MIAMI, FL -- (MARKET WIRE) -- 07/31/08 -- Wall Street Press Wire (www.WallStreetPressWire.com) is please to highlight its "stocks on the move" for Thursday. Our list includes: CleanTech Biofuels, Inc. (OTCBB: CLTH), SIRIUS Satellite Radio Inc. (NASDAQ: SIRI), GE (NYSE: GE) and Visa Inc. (NYSE: V).
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 additional 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.
Wednesday after the markets closed, the company issued an important press release announcing that Biomass Magazine, a leading industry publication, highlights the company's proposed commercial development in Chicago, Illinois, in an article released on the web earlier this week. The article will also appear in their magazine to be published in August. The full text of the article is available online: (http://www.biomassmagazine.com/article.jsp?article_id=1810&q=hennessey).
In other major breaking news this week, the company reported that it intends to use its proprietary technology at a commercial site in Chicago, Illinois, to produce cellulosic biomass as solid fuel for the production of electricity.
The press release states that beginning commercial production of biomass for electricity will allow CleanTech to develop significant revenue more quickly than originally anticipated! Tests on the feasibility of using the biomass from CleanTech's processes for electricity production indicated that the energy value (or Btu value) is approximately 75 percent that of coal. Testing also indicates that the biomass has substantially less pollutants in emissions from combustion than other refuse derived fuels and coal.
CleanTech believes that this approach will dramatically lower the cost of its first commercial ethanol plant. By using the infrastructure it constructs for electricity production to support cellulosic ethanol production at the same site in the future, CleanTech believes that it will be able to incrementally increase the amount of MSW processed at the site daily to support both operations.
"We look at the application of biomass co-fired with coal as the low hanging fruit that can be done commercially right now," CleanTech CEO, Ed Hennessey, said, "Coal prices have increased dramatically in recent years and that has increased the value of the energy content in our biomass." Hennessey further added, "We are looking to develop a plant in Chicago using the biomass as solid fuel to produce electricity with traditional debt and bond financing to fund a significant part of the development costs. When our cellulosic ethanol conversion technology is ready for commercial implementation, we hope to use the infrastructure at the existing plant to add a cellulosic conversion plant to the same site."
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=66.
The stock closed Wednesday at Ninety One a share.
SIRIUS Satellite Radio Inc. (NASDAQ: SIRI) up 4.4% on 156.7 million shares traded.
SIRIUS, "The Best Radio on Radio," delivers more than 130 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 69 music channels. SIRIUS also delivers 65 channels of sports, news, talk, entertainment, traffic, weather and data.
GE (NYSE: GE) up 2% on 55.4 million shares traded.
GE is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world's toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide.
Visa Inc. (NYSE: V) up 3.2% on 19 million shares traded.
Visa Inc. operates the world's largest retail electronic payments network providing processing services and payment product platforms. This includes consumer credit, debit, prepaid and commercial payments, which are offered under the Visa, Visa Electron, Interlink and PLUS brands.
Wall Street Press Wire:
Wall Street Press Wire (WSPW) is the premiere 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.