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| | Business Summary: Clenergen Corporation installs, owns and operates Distributed Environmental Power Systems and applies plant science to the cultivation of proprietary biomass feedstocks in order to provide sustainable supplies of clean energy to regional, independent clients and national grids. | | | Address
6165 NW 123rd Lane
Coral Springs
, FL 33076
Phone: 866-640-8818
Website: http://www.clenergen.com
| | Auditor |
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Holtz Rubenstein Reminick LLP
| | Transfer Agent |
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Holladay Stock Transfer, Inc.
| Employees: 44
ShareHolders: 112 | Founded: 2005
Domicile: Nevada | | | |
| | Clenergen Corporation, following the November 2009 acquisition of Clenergen Corporation Limited, an advanced stage development company, installs, owns and operates Distributed Environmental Power Systems and applies plant science to the cultivation of proprietary biomass feedstocks in order to provide sustainable supplies of clean energy to regional, independent clients and national grids.
The company has developed a program to produce high-density, short-rotation biomass crops on a commercial scale at a cost of production equivalent to or less than the price of coal (measured in energy terms -- MMBtu) using a proprietary integrated farming model, and to produce power, steam, hydrogen, transport fuel, fertilizers, pesticides, chemicals and other products through advanced gasification and steam technologies.
Clenergen's projects are grouped by geographic location. Existing and proposed projects are located in India, Ghana, Russia, Guyana, Philippines, the United States, Libya and Southern Africa.
Clenergen has entered into a joint venture with Enhanced Biofuels and Technologies India Private Limited (EBTI) and formed Biomass2Biopower Limited for the purpose of research and development of indigenous species of trees (Eucalyptus, Casuarinas and Vanashree), as well as developing the company's own pesticides and fertilizers for use on its plantations worldwide.
Clenergen intends to set up two power projects simultaneously, 16MW/Hr in Tamilnadu and 64MW/Hr in Karnataka, in the first phase of its operations in India.
Clenergen plans to commence full-scale operation of a 1.5MW facility in Tuticorin, Tamilnadu in December 2009. Power Trading Corporation of India Limited has agreed to expand the company's existing 71MW/Hr contract by an additional 10MW/Hr. The by-product from the biomass power plant is compost, which can be converted into a high-quality manure and used as fertilizer on the plantation projects the company has identified in India.
Clenergen has entered into a 5,000-acre sublease and retains the right to sublease an additional 145,000 acres of contiguous savannah lands in Guyana. According to the company, these lands are capable of supplying 6 million tonnes of wood chips at a very low cost of production. Clenergen is in the early stages of testing its wood chips with gas to liquid technology with a view to possibly licensing this technology for installation in Guyana for future export of ASTM standard transport fuels to the United States. | | History: INCORPORATED in Nevada May 2, 2005, as American Bonanza Resources Corp.; name changed to Clenergen Corp. Mar. 19, 2009. On Nov. 5, 2009, the company acquired all of the issued and outstanding Common shares of Clenergen Corporation Limited (Clenergen UK). At the closing, 5,865,175 Common shares of the company were issued to former stockholders of Clenergen UK. On Aug. 4, 2009, the company issued 31,847,968 Common shares to the same shareholders of Clernergen UK for future consulting services.
Clenergen Corporation Limited was incorporated on Mar. 4, 2009. | | | | Subsidiaries: |
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Clenergen Biopower Corporation
Clenergen Corporation Limited
Clenergen India Private Limited
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Management
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| Officers | Position |
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| Arvind Pandalai | Chairman | | Robert Kohn | Vice Chairman | | Mark Quinn | President & Chief Executive Officer | | Dale Shepherd | Chief Financial Officer | | Jessica Hatfield | Exec VP | | Mark Quinn | Investor Relations Contact |
| | Directors |
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| Jack Dickey | | Jessica Hatfield | | Robert Kohn | | Arvind Pandalai | | Mark Quinn | | Dale Shepherd | | David Sonnenberg | | Mike Starkie | | | |
| | | | Capitalization as of 01/31/2010: | | | | | Authorized Shares | Outstanding Shares |
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| Preferred $0.001 par | 10,000,000 | None | | Common $0.001 par | 150,000,000 | 91,586,013so2 |
| | | | LONG TERM DEBT: None. | | | | Common $0.001 par | | | |
Stockholders:
12/01/2009,
112.
| | PRINCIPAL STOCKHOLDERS: November 5, 2009, Mark Quinn and Jessica Hatfield each owned 17.4% of the Common. | | | |
Transfer Agent: Holladay Stock Transfer, Inc.
