Green Energy Resources

Green Energy Resources

March 22, 2006 09:11 ET

Green Energy Resources Featured In Houston Newspaper; Renewable Energy Assists Hurricane And Economic Recovery In Region

HOUSTON, TEXAS--(CCNMatthews - March 22, 2006) - Green Energy Resources (PINK SHEETS:GRGR) was prominently featured By the Houston Chronicle newspaper; Enclosed is an edited version of the report.

Six months after Hurricane Rita ravaged the East Texas piney woods, sawmills are stacked full with salvaged logs.

But many communities are still littered with unsalvageable, splintered trees and waste wood from logging, such as branches and treetops.

That's where Michael Bishop, owner of an alternative power company in Nacogdoches, comes in. He plans to collect the ruined wood and transform it into electricity for Europe.

"This is an opportunity to turn that waste into a useful product," he said. Bishop, president of American Biorefining, and Joe Murray, chief executive officer of Green Energy Resources, a New York City-based renewable energy firm, expect to collect millions of tons of shattered trees, branches and other forest debris from an area stretching from northern Harris County to Nacogdoches to the Sabine River.

The pair plan to shred the waste wood into biomass fuel and ship it to European countries where such fuel is burned to generate power. Bishop expects to lease a dock at the Houston Ship Channel by April 1 and begin shipments soon afterward.

Murray's firm already ships chips from Northeastern forest waste wood to Europe. He said he opened his Texas office in June 2005, in part, because hurricane seasons usually create plenty of such fuel. He hopes to collect material from urban and suburban areas as well as forested lands.

"This is just the beginning," Murray said. "There are several million tons in the general vicinity(of East Texas). It's a brave, new world," he said, "in terms of energy."

Full story at (march 20,2006)

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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