Message #9 From:
NewsBot Date: December 18, 2007 06:49:21 AM
Woodchips for Ethanol Passed in US Energy Bill; Green Energy Resources (GRGR) Is Big Winner as a Woodchip Supplier
Green Energy Resources (PINKSHEETS: GRGR) was
a big winner in the US Energy Bill passed by Congress yesterday. The
legislation requires 21 billion gallons of ethanol to be developed by
woodchips and other non-corn biomass sources by 2022. Green Energy
Resources is a global supplier of woodchips and has nearly 5 million tons
in virtual inventory through its UTCS software system. Green Energy
Resources continues to develop and expand its inventory database of the
advanced software system that includes chain of custody documentation, and
3rd party verifications of sourcing to insure stringent environmental
standards. Green Energy Resources has been a pioneer in recovering wood
from non forestry sources including urban waste streams and storm damaged
trees for renewable energy. The company is currently working with a major
US city to recover woodchips from recycled Christmas trees for export
overseas.
Green Energy Resources is a renewable alternative energy company. Its
principal business is the supply of woodchips, wood fibers, wood pellets,
briquettes and other alternative fuels for use in power generation plants
to reduce green house gas emissions. The company is an environmentally
friendly "green company." GRGR has no debt, operates on self-generated
revenues and currently is exporting wood pellets for co-firing to Europe.
The company has shown a profit in its first three years of operation and
will show a profit for 2007.
Except for historical information contained herein, the statements in this
release are forward-looking statements that are made pursuant to the safe
harbor provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and
uncertainties that may cause the company's actual results in future periods
to differ materially from forecasted results. Such risks and uncertainties
include, but are not limited to, market conditions, competitive factors,
the ability to successfully complete additional financings and other risks.
