Clear-Lite® Provides a Corporate Profile to Shareholders
BOCA RATON, Fla.-(Business Wire)-September 29, 2009 - Clear-Lite Holdings, Inc. (“ClearLite”) (OTCBB: CLRH) provides a corporate profile to shareholders and the investment community. ClearLite is a leading innovator of cutting-edge, eco-friendly retail and commercial lighting. Their energy saving, environmentally friendly lighting product offering includes CFL bulbs, portable lamps, and lighting fixtures focused on both the retail and industrial/commercial markets in the United States and Canada. ClearLite sells its products under the ClearLite® brand and private label names.
On April 14, 2009, the Company (formerly TAG Industries, Inc.) completed a reverse merger into ClearLite (formerly known as AirtimeDSL); TAG Industries became the surviving operating entity from the merger transaction. On May 28, 2009, the Company officially changed its name from AirtimeDSL to Clear-Lite Holdings, Inc. and commenced trading as a public company under the symbol “CLRH” on the OTC Bulletin Board.
In conjunction with bringing ClearLite to the public market, the Company raised $2.2 million in equity financing through private transactions. The financing enables management to manufacture and market ClearLite’s newest product line, expected to launch in the 4th quarter of 2009.
ClearLite constantly embraces innovation and bold ideas, and is continually developing cutting-edge products that help reduce energy use, provide a more natural light and now A Safer CFL™. As a further precaution in helping secure the safety of the environment, ClearLite’s CFLs contain no liquid mercury. Instead, ClearLite uses Amalgam, an alloy of mercury with other metals in a solid form.
“Today’s consumers have steered more and more towards purchasing energy efficient products and we have not only succeeded in offering more energy efficient lighting, we have also helped address the concern of potential mercury contamination that conventional CFLs face if they are broken, protecting families and our environment,” commented Thomas Irvine, President and CEO of ClearLite.
Irvine adds, “As we educate consumers and the media about our cutting-edge products, we believe our products will become the next generation of earth friendly lighting that will help win market share in a billion dollar industry. We are focused on executing our strategic objectives and we intend to keep our shareholders and the public well informed of our progress in the coming months.”
ClearLite’s proprietary technology will be combined with the new patent pending product: ArmorLite™, which helps address the concerns associated with potential mercury contamination from conventional CFLs when broken, by wrapping the bulb with a special eco safety coating (SX4000™) that helps capture the broken glass & mercury. A Safer CFL™. Available this November.
See what the EPA (Environmental Protection Agency) recommends when you break a conventional CFL bulb:
http://www.maine.gov/dep/rwm/homeowner/cflreport.htm
About Clear-Lite Holdings, Inc.
Headquartered in Boca Raton, Florida, Clear-Lite Holdings, Inc. is a leading innovator of cutting-edge, eco-friendly CFLs, lamps, and commercial lighting products. The Company’s current line of CFLs are Energy Star® qualified and designed to meet RoHS standards (Reduction of Hazardous Substances), as well as UL approved in the US and Canada. In addition, ClearLite offers a new patent pending technology ArmorLite™ that helps capture broken glass & mercury, which is becoming a concern with many. ClearLite has strategic partnerships with major global manufacturers and has established cost-effective sales and logistics channels with offices in Florida, Illinois, California and Canada.
For additional information, please visit ClearLite’s corporate website:
http://www.ClearLite.com
Forward-Looking Statements
Pursuant to The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Clear-Lite Holdings, Inc. can be found in the filings of Clear-Lite Holdings, Inc. with the U.S. Securities and Exchange Commission.
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