Clean Energy Technologies (CETY) Announces Plans To List Its Shares On NASDAQ

Clean Energy Technologies, Inc. (OTCQB:CETY) (“CETY” or the “Company”) a clean energy company offering products and solutions in the renewable and energy efficiency markets announced today that the Company has initiated necessary actions to list its shares on the NASDAQ Stock Market (“NASDAQ”) under the anticipated symbol “CETY.”

“The Board of Directors and management are pleased to announced plans to uplist our shares to the NASDAQ Stock Market,” said Kam Mahdi, CEO of Clean Energy Technologies. “We believe the uplisting will provide several key strategic benefits that will serve the best interest of all our shareholders at a time when the Company is poised for growth.”

By up-listing to NASDAQ, the Company believes it will gain visibility in the capital markets and allow for increased sponsorship from worldwide institutional investors as well as increased liquidity in the trading volume in our stock. By improving capital market access for existing and prospective investors and increasing the ability to raise the capital to drive growth, the move to a national market will bring significant value to the Company. The requirements necessary to complete the uplisting include, but not limited to, the following:

• Concurrent Equity Financing to Strengthen the Balance Sheet

The Company must have sufficient cash to support operations and meet the minimum stockholders’ equity requirement as a condition of the uplisting. Raising the required capital concurrently will significantly improve the strength of the Company’s balance sheet.

• Reverse Stock Split

In order to meet the minimum trading price and other requirements necessary for listing on a national exchange, a reverse split will be affected. This split combined with the planned uplisting should make CETY’s stock more attractive to investors that may have been prohibited from purchasing them on lower exchanges.

“This is an historic and important time at the Company. I believe that we are positioned to accelerate revenue opportunities on multiple fronts, and this move to the NASDAQ is a key element of the overall growth strategy,” Mahdi went on to say.

The Company has engaged Craft Capital as lead underwriter in the proposed public offering of the Company’s common stock. The listing of the Company’s common stock on NASDAQ remains subject to the approval of the exchange, approval from FINRA and the satisfaction of all applicable listing requirements. While the Company is not currently aware of any issues, there can be no assurance that the Company will satisfy all applicable requirements for listing its common stock on NASDAQ or that the Company’s application to list its common stock will be approved. The public offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

A registration statement on Form S-1 relating to the proposed public offering has been filed with the Securities Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. When available, a written prospectus for the offering meeting the requirements of section 10 of the Act (other than a free writing prospectus as defined in Rule 405) may be obtained from Craft Capital Management LLC 377 Oak St #402, Garden City, NY 11530.

This press release does not constitute an offer to sell or the solicitation to of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.