SOURCE: Green Energy Resources

March 15, 2007 06:19 ET

Green Energy Resources ('GRGR') to Sponsor Bioenergy North America Conference in April

NEW YORK, NY -- (MARKET WIRE) -- March 15, 2007 -- Green Energy Resources (PINKSHEETS: GRGR) will sponsor the Bioenergy North America 2007 Conference. The conference will be held in Chicago on April 16 and 17 in conjunction with Environmental Finance Magazine of the UK. Green Energy Resources CEO Joseph Murray will speak at the event. The two-day forum will host a variety of speakers on various topics regarding bioenergy and biomass including ethanol, co-firing and direct burn . Green Energy Resources will utilize the opportunity to unveil its new UTCS trade board and sell carbon offset credits. Info is available at www.environmental-finance.com

GRGR Launches UTCS Trade Board

UTCS is a web-based user friendly software system designed to revolutionize the biomasse and woodfiber supply markets around the world. The UTCS trade board will help create a market place platform for the buying and selling of woodchips and carbon offsets in North America. Green Energy Resources will generate revenues from subscriptions, memberships, advertising and sales of carbon offset certificates through the new website. Woodchip supply and distribution have been the single greatest impediment to wider scale use for energy according to industry and government officials. UTCS solves the distribution system obstacles critical for wood cellulose to surpass corn as the primary ingredient in US ethanol production as well as other energy applications. More information is available at www.utcs.com

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 can meet the internationally recognized standards for offset authencity as well as the Voluntary Carbon Standard (VCS). The sale of offsets is expected provide a major competitive opportunity in domestic and international sales for the company.

Woodchips as Commodity

Green Energy Resources plans to meet with the Chicago Board of Trade to establish and list woodchips as an energy commodity. Green Energy Resources has established standards and published its specifications. The company has been a driving force to get woodchips listed since 2004.

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