Hot Penny Stock Alert – Clean Coal Technologies
Clean Coal Technologies, Inc. (OTC PK: CCTC) today announced that it has entered into a consulting contract with MMB Global Advisors (MMB). The agreement is structured so that MMB will provide strategic consulting services, which will include a reworking of CCTC’s corporate structure which will help the company become more attractive to key personnel who CCTC is interested in acquiring.
MMB will also help revamp CCTC’s industry image in an effort to attract and develop potential strategic alliances. MMB will also engage in the creation of various financial models as well as joint venture models to illustrate to potential joint venture partners how and why a partnership with CCTC could be beneficial to all parties involved. MMB will also attempt to actively court ne business and client relationships based on the marketability of CCTC’s products and technologies.
Robin Eves, CCTC CRO and member of the board of directors of the company, stated that CCTC is pleased with the partnership and is confident that MMB will help CCTC display its products and technologies.
“Our company is very pleased to have this consulting agreement with MMB, which I am confident will help CCTC’s efforts in commercializing our technology within India, China, and other targeted countries. Given the strategic importance of coal as the primary fuel source for Asia’s growing energy needs, coupled with increasing international environmental concerns, we believe CCTC’s technology provides a compelling solution, which when combined with MMB’s resources, will establish CCTC as the industry leader in the rapid growth markets of Asia” stated Eves.
Despite the promising news, CCTC shares fell $0.002 from $0.06 to $0.058 during Mondays trading. CCTC shares had traded as high as $1.20 YTD but have fallen hard as the economy floundered and companies halted spending on improving their environmental footprint and improving efficiency in favor of cost cutting and growing cash reserves.
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