CES has developed an innovative new technology with the potential to eliminate two key power plant emissions while using a third to increase the supply of available oil. The new technology burns fuel in an oxygen environment, rather than air, to eliminate nitrogen oxides, key in the production of smog; sulfur dioxide, which helps create acid rain; and carcinogen-bearing particulates. In addition, carbon dioxide, a contributor to global warning, is captured and pumped underground to loosen deposits of oil, which then can be recovered in an economical manner. By allowing for the economic recovery of more domestic oil, the sequestration process could lessen U.S. dependence on imported supplies. It is estimated that up to 5 billion barrels of oil could be extracted under California alone. CES has received funding from The Gas Company to help complete development of the technology. CES also is seeking funding support from the U.S. Department of Energy and the California Energy Commission to build the first ZEPP plant in California. We believe Clean Energy Systems has potential break-through technology to eliminate power plant emissions and support California's ambitious initiatives to reduce greenhouse gases