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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 Lands C & D Contract; Updates Shareholders
NEW YORK, NY--(MARKET WIRE)--Apr 26, 2007 -- Green Energy Resources (Other OTC:GRGR.PK - News) has landed a contract to supply "construction and demolition" wood to a German company. The contract is for 320,000 tons (about 8 shipments of 40,000 tons each). Construction and demolition wood (C&D) is usually kiln dry and therefore produces maximum energy output (high heat) sout by power producers. The wood originates from homes, buildings and construction remodeling. The supply of dry wood for power generation costs a premium of up to 50% more per sale because of the guaranteed higher heat capacity of the product. The cost of the product is cheaper than traditional woodchips because it is considered waste and has no current market.
The C&D contract is the first of its kind for the renewable energy industry. Construction and demolition wood has long been considered junk because of contamination from paints, glues and resins that can impact emissions. New technologies effectively screen out or cleanse contaminated wood. The contract expands the potential volume of wood resources for the power generating industry by nearly double.
Exports
The first export sale of woodchips to Europe was executed in the 1st qtr. Total sale of the 40,000-plus tons was approximately $2.4 million dollars. Other shipments are underway.
15c211
A 15c211 was filed with the NASD in early April. The filing is intended to raise Green Energy Resources' status from 'Unsolicited" to "Solicited." Approval by the NASD can take 8 weeks or more. The filing is a qualitative move enabling the company to attract new investors and increase its visibility and transparency to investors. GRGR has made all necessary Pink Sheet filings and is in full compliance to date. GRGR plans to post its quarterly financials. The first quarter is expected out soon.
UTCS
UTCS software has added carbon offset credits to its platform. Marketing and sales are underway with carbon offsets offered at $5.50 per ton to any business, institution or investor. Sales of UTCS have been slow to start, but 22 states have recently enacted Renewable Portfolio Standards (RPS) and sales are expected to be grow substantially in 2007 through 2009. Green Energy Resources expects to meet or exceed its projected target sales goals by year's end. Carbon offsets are the ability to buy a surplus of positive carbon credits to reduce (or offset) excessive bad carbon emissions.
Patents
The US Office of Trademarks and Patents has granted approval for Green Energy Resources' trademarks and logos. More grants are expected with regard to UTCS, its software and proprietary information soon. The applications for patents and trademarks were made in 2006.
Public Float
Green Energy Resources remains debt-free, and has not raised any public capital. The issued and outstanding shares remains the same at 55 million shares and the float at 15.6 million shares. No new shares were issued in the 1st qtr of 2007.
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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