Green Energy Resources

Green Energy Resources

March 27, 2006 06:37 ET

Green Energy Resources Announces Stock Dividend; Sets March 31,2006 Deadline Date

NEW YORK, NEW YORK--(CCNMatthews - March 27, 2006) - Green Energy Resources (PINK SHEETS:GRGR) announced a stock dividend to shareholders of record as of March 31, 2006. The original announcement was made in November 2005, and confirmed January 2006.The dividend is scheduled for delivery in May, according to company plans. Green Energy Resources has produced profits in 2004 and 2005 and has no debt.

Green Energy Resources has targeted a 20% share, or about $6 billion dollars, as a goal of the European biomass imports market by 2011 .The Plan is well underway and kicked off at this months European 2006 Biomass Conference held in London. Green Energy Resources was a sponsor of the event, and the only biomass supply company in attendance. The Conference had many of Europe's largest biomass buyers, including the major power utilities, seeking potential supply sourcing.

Green Energy Resources was featured on March 20th in the Houston Chronicle Newspaper, in an article titled'' Energy companies count their chips among the debris'. Green Energy Resources has been work to utilize storm damaged wood for energy and help in the economic recovery of the region.

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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