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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) Offers an Industry First, Performance-Based Energy of Wood Biomass in BTUs, Kcal, and Gigajoules; Extends 10% Dividend Date
NEW YORK, NY--(MARKET WIRE)--Sep 17, 2007 -- Green Energy Resources (Other OTC:GRGR.PK - News) offers wood biomass to the power utility industry in BTUs, Gigajoules or kilocalories (Kcal). It's an industry first and a direct attempt to compete with coal and other fossil fuels on a comparative basis as an energy commodity. GRGR's performance-based energy output biomass can achieve 12,000-20,000 BTUs with superior environmental green house gas emissions results. The more energy a power plant produces, the more they can pay for the supply. The direct link between performance and price has been absent in renewable biofuels overall ability to compete with traditional fossil fuels as a true energy commodity and attract more investors. Future biomass sales will be based on the energy index.
The record date for the 10% stock dividend has been finalized by the Board of Directors. The record date will be moved back 46 days to November 15th rather than the originally proposed September 30th.
About Green Energy Resources
Green Energy Resources is a wood biomass supplier sourcing from landfills, municipalities, hurricanes, storm damage and other sustainable sources. The company also offers the sale of Carbon offset credits.
The company has no debt, has not raised any public money, operates on its own cash flow and is not leveraged. The Public float is approximately 17.5 million shares. A combined total of 50 million shares is issued and outstanding.
Note:
There has been a glitch with Pink Sheets in displaying stock data of GRGR. This has been at their end and they are working on correcting it.
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
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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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