SOURCE: Green Energy Resources

September 17, 2007 07:07 ET

Green Energy Resources (GRGR) Offers an Industry First, Performance-Based Energy of Wood Biomass in BTUs, Kcal, and Gigajoules; Extends 10% Dividend Date

NEW YORK, NY--(Marketwire - September 17, 2007) - Green Energy Resources (PINKSHEETS: GRGR) offers wood biomass to the power utility industry in BTUs, Gigajoules or kilocalories (Kcal). It's an industry first and a direct attempt to compete with coal and other fossil fuels on a comparative basis as an energy commodity. GRGR's performance-based energy output biomass can achieve 12,000-20,000 BTUs with superior environmental green house gas emissions results. The more energy a power plant produces, the more they can pay for the supply. The direct link between performance and price has been absent in renewable biofuels overall ability to compete with traditional fossil fuels as a true energy commodity and attract more investors. Future biomass sales will be based on the energy index.

The record date for the 10% stock dividend has been finalized by the Board of Directors. The record date will be moved back 46 days to November 15th rather than the originally proposed September 30th.

About Green Energy Resources

Green Energy Resources is a wood biomass supplier sourcing from landfills, municipalities, hurricanes, storm damage and other sustainable sources. The company also offers the sale of Carbon offset credits.

The company has no debt, has not raised any public money, operates on its own cash flow and is not leveraged. The Public float is approximately 17.5 million shares. A combined total of 50 million shares is issued and outstanding.


There has been a glitch with Pink Sheets in displaying stock data of GRGR. This has been at their end and they are working on correcting it.

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 company's 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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