Carbon Green Inc.
OTC Bulletin Board : CGNI

Carbon Green Inc.

June 11, 2010 09:00 ET

Carbon Green Shifts Into High Gear and Partners With Richard Branson's Virgin Racing Formula 1 Team: John Novak, Company CEO, Attending Montreal Grand Prix Sunday, June 13, 2010

MONTREAL, QUEBEC--(Marketwire - June 11, 2010) - Carbon Green Inc. (the "Company") (OTCBB:CGNI) is pleased to announce it has signed an agreement to partner with Sir Richard Branson's Virgin Racing Formula 1 Race Team, making it the first green technology partner sponsor to be involved in Formula 1. 

As one of three new entrants into the 2010 Formula 1 season, Virgin Racing was officially launched at a press conference in London amid much fanfare where Virgin cited the sport's rapidly evolving environmental strategy as a key element of its decision to continue its Formula 1 involvement and a key reason for its partnership with Carbon Green.

Virgin's two state-of-the-art cars have been designed by celebrated car designer Nick Wirth utilizing the Computational Fluid Dynamics (DFD) concept; a wholly digital approach to development, designing, building and testing cars in computer simulation without the need for expensive and resource-heavy wind tunnel testing. Just like Carbon Green's technology, it has the ability to change an industry.

The Carbon Green brand mark is prominently featured on the nose and bargeboards of the Virgin Racing cars, as well as on the left-hand-sleeve of all race wear.

John Novak, President & CEO of Carbon Green Inc., commented: "I'm looking forward to attending the Montreal Grand Prix with Virgin Racing as we celebrate the much-welcomed return of the Grand Prix to Montreal after a one-year absence. During the event Carbon Green will be meeting with the media to discuss its cutting edge tire recycling technology that takes discarded tires, which are an environmental hazard, and breaks them down into 100% reusable commodities while preventing substantial greenhouse gas emissions." He went on to say, "We believe this unique technology will have a profound positive impact on the earth and provides a safe solution for dealing with the over one billion waste tires discarded annually and ten billion waste tires stock piled worldwide. We are extremely proud to have our name and logo featured on the Virgin F1 race car as it confirms Virgin's commitment to the environment by creating the first ever F1 green technology partnership."

Virgin is taking a leadership role on corporate responsibility through its many innovative and inspiring initiatives including 'Virgin's Earth Challenge', a world-wide competition to develop a technology that removes greenhouse gases from the atmosphere. By partnering with Virgin Racing, Carbon Green is aligning itself with a company that shares similar values. In London, Virgin Racing CEO, Graeme Lowdon, welcomed Carbon Green to the team: "Carbon Green is a fantastic addition to our new partnership portfolio and we are looking forward to a close relationship in the years ahead. Virgin's objective is to be at the forefront of developing environmentally friendly business strategies and the group values its association with like-minded partners. The FIA has an impressive environmental policy and through Virgin Racing we hope to develop a strong dialogue, share perspectives and offer a meaningful contribution to the sport, the governing body and our stakeholders beyond pure competition."

Sir Richard Branson stated, "I am confident that the newly-formed Virgin Racing Formula 1 team will combine the firepower of one of the world's most recognisable, innovative brands with a thoroughbred motoring pedigree to mount a serious challenge in one of the world's most prestigious sports.

On behalf of the Board of Directors,

CARBON GREEN INC.

John T. Novak, President and CEO

Notice Regarding Forward Looking Statements

This press release contains projections and forward looking statements, as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and can include, without limitation, statements based on current expectations involving a number of risks and uncertainties and which are not guarantees of future performance of the Company. There are numerous risks and uncertainties that could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information including adverse market conditions and the inability of the tire pyrolysis plant to commence commercial production. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice.

Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's annual report on Form 10-K, its quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

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