CHANGING WORLD TECHNOLOGIES, INC.
The purpose of this Free Writing Prospectus is to summarize the principal changes to the
initial preliminary prospectus, dated
January 20, 2009 (the
“Preliminary Prospectus”), of Changing
World Technologies, Inc. (the
“Company”). Unless the context otherwise requires or indicates, the
terms
“CWT,” “Changing World Technologies,” “Company,” “we,” “our” and
“us” are used in this Free
Writing Prospectus in the same manner as in the Preliminary Prospectus.
Recent Developments
On
February 6, 2009, we entered into a renewable diesel
fuel oil sales contract with Carlisle Power Transmission
Products, Inc. (
“Carlisle”) whereby Carlisle agreed to
purchase approximately 1.35 million gallons of renewable
diesel annually from us for a term of two years beginning upon
completion of Carlisle’s boiler conversion, subject to
certain termination conditions. The price for the first year is
$0.59 per MMBtu below the lower of Carlisle’s monthly
natural gas cost or the Monthly U.S. Residual Fuel Oil
Retail Sales by All Sellers price. The price reflects a $0.23
per MMBtu discount for renewable fuel purchase and a $0.36 per
MMBtu allowance to repay boiler system conversion costs during
the term of the contract. The price for the second year is $0.57
per MMBtu below the lower of Carlisle’s monthly natural gas
cost or the Monthly U.S. Residual Fuel Oil Retail Sales by
All Sellers price. The price reflects a $0.21 per MMBtu discount
for renewable fuel purchased and a $0.36 MMBtu allowance to
repay boiler system conversion costs during the term of the
contract.
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STATEMENT REGARDING THIS FREE WRITING PROSPECTUS
The issuer has filed a registration statement (including a prospectus) with the SEC for the
offering to which this communication relates. Before you invest, you should read the prospectus in
that registration statement and other documents the issuer has filed with the SEC for more complete
information about the issuer and this offering. You may get these documents for free by visiting
EDGAR on the SEC website at
www.sec.gov. Alternatively, the issuer, any underwriter, or any dealer
participating in the offering will arrange to send you the prospectus if you request it by calling
toll-free 1-
800-673-6476, fax 1-
610-725-1167, or write to: WR Hambrecht + Co, P.O. Box 677,
Berwyn,
PA 19312-0677.
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