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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' Initiates Upgrade to "Solicited" Stock Status; Engages Florida Market Maker
NEW YORK, NEW YORK--(MARKET WIRE)--Jun 26, 2006 -- Green Energy Resources (Other OTC:GRGR.PK - News) has contracted Island Capital Management of St. Petersburg, Florida to file its NASD 211's, maintain compliance and perform market maker functions; Recent rules imposed by "Pink Sheets" in its quest to become a Stock Bulletin Board require companies to engage a' Market Maker'. The 'Market Maker' supports the company's trading and will allow 'GRGR' to become a "solicited" stock to brokers, institutional investors the general public. It allows for major expansion, growth and greater visibility of the company. "GRGR's current status is "unsolicited". Green Energy Resources currently maintains and updates its own 15c211, and is in full compliance with NASD and. SEC rules.
In other company news, Green Energy Resources guidance for the 2nd qtr shows a profit and will out perform 2005's 2nd qtr numbers. First half the year financials should be ready shortly, as the company's new CFO takes over and begins maintenance on a daily basis. The company expects a" significant" increase in sales for the 3rd and 4th quarters of this year, with the delivery of several export shipments scheduled for late summer and the fall of 2006.
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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