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Cleantech Transit, Inc. (CLNO) Acquires CrownBuyRight.com From Crown Equity Holdings Inc.


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© Marketwire 2013
2013-02-21 15:52:41 -

LAS VEGAS, NV -- (Marketwire) -- 02/21/13 -- Cleantech Transit, Inc. (OTCQB: CLNO) today announced that it has acquired from Crown Equity Holdings Inc., Crown Buy Rite (website: www.crownbuyrite.com : ctt.marketwire.com/?release=988673&id=2649148&type=1& .. ).



"The acquisition of CrownBuyRite.com will allow Cleantech Transit, Inc. to use its e-commerce proprietary hardware and software technologies as an effective online manufacture and wholesale B2B directory. A platform designed for buyers and sellers from all over the world to have their own storefront marketplace. In fact, even the smallest businesses can be more competitive through the power of CrownBuyRight.com's online marketplace," stated Kenneth Bosket, President of Cleantech Transit, Inc.





"CrownBuyRight.com is an attractive opportunity that is aligned with our company's strategies of driving additional long-term growth and shareholder returns," Mr. Bosket added.



About Cleantech Transit, Inc.



The Company's mandate is to create opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the alternative clean energy sector. With the growth in green energy initiatives, the Company has expanded its focus to invest directly in specific projects that will maximize shareholder value. Recent advances in the technology of converting wood waste into power have greatly enhanced the economic value of the Company's systems. A Biomass division was launched led by Phoenix Energy to focus exclusively on generating greater returns for manufacturing clients worldwide. For more information please visit the Company's website at www.cleantechtransit.net : ctt.marketwire.com/?release=898377&id=1706476&type=1& .. .



About Crown Equity Holdings Inc.



Together with its digital network of Websites, offers advertising branding and marketing services as a worldwide online multi-media publisher. The company focuses on the distribution of information for the purpose of bringing together a targeted audience and the advertisers that want to reach them. Its advertising services cover and connect a range of marketing specialties, as well as provide search engine optimization for clients interested in online media awareness. For more information visit: http://www.crownequityholdings.com : ctt.marketwire.com/?release=988673&id=2649151&type=1& .. .



This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new business opportunities and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.



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