Green Energy Resources

Green Energy Resources

August 24, 2006 07:12 ET

Green Energy Resources Obtains "UTCS" Domain Name; UTCS a Most Valuable Resource for a Green America and Renewable Energy

NEW YORK, NEW YORK--(CCNMatthews - Aug. 24, 2006) - Green Energy Resources (PINK SHEETS:GRGR) announced it has purchased domain name. The acquisition is seen as a major step forward for the company. The asset facilitates marketing, sales, and the company's ability to generate revenues through the world wide Internet.

UTCS (urban tree certification system) is a web based, user-friendly software program designed to promote resource recycling of wood waste.

It turns wood generated from the non- forest industry into a marketable commodity. UTCS software capabilities include, carbon reduction, emissions trading potential, data and inventory collection on wood biomass supplies, new revenue streams for local governments, carbon sequestration, resource recycling, and preservation of landfill space. Registration is free to municipalities and industry. Green Energy Resources will generate revenues through a fee based trade board, physical certifications for municipalities, data sales, and green consulting. Every trade transaction on a global basis will generate revenues for the company.

Green Energy Resources representatives are in the process of product demonstrations to key state agencies and officials. The company met with New York State last week and has scheduled meetings with North Carolina and Texas in early September. State agencies are bombarded routinely for information regarding wood biomass supplies in virtually every state in the nation. UTCS is the first and most comprehensive data collection system developed to meet renewable energy industry demands for data.

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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