Green Energy Resources
PINK SHEETS : GRGR

Green Energy Resources

August 08, 2006 12:49 ET

Green Energy Resources Demos Revolutionary UTCS Software For GRGR Institutional Shareholders And Introduces New CFO Today

NEW YORK, NEW YORK--(CCNMatthews - Aug. 8, 2006) - Green Energy Resources (PINKSHEETS:GRGR) showcases its UTCS software and introduces the new CFO, Joseph Mcgowan to company shareholders in New York today.The UTCS software package will include a commodities index and exchange trade board for buying, and selling of certified woods for the renewable energy industry.The trade board will generate new revenue streams for the company through registration fees,membership subscriptions and advertising revenues beginning 4th qtr 2006.The exchange index establishes a commercial market forum for certified wood , or wood biomass to become certified by UTCS. The data creates the largest pool of wood biomass. In the world and opens the way for woodchips to be a primary alternative fuels ingredient rather than corn. The UTCS data system will generate volumes to rival major agricultural corn producers.

Green Industry firsts

UTCS(urban tree certification system) software features a structure for carbon emission reductions (CERs) and tradeable credits for municipalities. The package is designed to allow future international trades of carbon credits through the European Trading Scheme(ETS) and through the World Banks' Clean Development Mechanism (CDM) Green energy Resources plans to meet with the CDM Executive Board on 9th and 10 of October.UTCS is designed to prevent pollution and reduce use of natural resources by recycling wood waste destined for local landfills. UTCS develops a national tree inventory data bank .The software also efficiently tracks the disposal, location and storage of wood biomass for the nations energy supply into a tradeable commodity with chain of custody documentaion. Green Energy Resources will own the data and thus insure its ability to supply long term contracts and retain its competitive market share.

In other company news, Green Energy Resources is planning its first shareholders meeting for this fall. The company willl demonstrate the new UTCS software to shareholders, invite the media to attend and visit a local port to see and view a planned export shipment of woodchips.

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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