Environmental Clean Technologies Ltd Stock Market Press Releases and Company Profile
Environmental Clean Technologies Limited (ASX:ESI) Recieves R&D Tax Offset Of A$257,672
Environmental Clean Technologies Limited (ASX:ESI) Recieves R&D Tax Offset Of A$257,672

Melbourne, Jan 11, 2010 AEST (ABN Newswire) - Environmental Clean Technologies Limited (googlechartASX:ESI) advises that on 4 January 2010 The Australian Taxation Office (ATO) issued a cash refund (refundable R&D Tax Offsets) including interest amounting to A$257,672.27 to ECT in relation to the 2007 financial Year.

ECT has registered its Research and Development Activities for the 2008 financial year and is in the process of registering for the 2009 financial year with AusIndustry.

ECT is in the process of lodging similar research and development tax offset claims with the ATO for the 2008 and 2009 financial years, which will be subject to the ATO's normal tax return assessment process, and anticipates the receipt of further, as yet unquantified, refunds in respect of those years.

"Combined with the recent placement of A$2.64M, the receipt of these additional funds adds to the solid financial foundation of the company as we advance existing deals and develop new opportunities," said ECT Chief Executive Kos Galtos.

About Environmental Clean Technologies Ltd

Environmental Clean Technologies LimitedEnvironmental Clean Technologies Limited (ASX:ECT) is in the business of commercialising leading-edge coal and iron making technologies, which are capable of delivering financial and environmental benefits.

We are focused on advancing a portfolio of technologies, which have significant market potential globally.

ECT's business plan is to pragmatically commercialise these technologies and secure sustainable, profitable income streams through licencing and other commercial mechanisms.

http://www.linkedin.com/company/398938 abnnewswire.com 


Contact

Kos Galtos
Chief Executive
Tel: +61-3-9684-0888



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