Green Energy Resources: Green Energy Resources Seeks Ice Storm Wood; Preps Plans to Buy 2 Woodchip Ships and Sponsor Bio Energy Conferences
Green Energy Resources Seeks Ice Storm Wood; Preps Plans to Buy 2 Woodchip Ships and Sponsor Bio Energy Conferences
NEW YORK, NY — (MARKET WIRE) — January 16, 2007 — Green Energy Resources (PINKSHEETS: GRGR) hascontacted Texas,
Missouri, and Oklahoma to accept woodchips from the recentice storm. Major cities such as St.Louis, Dallas, Austin and San Antoniohave been affected. The woodchips need only be loaded on trucks, barges orrail cars for transportation. Green Energy Resources is seeking low cost orno cost supplies to meet over one million tons in orders for 2007. StormDamage woodchips are a cost effective method of alleviating disposal costsfor communities, cities and states, while supplying the global renewableenergy industry. Government entities could save millions of dollars inexpenses by adopting a recycling plan such as the Urban Tree Certificationsystem (UTCS) offered ‘FREE’ by Green Energy Resources.
Green Energy Resources
In other company news Green Energy Resources is seeking financing topurchase two woodchip vessels. The two ships are panamax size transportsand expected to cost around $25-$30 million each. The ships could beavailable as early as March. Green Energy Resources is looking to charteror purchase as many as 5 vessels to meet current and future exportdemands.Green Energy Resources has targeted a 20% market share of theEuropean biomass imports by 2011. Each vessel would generate approximately$15-$25 million or more in gross revenues per year for the company.
Green Energy Resources will be a sponsor at two upcoming bio-energyconferences. Bio Energy Europe 2007 will again be held in London inFebruary and expanded this year to Chicago in April. The Conference inLondon last year yielded several orders for Green Energy Resources. GRGRCEO, Joseph Murray plans to attend London and has a full agenda of meetingsset with existing and potential clients. In Chicago, the UTCS softwarewill be displayed for American Bio Energy industry and the UTCS”tradeboard” is expected to be unveiled at the event.
Green Energy Resources will be featured in two UK-based Renewable Energypublications begining in February. One in conjunction with the Bio EnergyConference in London and the other is Environmental Finance Magazine.
Except for historical information contained herein, the statements in thisrelease are forward-looking statements that are made pursuant to the safeharbor provision of the Private Securities Litigation Reform Act of 1995.Forward-looking statements involve known and unknown risks anduncertainties that may cause the company’s actual results in future periodsto differ materially from forecasted results. Such risks and uncertaintiesinclude, but are not limited to, market conditions, competitive factors,the ability to successfully complete additional financings and other risks.
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