Clean Coal Technologies, Inc. Signs Memorandum of Understanding (MOU) with Tianjin Tianning Coal Traders, Co., Ltd. (TTCT)Font size: A | A | A 6:00 AM ET 2/17/10 | BusinessWire Doug Hague, President and Chief Executive Officer, announced today that Clean Coal Technologies, Inc. (Pink Sheets:CCTC) has signed an MOU with TTCT under which TTCT will purchase a Technology Licensing Agreement for the construction of a clean coal facility in Inner Mongolia with an initial annual production capacity of 1.5 million metric tons.
The formal signing of the CCTI Technology Licensing Agreement is expected to take place in March, 2010, and will provide for CCTI to receive incremental license fees and royalties based on production. TTCT will be responsible for obtaining all necessary licenses, permits, coal reserves, and all construction-related costs.
Mr. Hague stated, "In addition to our existing joint venture agreement in Inner Mongolia, we are very pleased to have achieved this important milestone, which represents our first Technology Licensing Agreement in China, and provides the foundation upon which the Company will be well positioned to continue to capitalize on the enormous potential of the Chinese market, while avoiding significant capital commitments."
This press release contains forward-looking statements about the Company's business prospects that involve substantial risks and uncertainties. You can identify these statements by the fact that they use words such as "anticipate," "estimate," "expect," "project," "intend," "should," "plan," "goal," "believe," and other words and terms of similar meaning in connection with any discussion of future operating or financial performance. The Company assumes no obligation to update the forward-looking statements contained in this press release as a result of new information or future events or developments.
MARKETWIRE Clean Coal Technologies, Inc. On The Verge Of A Major Rebound
Clean Coal Technologies, Inc. On The Verge Of A Major Rebound
TORONTO, ONTARIO, Feb 18, 2010 (MARKETWIRE via COMTEX) -- Clean Coal Technologies, Inc. (PINK SHEETS: CCTC)
TheMarketFinancial.com, the news portal which covers the latest Wall Street developments while delivering financial and investment intelligence to a community of highly informed investors, has issued a special independent research coverage on Clean Coal Technologies, Inc. (PINK SHEETS: CCTC).
A worldwide revolution is taking place in the mature coal industry by the way of "Clean Coal", leaving up and coming companies poised for major growth in the near future. At the forefront lies Clean Coal Technologies which looks to capitalize on the many upcoming opportunities. "Things are really starting to come together for this company's business model, and investors are starting to take notice", noted Michael Vlaicu, CEO of MIV Investments Inc. "Add the recent announcement earlier this month from President Obama on steps to boost biofuels and clean coal, and you have yourself a recipe for investment success."
Extensive research was conducted, thus MIV Investments Inc. has initiated a strong Buy Rating with a short-term price target of $1.06 for the company's stock, paired with the highest level of confidence. "Our team found this stock using our specialized Stock Market Screener, a key feature of our infamous Gold and Platinum subscriptions packages." added Michael Vlaicu. "Technical Analysis experts seem to agree that Clean Coal Technologies represents a diamond in the rough that doesn't surface all too often."
In addition an announcement of the company's formal signing of the CCTI Technology Licensing Agreement which is expected to take place in March, 2010.
TheMarketFinancial.com is a website which hosts services for MiV Investments Inc. The news portal contains, stock market tools, technical chart videos, free level 2 quotes, stock research reports, conference calls, news feeds, mass e-mail distribution alerts, live TV feeds, stock commentaries, company profiling, premium memberships and other unique content including expert stock analysis from a variety of accomplished authors and stock market analysts. TheMarketFinancial is not paid, compensated or in any way incentivized to report news and developments about publicly traded companies, unless otherwise stated. Occasionally, the company obtains and engages in investor relations contracts.
i dont know if i am understanding this right, but does that mean that the short interest is increasing and if we get some volume on monday or next week with a PR they will be forced to sell to cover their ends? If so, I might have to wait for a pull back to get back in right?
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