Clean Earth Acquisitions Corp. (NASDAQ:CLIN)

On September 15, 2010 Cleopatra became a public company via a reverse merger transaction.

Company Snapshot:

Beauty, hair, and spa service industry.

Industry Snapshot:

• China’s beauty, hair, and spa industry is a fragmented market.
  
• The industry as a whole was worth approximately 400 billion Chinese Yuan 2009.
  
• This is also a very rapidly growing market, with a yearly growth rate typically not less than 20 percent.
  
• The industry has a contribution margin of approximately three to four percent GDP to the Chinese economy. 

Post Merger Share Calculation:

• 2,999,648: Pre reverse merger outstanding shares
• 57,000,000: Newly issued shares of Common Stock

GeoTeam® best effort calculation of total post reverse merger shares assuming full conversions:  59,999,648

Financial Snapshot:

• 2009 Revenue increased to $6,066,241 from $690,720 in 2008.
• 2009 Net income increased to $2,239,721 from $38,816 in 2008.
  
• Revenues for the six month period ended June 2010 increased to $3,598,790 from $2,691,947 in 2008.
• Net income for the six month period ended June 2010 decreased to $830,333 from $837,275 in 2008.
  
• As of June 30, 2010, the Company recorded a working capital deficit of $1,076,299, as compared to a deficit of $2,638,339 as of December 31, 2009.