SOURCE: Green Energy Live

Green Energy Live

November 23, 2009 02:00 ET

Green Energy Live Updates Shareholders on Revenue, Acquisitions and Strategy for Sustainable Biomass-to-Energy Conversion Technology

GRAND RAPIDS, MI--(Marketwire - November 23, 2009) - Green Energy Live Inc. (OTCBB: GELV) is pleased to provide shareholders with an update on the company's progress executing its strategy for the development of sustainable biomass-to-energy conversion solutions for the $154 billion U.S. livestock industry. Green Energy Live is generating revenue from its livestock auction business, acquiring a second revenue-positive company, and focusing on the development of on-site manure-to-electricity conversion systems for the nation's 1.2 million livestock operators.

Green Energy Live completed the acquisition of Comanche Live Exchange, a profitable Texas-based provider of live animal auctions, in July 2009. The wholly owned subsidiary has been serving the livestock industry for 60 years and has an extensive network of potential customers and industry contacts for Green Energy Live. As reported, for the six-month period ended June 30, 2009, Comanche generated revenues of $389,466 with consolidated total assets of more than $1.1 million. The company expects to announce new quarterly revenue results shortly.

Green Energy Live is focused on its second acquisition of a larger revenue company, Peck Electric, Inc. Peck Electric is a fully licensed electrical systems provider with a 37-year operating history and proven energy technology expertise.

Green Energy Live is engaged in the development of commercial applications of renewable energy gasification systems that convert biomass wastes into clean energy. The company plans to use proprietary gasification technology for the development of highly innovative, on-site manure-to-electricity conversion systems to enable America's livestock farmers and ranchers to convert their animal waste into clean, domestic, renewable energy. The technology is designed to enable operators to generate electricity for farm use as well as for sale back to the grid, reduce electricity and manure disposal costs, and protect the environment.

Manure management is a significant problem for the $154 billion U.S. livestock industry. Excessive concentrations of animal waste threaten air and water quality and farmers are facing increased regulation of their manure management practices from federal, state and local governments. There is widespread interest in using manure as a feedstock for energy production. (USDA, "Manure Use for Fertilizer and for Energy / Report to Congress," June 2009)

Karen Clark, President/CEO of Green Energy Live, commented: "We are extremely pleased with the execution of Green Energy Live's growth strategy to date. We have strengthened our financial position with the acquisition of a profitable livestock services business, are proceeding with the acquisition of a second revenue-positive company, are building our intellectual property portfolio, and are focused on solving a critical challenge for the U.S. livestock industry with game-changing proprietary clean energy technology."

About Green Energy Live (GELV.OB)

Green Energy Live Inc. is a fully reporting, publicly listed engineering and technology company headquartered in Wyoming, Michigan. The company is focused on developing and commercializing renewable energy gasification systems that convert biomass wastes, currently being dumped in landfills, into energy and other valuable co-products.

This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect GELV's current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause GELV's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. GELV undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information catered in this press release including such forward-looking statements.

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