SOURCE: Green Energy Resources

October 03, 2007 09:16 ET

Green Energy Resources (GRGR) Gets 'Buy' Rating from European Investment Group; New London Office Opens

NEW YORK, NY--(Marketwire - October 3, 2007) - Green Energy Resources (PINKSHEETS: GRGR) has received a "speculative buy" rating from OEKO - Invest. Oeko is a European based invesment group located in Vienna, Austria. The rating comes as the European market begins to take form with multiple power plants in need of biomass throughout Europe. Green Energy Resources has positioned itself to penetrate the import biomass market and has a targeted goal of 80% by 2011. The new office in London was a key factor. Oeko - Invest is a well known European organization specializing in emerging renewable energy companies.

Green Energy Resources opened a new office in London, UK, effective October 1st. The new offices are located on Northumberland St. in the heart of Trafalgar Square. The office allows greater visibility in the UK and Europe.

In other news,corn for ethanol continues to drive up grain commodity prices, and corn in particular. The trend reveals the necessity to utilize non food crops for energy such as wood biomass. Oil hit an all time high at $84 per barrel indicating strong growth for renewable energy in all sectors. Several wood cellulose projects for bio fuels are underway in the US.

A 3RD qtr. profit was generated by the company as expected. Green Energy Resources is moving rapidly and aggressively to have 2nd and 3rd qtr. numbers reported as swiftly as possible. The company apologizes for the delay. The Dividend remains on track for November 15th, 2007.

Green Energy Resources

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.

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