updated 6/13/2011 10:17:31 AM ET 2011-06-13T14:17:31

DOTHAN, Ala., June 13, 2011 (GLOBE NEWSWIRE) -- The Board of Directors of Clean Energy Pathways (Pink Sheets:CPWY) announced that it has elected Greg R. Clemons to become the corporation's new President and CEO, replacing J. Michael Parsons who is stepping down for health reasons and to attend to family matters. Clemons has consulted for the company in the past and has a diverse background in technology and renewable energy. Parsons will continue to consult for the company as well. 

Clemons has served in senior management positions at three Fortune 500 companies: Sony Corporation, Belden Electronic Wire and Cable (Cooper Industries), and Parker Hannifin. Most recently, he served 22 years as General Manager/Senior Manager of Sony Corporation in Dothan, Alabama. While serving as General Manager, he led three separate divisions: Sony Magnetic Tape Division, Sony Chemical Division, and Sony Print Media Division. Mr. Clemons successfully guided the new products group to the utilization of biofuels for the operation as a cost savings measure.

Clemons' qualifications include a Bachelor's Degree in Production Management and Marketing from Jacksonville State University and a Certified Quality Engineer credential (CQE) from ASQC. He served as a mechanical and design engineer throughout his professional tenure with the three corporations, and is an inventor with 8 registered patents. He is a certified Energy Auditor, Environmental Green Partner Auditor, and ISO9000/ISO14000 Auditor.

As President and CEO of Clean Energy Pathways, Clemons will use his experience in renewable energy to lead the company forward on several fronts, domestically and internationally, to enhance the company's position in the market, building upon the base that has been established.

About Clean Energy Pathways

Clean Energy Pathways, Inc. is a company focused on delivering multiple solutions to aid businesses and government facilities in attaining energy independence, reduced costs and a cleaner environment. These pathways to energy independence include biomass fuels, solar systems, wind energy, building energy management systems and other technologies, as well as financing of, and gain-sharing in, the improvements. For more, see cleanenergypathways.com.

The Clean Energy Pathways, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=9449

CONTACT: Harrison Parrish, 866-492-5325
         investor@cepathways.com

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

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