SOURCE: IO News Wire

IO News Wire

December 03, 2009 02:00 ET

(OTCBB: GELV) Pursuing Biomass-to-Energy Acquisitions

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire.

NEW YORK, NY--(Marketwire - December 3, 2009) - Green Energy Live, Inc. (OTCBB: GELV) announced yesterday that they are in the market to acquire businesses that are complementary to their core business model.

Biomass is the 4th largest contributor to the world's primary energy supply behind oil, coal, and natural gas, and provides four times more primary energy than hydropower. Biomass is the leading fuel form that will actually reduce waste materials that would otherwise create environmental risks. It is estimated that over 120 billion dollars has been invested in renewable energy in 2008 alone.

Green Energy Live has already completed its first acquisition in July 2009 of Comanche Livestock and has Peck Electric under consideration.

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Other active stocks are UAL Corporation (NASDAQ: UAUA) AMR Corp (NYSE: AMR) Dyax Corp (NASDAQ: DYAX)

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