Clean Coal Technologies, Inc. Announces Business Merger with NewStream Energy Technologies Group, Inc.
Clean Coal Technologies, Inc. (OTC PINK:CCTC) has completed its merger with NewStream Energy Technologies Group Inc.. This merger enhances CCTC's clean technology offerings as NewStream is known for its innovative energy generation technologies aimed at carbon capture, sequestration, and decarbonization. Following the merger, the company will rebrand to NewStream Energy Technologies Group Inc. and change its ticker symbol to NSET. CEO Patrick Imeson expressed optimism about the merger, highlighting the potential for lower-cost power generation and valuable byproducts. Further developments are expected to be announced soon.
- Merger with NewStream enhances clean technology capabilities.
- Access to transformative energy generation technologies for carbon capture and decarbonization.
- Potential for lower-cost power and additional valuable byproducts.
- None.
NEW YORK, NY / ACCESSWIRE / April 25, 2023 / Clean Coal Technologies, Inc., (OTC PINK:CCTC) (the "Company"), a clean-energy company utilizing patented and proven technology to convert run of mine coal into a cleaner burning and more efficient stabilized fuel, today announced the completion of merger with NewStream Energy Technologies Group Inc. ("NewStream")
"We are pleased to announce the completion of our merger and expansion into new clean technologies," stated Patrick Imeson, Chief Executive Officer and Director. "NewStream is an established platform technology company that owns and has global licenses for transformative, proven, energy generation technologies for carbon capture, sequestration and decarbonization to provide cleaner, lower cost power and other valuable byproducts."
Upon confirmation from FINRA the combined company will change its name to NewStream Energy Technologies Group Inc., and its ticker symbol to NSET.
Further updates will be announced in the upcoming weeks.
About Clean Coal Technologies Inc.
Clean Coal Technologies, Inc., a cleaner-energy technology company with headquarters in New York City, NY, holds patented process technology and other intellectual property that converts raw coal into a cleaner burning fuel.
About NewStream Energy Technologies Group Inc.
NewStream Energy Technologies Group Inc. is an established platform technology company that owns and has global licenses for transformative, proven, energy generation technologies for carbon capture, sequestration and decarbonization to provide cleaner, lower cost power and other valuable byproducts.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the 'safe harbor' created by those sections. All statements in this release that are not based on historical fact are 'forward looking statements.' These statements may be identified by words such as 'estimates,' 'anticipates,' 'projects,' 'plans,' 'strategy,' 'goal,' or 'planned,' 'seeks,' 'may,' 'might', 'will,' 'expects,' 'intends,' 'believes,' 'should,' and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address operating performance or events or developments the Company expects or anticipates will occur in the future, such as the closing of transactions, stated objectives or goals, refinement of strategy, attempts to secure additional financing, exploring business alternatives, or that are not otherwise historical facts, are forward-looking statements. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and other sections of reports filed from time to time with the Securities and Exchange Commission ('SEC'). We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based.
Investor Contact
Rich Matthews
Managing Partner
Integrous Communications
604-355-7179
rmatthews@integcom.us
SOURCE: Clean Coal Technologies, Inc.
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FAQ
What is the significance of the merger between Clean Coal Technologies and NewStream?
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