PRZOOM - /newswire/ -
London, United Kingdom, 2008/02/29 - Clean Coal Technologies, Inc. (Pink Sheets:CCTC), a clean energy technology company, announced today that their Board of Directors has approved a 5-for-1 forward split of the Company's common stock, effective on the record date of January 28 - CleanCoalTe.
Doug Hague, Chief Executive Officer and member of the Board of Directors of the Company, says, "This forward stock split is intended to increase the liquidity of our stock and diversify our shareholder base, in the interest of both our investors, and our strategy for growth."
As of January 28, 2008 Clean Coal Technologies, Inc. had 81,608,196 shares of common stock issued and outstanding.
After this forward split, the Company will have approximately 408,040,980 shares of its common stock issued and outstanding.
About Clean Coal Technologies, Inc.
Clean Coal Technologies, Inc. (cleancoaltechnologiesinc.com) owns a patented technology to reduce the contaminants and pollutants created by the burning of coal through a patented multi-stage process that transforms coal with high levels of impurities, contaminants and other polluting elements into an efficient, clean and inexpensive source of high energy, low polluting fuel.
Matters discussed in this press release contain forward looking statements. Investors are cautioned that such forward looking statements involve risk and uncertainties, which could significantly impact the actual results, performance or achievements of the Company. Such risks and uncertainties include, but are not limited to, the time frame for production of revenue, product development and commercial introduction, the impact of rapid price and technological change and competition, manufacturing and supply uncertainties and other risks.
SOURCE: Clean Coal Technologies, Inc.