Green Energy Resources

Green Energy Resources

May 30, 2006 09:41 ET

Green Energy Resources 'GRGR' CEO Returns 1.5 million Stock Dividend

NEW YORK, NEW YORK--(CCNMatthews - May 30, 2006) - Green Energy Resources (PINK SHEETS:GRGR) Chief Executive Officer, Joseph Murray returned his stock dividend of 1.5 million shares back to the company. Mr. Murray, is the founder of the company and the largest shareholder controlling over 36 million shares. CEO Murray said it was the right and responsible thing to do. "The recently issued 5% dividend was intended to reward shareholders, not company executives ", Mr. Murray said. Green Energy Resources issued a 5% stock dividend on May 9th.

About Green Energy Resources

Green Energy Resources is dedicated to becoming a leading and reliable provider of low cost, high quality wood fiber fuels (biomass). Biomass, is organic matter that can be converted to energy, and is the fourth leading source of energy in the world (behind oil, natural gas and coal). Renewable Energy is expected to grow over 10% by the end of the decade.

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 companies' 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.

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