SOURCE: Green Energy Resources

January 22, 2007 07:48 ET

Decreased Emissions, Increased Profits for GRGR

Wood Biomass Remains Top Green Energy Investment

NEW YORK, NY -- (MARKET WIRE) -- January 22, 2007 -- Green Energy Resources (PINKSHEETS: GRGR) will seek to join the AES and GE Financial Services partnership announced January 18th to reduce global warming. The two companies' focus will be renewable energy projects led by biomass and the reduction of methane gas according to company spokesman Bill Lyons of AES. Methane, according to the press release has 21 times more warming capacity than carbon dioxide. AES generates over 44,000 megawatts of power worldwide and GE Financial Services has invested over $1.5 billion in renewable energy. Green Energy Resources' UTCS software is designed specifically for biomass with the capacity to reduce carbon, methane, nox, sox and mercury through its applications.

In other industry news, Congress in its first 100 hours passed the 'Clean Act' which will provide funding for renewable energy in America with billions of dollars funded by oil exploration in the Gulf of Mexico. The legislation also reduces our international security risks from mid east oil producers. President Bush in this week's State of the Union Address is expected to strongly endorse efforts to reduce global warming and promote renewable energy in America. President Bush has advocated energy from woodchips on many occasions over the last several years. Congress is expected to take a number of actions to join the international community to stop global warming in the next several months.

CNBC dedicated several segments last Friday to the issue of global warming. A clear consensus from business and industry leaders including Jack Welch, that action, investment and change are needed now.

Green Energy Resources will release its 2006 financials shortly and begin reporting quarterly in 2007.

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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