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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 to Issue Stock Dividend May 9th
NEW YORK, NEW YORK--(MARKET WIRE)--May 2, 2006 -- Oil prices, foreign currencies, and US shareholder activism on climate change, draw attention to GRGR.
Green Energy Resources (Other OTC:GRGR.PK - News) will issue a 5% stock dividend to shareholders on May 9th 2006.The record date was April 12th.Green Energy Resources has had two consecutive profitable years operating without debt and has raised no public funds to date. The company has initiated a stock buy back program.
Green Energy Resources has 52 million shares issued and outstanding; 12.5 million free trading shares and a market cap of approximately $42 million dollars.
Green Energy Resources continues to organize itself for a listing on the London, UK Aim Market with no set timetable. The company is positioning for an eventual listing on a bigger board here in the United States as well. "There is no pressure or deadline to be listed on the London Exchange or any exchange" said CEO, Joseph Murray, "the most critical element is to accrue supply contracts and do it right, not necessarily quickly". The company's new CFO is expected to join the company in June.
In other company news, CEO Joseph Murray heads to Europe next week to meet with Energy and utility companies while attending a conference in Germany. The company plans to introduce to the UN and international community a carbon reduction credit plan as a part of its unique product sourcing. The plan would increase the marketable value of company products and substantially add to the bottom line. It's a part and parcel strategy to capturing 20% of the European biomass import market by 2011. The initiative has been bolstered by near $75 per barrel oil prices and gaining European currency strength against the dollar.
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 companies' 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.
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
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About CyberKey Corporation
CyberKey Corporation designs and markets personal storage and data management solutions. All CyberKey patent-pending solutions utilize universal serial bus (USB) and flash memory to create a plug and play solution for mobile data storage.
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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