power are honored that we've been included on a list which the editors of Profit Magazine refer to as:
"...entrepreneurial bright lights who have shown a keen eye for exploiting under-served niches, a willingness to take risks, a ruthless attention to cost control and, above all, a passionate commitment to delivering value to their customers."
Shenher concluded by commenting, "It's wonderful that the hard work and dedication of our management, staff and stakeholders have translated into an appearance on Profit's Hot Fifty List. We're dedicated to serving the growth market in environmentally friendly produces and expect the upward trend of our company to continue. This recognition is definitely an indication that we're on the right track and will is a great way to end the year."
About Profit Hot Fifty
The Profit Hot Fifty is the definitive ranking of Canada's Emerging Growth Companies. The Hot Fifty was Published in the October issue of Profit Magazine and in its online Profitguide.com
About Clean Power Concepts Inc.
Clean Power Concepts Inc. was incorporated in Nevada on October 17, 2005 and trades on the OTC-BB under the symbol CPOW. To implement expansion of our business in the environmentally friendly green energy industry we acquired 95.1% of General Bio Energy Inc. based on a share exchange concluded on April 29, 2010. General Bio was incorporated in Saskatchewan, Canada on February 14, 2006 and operates a fully integrated commercial oilseed crushing, bio-diesel refinery, and environmental lubricants manufacturing and bottling, and nutraceutical and food processing plant in Regina, Saskatchewan. The current plant has a crush capacity of 19.7 million liters of crushed oil annually. Its biodiesel fuel processor can produce up to 20 million liters of biofuel and biofuel additives and the crushing system can produce nearly 32.8 thousand metric tonnes of meal and protein related products for agricultural and aquaculture feedstock annually. The plant is capable of specialty and toll crushing a wide variety of oil seeds. General Bio's primary brand is: 'MOPO Environmental Lubricants' and other key trade names include: 'General Bio Health' and 'Spirit of Health', under which General Bio manufactures, distributes, and retails essential oils, camelina, canola, flax, and hemp, in various formats including capsules, gourmet cooking oils, and skin care formulations.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements." All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain cost adjustments and/or delays beyond the company's control with respect to bio energy manufacturing operations, changes in the worldwide price of agricultural commodities, crude oil, and/or certain other commodities; regulatory, legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with bio energy manufacturing operations or development activities; employee relations; transportation logistics; and the unpredictability of risks involved in the newly developing bio energy industry. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE Clean Power Concepts Inc.