ANCASTER, ONTARIO--(Marketwire - Jan. 10, 2008) - Cleanfield Alternative Energy Inc. ("Cleanfield") (TSX VENTURE:AIR) is pleased to announce that its wholly-owned subsidiary, Cleanfield Energy Corp, has entered into a distribution agreement with Pfister Energy Inc. of Paterson, New Jersey ("Pfister") as of January 4, 2008 (the "Agreement"). Pursuant to the terms of the Agreement, which is for a term of three (3) years and is subject to renewal for a further three (3) years at the option of both parties, Cleanfield has appointed Pfister as a nonexclusive national account distributor for the United States of America. In addition, Pfister is required to provide Cleanfield with a purchase order for a minimum of 100 Cleanfield V3.5 modular Vertical-Axis Wind Turbines (VAWT) by January 9, 2009.
"This is a tremendous opportunity for Cleanfield Energy and we are very excited about a prosperous relationship with Pfister Energy going forward," said Cleanfield Energy President/CEO Tony Verrelli.
Wayne Pfisterer, President of Pfister Energy, commented "We are very excited to work with Cleanfield Energy. Their vertical axis wind turbines represent the cutting edge of clean energy technology. Pfister Energy prides itself in seeking only the best alternative energy innovations for its clients."
About Cleanfield Alternative Energy Inc.
Cleanfield Alternative Energy is the parent company of Cleanfield Energy Corp and is committed to the development of renewable energy products for both consumer and commercial applications. Cleanfield's tailor-made VAWT can be mounted on a tower or suitable rooftop, offering electricity independence and security.
About Pfister Energy Inc.
Pfister Energy is a division of Pfister Industries Inc, a recognized leader in commercial roofing, construction and waterproofing for almost 25 years. Pfister Energy is a renewable energy company providing innovative power solutions and energy efficiency measures for commercial, industrial, and institutional facilities. The company is a national provider and installer of turnkey renewable energy and on-site distributed power generation systems. Additional information is available at www.pfisterenergy.com/.
Certain statements contained in this press release may be considered as forward-looking. Such forward-looking statements are subject to risk and uncertainties that could cause actual results to differ materially from estimated or implied results.
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Cleanfield Alternative Energy Inc.