Cleantech Innovations (OTC BB:EVCP)

3rd Quarter 2010 Financial Results

• Revenue of $13.06 million, compared to $0.71 million, an increase of 1,749% from Q3/2009.

• Net income of $2.32 million, compared to $0.19 million, an increase of 1,112% from Q3/2009.

• Earnings per Share (EPS) of $0.10 on a fully diluted basis, compared to $0.01, an increase of 900% from Q3/2009.

• Stable and reliable repeat customer base which consists of China's largest utility companies.

• Anticipates earnings growth momentum to continue throughout the rest of 2010.

Ms. Bei Lu, Chairman & CEO of CleanTech commented: "CleanTech is pleased with our record 3rd quarter financial results. Our financial performance reflects continued strength in our wind tower business as China implements nationwide policies towards supporting clean energy products. CleanTech is a direct beneficiary of a favorable market environment in China's wind industry, an environment we believe will continue for years to come. We anticipate strong earnings growth momentum to continue throughout 2010 and into 2011."