SOURCE: Green Energy Resources

April 02, 2007 06:31 ET

Green Energy Resources (GRGR) Files 15c211 With NASD; Selected to Chair 2007 North American Bioenergy Conference in Chicago on April 16th

NEW YORK, NY -- (MARKET WIRE) -- April 2, 2007 -- Green Energy Resources (PINKSHEETS: GRGR) filed its 15c211 with the NASD last week. The 15c211 filing will elevate GRGR's ranking to "Solicited" from "Unsolicited" status on Pink Sheets once approved by the NASD .The filing is a part of the company's ongoing process to build a sound and solid reputation as a quality stock for shareholders. Green Energy Resources intends to expand its institutional shareholder base and increase its confidence level with current shareholders. The step is essential to becoming fully reporting .The company has limited the float to 15.5 million free trading shares. Green Energy Resources has raised no public money, has no debt and recorded a profit in its first 3 years of operation. The NASD will review the 15c211 but has no set time line for approval.

In other company news, Green Energy Resources has been selected as Conference Chairman of the 2007 North American Bioenergy Conference in Chicago on April 16th. The event is expected to be well attended and include a keynote address from Lester Brown, President of Earth Policy Institute and US Under Secretary, Thomas Dorr with the US Department of Agriculture. Other notables expected in attendance include Cargill Emission Reduction Services, Ecosecurities, Evolution Markets and Shell Oil US. Green Energy Resources will unvail its carbon offset emissions credit plan to the two largest international Emissions traders at the conference.

UTCS and Carbon Offsets

GRGR now offers carbon offset credits. Green Energy Resources offsets include reforestation, carbon and methane reduction from landfills. The sale of Offset credits represents a major financial opportunity for the company to capitalize on the rapidly growing international and expanding US market demands for emissions trading. The US market is already at $50 billion dollars and growing according to data reported in Environmental Finance Magazine in February. The carbon offset market is the fastest growing emerging market within all financial markets globally and has surpassed one trillion dollars according to the report. Offsets generated through UTCS meet Voluntary Carbon Standards (VCS).

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