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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
Cailfornia Enacts Caps on Greenhouse Gas Emissions
Green Energy Resources Sets Open House for October 20th, 2006
NEW YORK, NY--(MARKET WIRE)--Sep 5, 2006 -- Green Energy Resources (Other OTC:GRGR.PK - News) hailed passage of California's greenhouse gas emissions law as the dawn of the green energy era in the US. The landmark bill sets emissions limits for industry as well as power utilities. The impact and implications reverberate nationwide. The bill mirrors the internationally enacted Kyoto protocol, but changes the dates to reflect present day realities. California is the world's 16th largest greenhouse gas emitter. The bill surpasses the initiative of the nine (9) Northeast states passed last year to curb greenhouse gases to reduce global warming. Other states are likely to follow California's lead.
Green Energy Resources has developed a software system to track, market and trade carbon, and other emissions at the local level. It is ideally suited for California's cities, towns and municipalities. The software was developed in response to preexisting market demand in the states including California. Green Energy Resources supplys wood biomass salvaged from waste wood sources with enhanced carbon reduction attributes. The company also has in development "Eco-Green coal," a biomass adhered to coal to reduce carbon emissions by co-firing. Most recently, Green Energy Resources announced preparation of two export orders for Europe. The total sales value of the orders is approximately $5 million dollars. The orders will yield over $20 million dollars in sales well into 2007. Shipment will commence this autumn.
On October 20, 2006, Green Energy Resources will sponsor an "Open House." The company will hold demonstrations of its new state-of-the-art UTCS software. The event is intended for investors, the media, environmental groups and potential institutional partners. The event will be coordinated with a visit to the port facility to view the export operations of woodchips by 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 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
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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