Tampa, FL(Oct 3rd, 2013 - Accesswire)-Kleangas Energy Technologies,Inc.(OTCQB:KGET) announces that the Lender, listed in the last quarterly statement, has acknowledged receipt of the full payment of the Promissory Note dated August 15th ,2012 in the principal loan amount of $275,000 as well as receipt of full payment of any interest accrued. The satisfaction of the note was satisfied without the issuance of any additional shares to the note holder since the S-1 Registration Statement.
The company CEO, William Wylie, stated "This certainly is good news for our shareholders and the company balance sheet. The satisfaction of this promissory note will be reflected in our next applicable quarterly statement. The company is pleased that the note was satisfied without any further dilution to the company's current issued and outstanding shares since the S-1 registration."
KleanGas Energy Technologies is a research and development company dedicated to producing alternative clean technologies that promote energy efficiency throughout a wide range of applications. KleanGas designs, develops and markets various technologies including Oxy-Hydrogen on-demand generators, Reverse Fuel Cells, solar to Hydrogen, Welding, Cutting and other products to deliver a clean gas that provides energy savings, emissions reductions, on diesel, natural gas applications or fuel cells. All of our products are designed to assist companies in reducing operational costs, providing a competitive advantage and increasing our customer’s profitability.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as KleanGas or KGET or its management "believes," "expects," "anticipates," "foresees," "forecasts,” "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Kleangas Energy Technologies, Inc.
FAX: 1- 888-720-0806
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