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Retrofits-Media

CEI Raises Funding

Clean Engines International continues to fund-raise successfully, with more than $750,000 raised to date. The company is in the middle of a $2MM convertible debt round, according to Bill Kramer, CEO.

“We have a compelling business proposition that appeals to impact investors,” Mr. Kramer said. “We anticipate that we will successfully complete this round early in 2013, and will be able to start a Series A equity round after that.”

By mid-2013, CEI will be rapidly expanding sales throughout the National Capital Region of Metro Manila, Philippines, and implementing sales and marketing programs in other major cities of the Philippines.

“CEI welcomes inquiries from interested investors. Our door is always open to talk. The entire team is passionate about what we are doing,” Mr. Kramer concluded.