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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
Sweden Goes Green! Green Energy Resources Receives $1.6 Million Trial Order
NEW YORK, NEW YORK--(MARKET WIRE)--Jun 22, 2006 -- Green Energy Resources (Other OTC:GRGR.PK - News) announced it has received a trial order of wood biomass for renewable energy consumption destined for Sweden. The order, approximately 30,000 metric tons is, valued at approximately $1.6 million dollars and is scheduled for export in the fall of 2006. Successful shipment of the trial order will result in a 1-year supply option valued in excess $10.5 million dollars. The shipment will be delivered to the Stockholm region.
Sweden plans a new power generating plant near Stockholm in 2009. The new plant will require nearly 1 million tons annually in woodchips to operate the new power generating facility. Green Energy Resources has on going discussions regarding those supply options.
About Green Energy
Green Energy Resources is a wood biomass supplier to the power utility industry. It is the only US supplier to utilize the stringent UTCS Environmental certification system that includes a chain of custody documentation. Green Energy Resources obtains its supplies from wastewood sources, such as landfills, municipalities, and hurricane storm damage. Wood biomass has multiple applications, including co-firing with coal, gasification, ethanol and biodiesel fuels, and direct burn. Biomass is the only renewable energy that can be stored with reserves and has application in upwards of 60% of total energy markets. Green Energy Resources was the first company to export woodfiber fuels for renewable energy from the United States, beginning in 2003. Further details about the sale are available through the company.
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
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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