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Advanced Clean Technologies to Make Application to Pink Sheets for Current Information Tier

 
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    HUNTINGTON BEACH, Calif., Nov 30, 2009 (BUSINESS WIRE) ----Advanced Clean Technologies, Inc. (PINKSHEETS:ACTH) reported today that the Company is making application to Pink Sheets OTC to be moved up from its current Limited Information Tier to Current Information Tier. All current and potential shareholders will have access to the Company's Initial Company Information and Disclosure Statement, as well as other associated financial documents that are required to achieve Current Information Status with Pink OTC Markets, Inc.

    Pink Sheets Current Information companies are those that submit filings to Pink Sheet regulators on a quarterly and annual basis with powers of review and that make the filings publicly available, or non-reporting companies that make current information publicly available on the Pink Sheets News Service pursuant to Pink OTC Markets Guidelines for Providing Adequate Current Information. (http://www.pinksheets.com/content/doc/ps/Disclosure/Guidelines/2.pdf). The Current Information category is based on the level of disclosure.

    According to Pink OTC Markets, securities of Pink Sheet companies that provided current disclosure to the public markets, either through a regulator or directly to Pink OTC Markets, represented 80.2% of all the dollar volume traded so far in 2009. The average dollar volume per security in 2009 has averaged $81,259,055, for securities that obtained Current Information Status with Pink OTC Markets, compared to $745,812, which is the average dollar amount per security with No Information.

    Pink OTC Markets, Inc. provides inter-dealer electronic quotation and trading system in the over-the-counter (OTC) securities market. Pink OTC Markets operates the third largest U.S. equity trading venue, which requires strong standards for companies that fall under the Pink Sheets Current Information banner. The Current Information tier is for stronger OTC-traded companies that can satisfy financial and disclosure listing standards. Pink OTC Markets offers widespread access to all U.S. broker-dealers, enabling investors to seamlessly trade these securities through their institutional, online, or full-service brokers.

    "Achieving Current Information Status with Pink OTC Markets is a major milestone in the Company's overall corporate strategy to improve shareholder transparency and boost liquidity of our stock. We expect that potential and current investors who have been following our Company will now feel more comfortable buying shares in our company given our higher level of transparency," stated Russell Kidder, CEO of Advanced Clean Technologies.

    Kidder continues, "In addition, we are in the beginning stages of forming a Board of Advisors to improve the Company's presence and awareness within Environmental circles in North America that will improve the Company's presence and build relationships directly with the Department of Energy and the Department of the Interior, which together have recently proposed a total of $77.2 billion in 2010 of new funding for Clean Energy projects."

    About Advanced Clean Technologies, Inc.

    Advanced Clean Technologies, Inc. is committed to a safer environment. We provide cost-effective, environmentally-safe, remediation solutions to today's hazardous waste problems. Our wholly owned subsidiary, American Petroleum Solutions, Inc., provides oil field and heavy construction remediation services for projects complicated by environmental, regulatory, and other issues. Our experience ranges from soil remediation to complex, petroleum services related projects throughout North America. Founded by engineering professionals with environmental construction and remediation engineering backgrounds, APS provides our clients the benefit of a combination of practical solutions and technical experience in working with hazardous substances that are unique to the construction and remediation industry. Other past major project experience includes the Mobil Oil -- Torrance Refinery, Southern California Gas Company, Southern California Edison Company and the Long Beach Unified School District.

    For more information about Advanced Clean Technologies, Inc., please visit our website, http://www.actcleantech.com.

    A number of statements referenced in this Release, and any other interviews that have been made, are forward-looking statements, which are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995, and within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, and goals, assumption of future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this actions may be identified through the use of words such as "expects," "will," "anticipates," "estimates," "believes," or statements indicating certain actions "may, "could," or "might," occur. Such statements reflect the current views of the company's management with respect to future events and are subject to certain assumptions, including those described in this release. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products, services, and technologies, competitive market conditions, successful closing of acquisition transactions and their subsequent integration, the ability to secure additional sources of financing, the ability to reduce operating expenses, and other factors described in the Company's filings with the Pink Sheets. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The Company does not undertake any responsibility to update the "forward-looking" statements contained in this news release.

    SOURCE: Advanced Clean Technologies, Inc.

       Advanced Clean Technologies, Inc. 
       Investor Relations 
       Joseph Rizzo, 954-357-3827
       
    Copyright Business Wire 2009

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