SOURCE: Green Energy Resources

March 21, 2007 05:48 ET

Green Energy Resources (GRGR) to Bolster Profitability Through Log Sales

NEW YORK, NY -- (MARKET WIRE) -- March 21, 2007 -- Green Energy Resources (PINKSHEETS: GRGR) re-enters the log market. Company CEO Joseph Murray announced today the company will resume brokering, buying and selling logs effective immediately. "Logs are an integral part of developing the woodchip market and offer the company an obvious means to generate new revenues," said Mr. Murray. CEO Murray founded a private company in New York in 1994 which exported logs worldwide and was instrumental in developing and expanding the market with Quebec, Canada. New York International log and lumber company was the original name of Green Energy Resources prior to its name change in 2005. The company and its CEO were featured in a full page news story in a Sunday edition of the New York Times on January 28th of 2001, followed by a subsequent nomination for the "American Entrepreneur of the Year" award. The company was generating nearly a million dollars annually in revenues from log sales prior to entering the woodchip export market in 2003. Nearly one billion board feet of timber crosses into Canada annually from the North East according to New England forestry officials. The company is expanding and returning to its core business.

Logs are obtained primarily from the same sources as woodchips. They originate as waste wood sources from tree services, highway and road clearings, storm damage, homeowners, and cities and towns. Green Energy Resources has pre-established a New England base and will go to its strength in the middle Atlantic states including the New York metropolitan area. Green Energy Resources has undertaken the steps to secure and insure a long term supply of woodchips for export. The company is also planning the logistical supply throughout the North East United States where markets are expected to get underway this year or next. Green Energy Resources is currently exporting energy chips and anticipating a need to secure over 2.5 million tons a year by 2009.

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.

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