Clean Coal Technologies, Inc. (CCTI) Announces Agreement With McGovern Capital LLC
CORAL SPRINGS, Fla.--
Clean Coal Technologies, Inc. (Pink Sheets:CCTC), a clean energy technology company, announced today that it has signed a consulting agreement with McGovern Capital, LLC. Per the agreement, McGovern Capital will provide strategic business consulting and guidance, including devising a strategic program for the protection, licensing and engagement of potential business partners utilizing CCTI's intellectual property rights.
McGovern Capital, based in New York City and Palm Beach, Florida, is a leading private investment firm and global intellectual property rights strategist. McGovern Capital has been a participant in approximately 20 joint ventures or alliances, approximately half of which have been foreign entities.
Kevin McGovern, Chairman and CEO of McGovern Capital and a founder, or key shareholder of more than 15 companies, was named Cornell Entrepreneur of the Year 2007. The Cornell Entrepreneur of the Year award is given annually to a Cornell graduate who best exemplifies entrepreneurial achievement, community service and high ethical standards. Six of the companies in which Kevin McGovern is a founder/principal/chief strategist are/or were leaders in their respective industry's product categories.
McGovern is also co-chairman of Angstrom Publishing, which publishes with Forbes the Forbes/Wolfe Emerging Tech Report, and of the Silver Shield Foundation, which provides scholarships and other benefits to the children of police and firefighters killed in the line of duty in New York, Connecticut and New Jersey.
Doug Hague, CCTI Chief Executive Officer and member of the Board of Directors of the Company, says, "Our company is very pleased to have a person of Kevin's stature and experience serve as a consultant to our team, and we are confident that this will be a very beneficial arrangement for our company as we continue to explore new business challenges and strategic relationships in both the international arena, and the domestic market."
About Clean Coal Technologies, Inc.:
Clean Coal Technologies, Inc. owns a patented technology to transform coal with high levels of impurities and contaminants into an efficient, clean-burning energy resource. This technology is being developed and implemented as part of a joint venture in China, in conjunction with the Company's scientific technology consultant, a Fortune 500 company. Discussions are also continuing with regard to establishing similar operations in India and other Asian countries.
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.
Released March 27, 2008