SOURCE: IO News Wire

IO News Wire

December 08, 2009 02:00 ET

(OTCBB: GELV) Rapid Growth Attributed to Acquisition

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

NEW YORK, NY--(Marketwire - December 8, 2009) - Green Energy Live, Inc. (OTCBB: GELV) announced yesterday that its recent acquisition of Comanche Livestock Exchange has greatly increased its financial position as well as its strategic focus.

Biomass, which accounts for nearly 14% of the world's energy has also become a major focus of recent Federal Legislation. The US Department of Energy and Agriculture will be issuing $564 million to the biomass industry through the American Recovery and Reinvestment Act. An additional $700 million in non-federal and private money will also be invested, bringing the total to $1.3 billion in funds.

With emissions expected to grow by nearly 40% by 2030, biomass development is needed to ensure a viable alternative to traditional fossil fuels.

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Other active stocks are AsiaInfo Holdings (NASDAQ: ASIA) BioFuel Energy Corp (NASDAQ: BIOF) NVIDIA Corp (NASDAQ: NVDA)

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