Cemtrex Negotiating on Greenhouse Gases Projects in India

Name	Symbol	Market	Type
Proshares S&P Kensho Cleantech ETF	AMEX:CTEX	AMEX	Exchange Traded Fund

Name

Symbol

Market

Type

Proshares S&P Kensho Cleantech ETF

AMEX:CTEX

AMEX

Exchange Traded Fund

	Price Change	% Change	Price	High Price	Low Price	Open Price	Traded	Last Trade
	-0.2401	-0.97%	24.60	24.60	24.60	24.60	4	16:01:15

Price Change

% Change

Price

High Price

Low Price

Open Price

Traded

Last Trade

-0.2401

-0.97%

24.60

16:01:15

Cemtrex Negotiating on Greenhouse Gases Projects in India

30/05/2006 5:35pm

PR Newswire (US)

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FARMINGDALE, N.Y., May 30 /PRNewswire-FirstCall/ -- Cemtrex Inc. (OTC:CTEX) announced that it is actively pursuing several Clean Development Mechanism (CDM) projects for creating carbon credits in India. Cemtrex is in talks with several end-users who currently generate greenhouse gas emissions that are not being abated as per the Kyoto protocol agreement made under the United Nations Framework Convention on Climate Change (UNFCCC) that India signed in 2002. "The CDM projects involve a series of steps to develop certified emissions reductions (CERs) which include project design and validation, project approval by relevant Indian authorities and then registration with the CDM Executive Board," said Mr. Aron Govil, CEO and president of Cemtrex Inc. "The total timeframe for such projects can take up to 12 months and depends upon the approval from Indian authorities and the CDM executive board." Cemtrex will utilize its resources to provide the most advanced technologies for the abatement and measurement of nitrous oxide gases for these projects. The Company will also provide assistance in the issuance and sale of CERs from these projects. Cemtrex is a technology company that provides a comprehensive range of services which allow its customers to create and monetize carbon assets. Cemtrex also provides complete emission reduction and monitoring instruments and equipment for a wide variety of industries such as power, steel, mining, cement, fertilizer, ferrous and non-ferrous metals, chemicals and refining. Cemtrex offers a complete range of process and air emissions monitoring instruments and software for all pollutants regulated by the EPA, including dust, opacity, CO2, O2, SO2, NOx, CO, flow, moisture, ammonia, mercury and hydrocarbons. Safe Harbor Statement This press release contains forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. For further information, please contact: Cemtrex Inc. 19 Engineers Lane Farmingdale, NY 11735 URL: http://www.cemtrex.com/ Email: Direct: (516) 816-1400 This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/. DATASOURCE: Cemtrex Inc. CONTACT: Cemtrex Inc., +1-516-816-1400, or Web Site: http://www.cemtrex.com/

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