New York, NY July 13, 2010 Aegis Capital acted as a Co-Placement Agent, William Blair & Company advised CleanTech. First Merger Capital, Inc. acted as the Co-Lead Placement Agent in this Ten Million Dollar (10MM) Offering.
Ms. Bei Lu, Chairman & CEO of CleanTech commented: "We are very pleased with the strong demand for this financing led by blue chip institutional investors in an expanded and highly oversubscribed offering. CleanTech intends to use the capital to expand significantly our production capabilities in order to fill rapidly growing orders for wind towers from our longstanding customers, including China's top three largest national utility companies. Meanwhile, CleanTech intends to apply for the listing of our common stock on a U.S. national stock exchange in the near future.
Robert Eide CEO of Aegis Capital Commented “ We are pleased to be a part of this offering and look forward to the Company progressing.” “ We still see tremendous value in the Chinese Markets.”
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CEO
Robert Eide
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reide@aegiscap.com