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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
10% Stock Dividend for Shareholders of (GRGR) Green Energy Resources in 2007; Strong 4th Qtr Expected
NEW YORK, NY--(MARKET WIRE)--Aug 27, 2007 -- Green Energy Resources (Other OTC:GRGR.PK - News) announced a 10% stock dividend for company shareholders in 2007, a 100% increase over 2006. The dividend will be based on shareholders holding stock on September 30, 2007. The 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. The company plans to issue dividends quarterly in 2008.
Public Float
Green Energy Resources remains debt free, has not raised any public capital, operates on its own cash flow, is not leveraged or issued any convertible stocks. The issued and outstanding shares remain at approximately 50 million shares with a float of about 17.5 million shares.
About Green Energy
Green Energy Resources is a wood biomass supplier sourcing from landfills, municipalities, hurricanes, storm damage and other sustainable sources. 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 a 20% market share of European biomass imports by 2011. The company also offers the sale of Carbon offset credits. The sale of credits will be available through the company website within the next couple of months. Green Energy Resources expects a very strong 4th qtr with the addition of log sales. The company announced earlier this year it would sell logs and and had ascertained rights to over a million tons of trees from forest fires that ravaged Georgia and Florida last May.
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
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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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