BOCA RATON, Fla., April 17, 2012 (GLOBE NEWSWIRE) -- Technology development company Cleartronic, Inc. (OTCBB:CLRI) wholly owned subsidiary VoiceInterop, Inc. announced today that it has formed a new wholly owned Florida corporation, Peak Power Net, Inc.

"Recently we have had an increase in inquiries from utility companies regarding the Plugaroo™ home and small business energy management solution developed by Peak Power Net," stated Cleartronic VP of Product Development Michael Gutowski. "The market is evolving to solutions that allow consumers and utilities to work together to save energy. This is exactly what the Plugaroo solution delivers. Our device and service allows the utility and the customer to coordinate energy usage during peak demand periods saving the customer money and preventing the utility from having to curtail service during peak demand periods," Gutowski added.   

"As we prepare for the launch of our demand response energy management products and services under the brand name Plugaroo™," stated Cleartronic CEO Larry Reid, "we felt it wise to form a new wholly owned operating subsidiary as we believe there are significant opportunities to generate revenue with the Plugaroo product line."

About Cleartronic, Inc.

Cleartronic, Inc. (OTCBB:CLRI) is a technology holding company that creates and acquires operating subsidiaries to develop, manufacture and sell products, services and integrated systems serving a range of market applications, from business enterprises to consumer products and services. www.cleartronic.com

Cleartronic's central mission is to leverage its underlying core technology and proven competencies into new, high-growth market applications, including the development of consumer products targeting large domestic and global markets. Opportunities being considered include energy consumption management, cloud communications, and machine-to-machine applications.

The Cleartronic, Inc. logo is available at  https://d1io3yog0oux5.cloudfront.net/cleartronic/files/cleartronic_logo.png

About Peak Power Net, Inc.

Peak Power Net, Inc. is a new company focused on Energy Management Demand Response solutions using the brand name Plugaroo™. Peak Power Net combines communications technology, predictive algorithms and remote sensing capabilities into a solution that provides a managed service to consumers. The solution allows them to save significant dollars on their monthly utility bills -- each and every month. www.peakpowernet.com

Safe Harbor Statement

This press release may include predictions, estimates, opinions or statements that might be considered "forward-looking" under the provisions of the Private Securities Litigation Reform Act of 1995. Such statements generally can be identified by phrases such as Cleartronic or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," or other, similar words or phrases. Similarly, statements herein that describe Cleartronic's business strategy, outlook, objectives, plans, intentions, or goals are also forward-looking statements.

All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the expectations of Cleartronic or its management. Investors should not place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this document. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward looking statements in light of new information or future events. Investors should also review Cleartronic's most recent Form 10-K and Form 10-Q filings for a more complete discussion of these factors and other risks, particularly under the heading "Risk Factors."

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