SOURCE: Green Energy Resources

October 06, 2006 06:04 ET

Green Energy Resources Sponsors Open House October 20th and Updates Investors

NEW YORK, NY -- (MARKET WIRE) -- October 6, 2006 -- Green Energy Resources (PINKSHEETS: GRGR) will hold an open house on October 20th, 2006 in New York City.The company will demonstrate its new UTCS software for all interested parties and interested shareholders. The company will discuss its business prospects for 2007, direction and market trends. All interested parties planning to attend must contact our office as soon as possible. Space is limited and must be reserved. Please email our office at mmccurdy@greenenergyresources.com to make a reservation.

In other company news,Green Energy Resources will travel to Europe to meet with buyers in Italy, Austria and the UK later this month.A meeting with Helius Energy of the UK is also planned. Green Energy Resources received a Letter of Intent from Helius Energy earlier this year. The two companies plan a tour of the site near Immingham, UK and a joint press release. Other companies in the UK will also be visited to update on planned shipments in 2008 and 2009.

Green Energy Resources plans on attending several conferences in the US in October and November promoting its UTCS software. UTCS software is a major breakthrough for planning, investment financing and supplies to the renewable energy industry through its inventory and resource tracking capability. The renewable energy markets are anticipated to grow significantly in the U.S. in 2007 according to many sources.Cellulostic fiber (woodchips) received a significant boost with the passage of the California Green House emissions bill, and the North Eastern States regional emissions cap and trading plan that went into effect in 2006. Planned investments by major oil producers Chevron, Shell and BP in biodeisel and ethanol have begun the sea shift toward biomasse renewables.

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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