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Newsroom - Clients - GRGR
The following news and investment research items reflect some of the recent business activity for selected clients of Empire Relations Group, Inc. Additional information for investment research can be found in the featured clients section. News and investment research are for informational purposes only.
Green Energy Resources Inc
Green Energy Resources (GRGR) to Bolster Profitability Through Log Sales
NEW YORK, NY--(MARKET WIRE)--Mar 21, 2007 -- Green Energy Resources (Other OTC:GRGR.PK - News) re-enters the log market. Company CEO Joseph Murray announced today the company will resume brokering, buying and selling logs effective immediately. "Logs are an integral part of developing the woodchip market and offer the company an obvious means to generate new revenues," said Mr. Murray. CEO Murray founded a private company in New York in 1994 which exported logs worldwide and was instrumental in developing and expanding the market with Quebec, Canada. New York International log and lumber company was the original name of Green Energy Resources prior to its name change in 2005. The company and its CEO were featured in a full page news story in a Sunday edition of the New York Times on January 28th of 2001, followed by a subsequent nomination for the "American Entrepreneur of the Year" award. The company was generating nearly a million dollars annually in revenues from log sales prior to entering the woodchip export market in 2003. Nearly one billion board feet of timber crosses into Canada annually from the North East according to New England forestry officials. The company is expanding and returning to its core business.
Logs are obtained primarily from the same sources as woodchips. They originate as waste wood sources from tree services, highway and road clearings, storm damage, homeowners, and cities and towns. Green Energy Resources has pre-established a New England base and will go to its strength in the middle Atlantic states including the New York metropolitan area. Green Energy Resources has undertaken the steps to secure and insure a long term supply of woodchips for export. The company is also planning the logistical supply throughout the North East United States where markets are expected to get underway this year or next. Green Energy Resources is currently exporting energy chips and anticipating a need to secure over 2.5 million tons a year by 2009.
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.
Carbon Offsets
GRGR now offers carbon offset credits. Green Energy Resources offsets include reforestation, carbon and methane reduction from landfills. The sale of Offset credits represents a major financial opportunity for the company to capitalize on the rapidly growing international and expanding US market demands for emissions trading. The US market is already at $50 billion dollars and growing according to data reported in Environmental Finance Magazine in February. The carbon offset market is the fastest growing emerging market within all financial markets globally and has surpassed one trillion dollars according to the report. Offsets generated through UTCS can meet the internationally recognized standards for offset authencity as well as the Voluntary Carbon Standard (VCS). The sale of offsets is expected provide a major competitive opportunity in domestic and international sales for the company.
Woodchips as Commodity
Green Energy Resources plans to meet with the Chicago Board of Trade to establish and list woodchips as an energy commodity. Green Energy Resources has established standards and published its specifications. The company has been a driving force to get woodchips listed since 2004.
Green Energy Resources
Joseph Murray
631-375-7921
joe.murray@greenenergyresources.com
http://www.greenenergyresources.com
Worldwide Financial Marketing, Inc. USA
Investor Relations
Int'l: 1 (954) 360-9998
Nat'l: 1-866-360-9998
Info@wwfinancial.com
http://www.wwfinancial.com
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About Green Energy Resources, Inc.
Green Energy Resources, Inc. is dedicated to becoming a leading
supplier of reliable, low cost, high quality wood fiber fuels (biomass).
Biomass, which is essentially organic matter that can be converted to
energy, is the fourth leading source of energy in the United States
(behind oil, natural gas and coal), and is currently providing about 2
percent of all energy used in this country. This is expected to grow to
over 10% by the end of this decade.
To link to this corporate profile in our members area click here (You must be a registered member to see profile).
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