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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
GRGR Retires 405,573 Shares in Stock Buy Back
Green Energy Resources Thanks Investors
NEW YORK, NY--(MARKET WIRE)--Sep 21, 2006 -- Green Energy Resources (Other OTC:GRGR.PK - News) announced it is retiring 405,573 shares of company stock from the float. The move reduces the total volume of trading shares from 15.5 million to 15.1 million shares. The company initiated a stock buy back in March targeting upto 1.2 million shares in 2006. The vast majority of the shares have been recouped between July and September. The company plans to maintain the buy back policy throughout the end of the year and remains on target.
In other company news, Green Energy Resources has requested its SEC attorney to look into possible illegal shorting of GRGR stock. Yesterday's unusual trading activity had a negative effect on Green Energy Resources' stock price. There were irregular activities throughout the day, including dropping the bid and ask prices on buy orders, and buy trades not executed before the closing bell.
Green Energy Resources thanks each of its investors for their support, interest and for expressing concerns about the trading activities. As always, the company recommends investors obtain stock certificates from their broker. The company continues to work hard to bring together the investor, financial, energy, government and residential communities in a combined effort to fight global warming through the use of renewable energy. The company is dedicated to greenhouse gas reduction and making the planet a better, safer place to live.
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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