Scottsdale
, AZ | | | | OTC Bulletin Board( Primary): CRGE | | | | Exchange | Year | High | Low |
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| OTC Bulletin Board | 2009 | 1.4000 | 0.5900 |
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| | | | DIVIDENDS: Common $0.001 par: No cash.
Common split 5.25-for-1, ex-Mar. 23, 2009.
Common $0.001 par was split 21-for-4, ex-Mar. 23, 2009. | | | | | |
so2As of Mar. 31, 2010. | |
| | Annual Report |
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| | | Income Statement | |
| 2009 | 2008 |
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| GENERAL AND ADMINISTRATIVE EXPENSES | 1,072,695 | 797 | | RESEARCH & DEVELOPMENT | - | 175 | | Net income | (1,072,695) | (972) | | Basic and Diluted EPS | (0.0512) | (0.1296) |
| | | | Balance Sheet | |
| 2009 | 2008 |
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| ASSETS |
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| | CURRENT ASSETS |
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| | Cash & equiv. | 1,472 | 13 | | Prepaid Expenses and Other | 15,039 | - | | Tot. curr assets | 16,511 | 13 | | Property & Equipment, Net | 12,901 | - | | Deposits | 33,487 | - | | Total assets | 62,899 | 13 | | Liabilities: |
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| | CURRENT LIABILITIES |
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| | Accounts Payable and Accrued Expenses | 214,211 | - | | Payroll Liabilities | 6,745 | - | | Due to Affiliates and Shareholders | 330,302 | 3,460,014 | | Total Current Liabilities | 551,258 | 3,460,014 | | Common Stock | 86,941 | 14,242 | | Additional paid in capital | 3,998,562 | - | | Accumulated Other Comprehensive Income/(Loss) | 389,956 | 416,880 | | Accumulated deficit during development stage | (4,963,818) | (3,891,123) | | Total Stockholders' Deficiency | (488,359) | (3,460,000) | | Total liabs. | 62,899 | 13 |
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* Represents operations of Clenergen Corp. Ltd. | | | |
| | Interim Report
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| | | Data Not Available | | | | | | | | | |
| | Pro Forma Report
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| | | Data Not Available | | | | | | | | | |
| | Quarterly Report Information
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| | | Quarterly Revenue, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2010 |
2 | Nil | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
Full Year
| Nil | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2006 |
1 | Nil | | 2006 |
2 | Nil | | 2006 |
3 | Nil |
| | | | | | Quarterly Net Income, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | Nil | | 2010 |
2 | Nil | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
Full Year
| (1,070,000) | | 2008 |
1 | 0 | | 2008 |
2 | 0 | | 2008 |
3 | 0 | | 2008 |
Full Year
| (10,000) | | 2007 |
1 | 0 | | 2007 |
2 | 0 | | 2007 |
3 | (10,000) | | 2007 |
Full Year
| (20,000) | | 2006 |
1 | (10,000) | | 2006 |
2 | 0 | | 2006 |
3 | 0 | | 2006 |
Full Year
| (10,000) |
| | | | | | Quarterly EPS, US$ |
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| Year | Quarter | Revenue | | 2010 |
1 | (.02) | | 2010 |
2 | (.17) | | 2009 |
1 | Nil | | 2009 |
2 | Nil | | 2009 |
3 | Nil | | 2009 |
Full Year
| (.05) | | 2008 |
1 | Nil | | 2008 |
2 | Nil | | 2008 |
3 | Nil | | 2008 |
Full Year
| Nil | | 2007 |
1 | Nil | | 2007 |
2 | Nil | | 2007 |
3 | Nil | | 2007 |
Full Year
| (.01) | | 2006 |
1 | (.01) | | 2006 |
2 | Nil | | 2006 |
3 | Nil | | 2006 |
Full Year
| Nil |
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