According to the LOI, this Intergovernmental agency would facilitate the creation of a public private partnership (PPP) with Cleantech Transit Inc. to develop, implement and operate up to 47 biomass power plants to be deployed in various member states based on their power needs. The proposed biomass plants would be a minimum of 1MW in size. The ability of intergovernmental organizations can play a pivotal role to implement biomass as one of the key power sources in numerous areas simultaneously.

"The proposed PPP by the Intergovernmental agency is an extremely positive development for our Company, giving us the potential to expand our portfolio of biomass projects rapidly and help move the company toward higher revenue numbers," said President and CEO of Cleantech Transit, Inc. Kenneth Bosket

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.