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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 Issue Dividend in 2007
NEW YORK, NY--(MARKET WIRE)--Aug 20, 2007 -- Green Energy Resources (Other OTC:GRGR.PK - News) announces a stock dividend. The dividend will be based on shareholders holding stock on September 31, 2007. The amount of the dividend has yet to be finalized and will be determined at the end of the 3rd qtr of 2007. A record date is not official until a meeting of the company's Board of Directors in September. Green Energy Resources issued a 5% stock dividend in 2006. 2nd qtr Financials should be released by the deadline date at the end of August.
Public Float
Green Energy Resources remains debt free, and has not raised any public capital. The issued and outstanding shares remains the same at 50 million shares reduced from 56 million shares in 2006. The float is approximately 17.5 million shares.
Audits
An auditable inventory is now available to Green Energy Resources for the first time ever using its own UTCS software tracking system (info at www.utcs.com). To date, the inability to accurately count storm damage wood prevented GRGR from providing accurate audits and proceeding with a planned move to the London Aim Market this past year. Green Energy Resources resolved the problem through development of its own software program and plans to move to an established board as soon as possible. Two years of audits are required prior to entering a major Trade board.
About Green Energy
Green Energy Resources is a wood biomass supplier sourcing from landfills, municipalities, and hurricane storm damage to name a few. Wood biomass has multiple applications, including co-firing with coal, gasification, ethanol and biodiesel fuels. Biomass is the only renewable energy that can be stored with reserves and has application in upwards of 60% of total energy markets. It is the 4th largest energy source behind oil, gas and coal. Green Energy Resources was the first company to export woodfiber fuels for renewable energy from the United States, beginning in 2003. Green Energy Resources has targeted 20% of European biomass imports by 2011. The company also offers the sale of Carbon offset credits.
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 company's 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
or
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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