Green Energy Resources

Green Energy Resources

June 06, 2006 05:00 ET

Green Energy Resources 'GRGR' Selects CFO

NEW YORK, NEW YORK--(CCNMatthews - June 6, 2006) - Green Energy Resources (PINK SHEETS:GRGR) has selected Mr.Joseph Mcgowan as CFO. Mr. Mcgowan is a CPA with over 25 years experience at the institutional level.Mcgowans expertise includes management of financial audits, internal control audits and Initial Public Offerings ( IPO's).His outstanding skills will benefit the company in preparing financial statements,regulatory reports and SEC Filings. Joseph Mcgowan said".Green Energy Resources has an outstanding business model, and is second to none in industry leadership,and vision. It is my objective to bring them into conformity with financial markets."Green Energy Resources plans to list on the London Aim Market and the Nasdaq Bulletin Board. The company has no debt and produced profits in 2004 and 2005. Mr.Mcgowan will be based in New York.

In other company news, Green Energy Resources has completed requirements for the Nasdaq OTC to trade( bid and ask) on its new tiered system.Green Energy Resources SEC attorney Jack Halperin, has been working with Pink sheets to insure the requirements have been met. New CFO Mcgowan will take an active role in the near future in conjunction with Mr. Halperin.

CEO, Joseph Murray has focused his primary attention on new contract opportunities. The London Aim market has slowed appreciably in 2006 with a backlog of listings, particulary of US companies. The Aim market has effectively delayed newcomers 6 or more months. Mr.Murray will announce plans to go to China this summer in an upcoming news bulletin. Mr. Murray's plans are to return to Europe within a few weeks for additional contract talks for deliveries in 2006.

Green Energy Resources UTCS software is ready for market application and distribution..The user friendly software is designed to create a first time national database of wood biomass supplies. The program contains an EBAY like market place for buyers and sellers. Green Energy Resources will generate new revenues from the buyers and sellers market place on every transaction, even those not involving the company.The software will create a first ever community tree inventory system, and a funding mechanism to reduce green houses gases through forest sequestration.Green Energy is talking with New York, Maryland and California as initial markets.

About Green Energy

Green Energy Resources is a wood biomass supplier and exporter to the power utility industry worldwide. Wood biomass has multiple applications, including co-firing with coal, gasigfication, ethanol for fuel, biodiesel, and direct burn. Biomass is the only renewable energy that can be stored with reserves. The company has recently received two (2) trial order shipments to begin in September destined for Europe. Each shipment is approximately $2.5 million dollars in value.

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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