SOURCE: Global Envirosolutions, Inc.

February 24, 2010 07:30 ET

Green Oasis Environmental Inc. on Target to Record Year End 2010 Revenues of Over $8.5 Million

Revenue Forecast Based on $60 per Barrel of Oil

EDMONTON, AB--(Marketwire - February 24, 2010) - Green Oasis Environmental Inc. (PINKSHEETS: GRNO) is pleased to announce they are on target to record Year End 2010 revenues of over $8.5 million. Revenue projections are based on the most recent acquisitions and soon to be acquired Oklahoma project. This project is set to be acquired within the next few days. All revenue figures from listed projects reflect $60 per barrel of oil. Current market price per barrel of oil is $78.

Year End 2010 revenue forecast of over $8.5 million are based on six projects which are all located in the United States.

--  The Montana project currently has 7,000 bbls of stored and de-cantered
    oil. Approximately 70% is recoverable. Operations will begin in April
    and are projected to generate net revenues for 8 months of $1,334,000.
--  The Wyoming processing plant has an estimated 20,000 bbls of stored
    oil. Approximately 50% is recoverable. Processing is set to start by
    April and is projected to generate net revenues for 8 months of
--  The 2nd Wyoming project has an estimated 6,000-10,000 bbls of stored
    oil. Approximately 50% is recoverable. Processing will begin in April
    and is projected to generate net revenues for 8 months of $1,460,000.
--  The Oklahoma project should be finalized within a few short days and is
    set to be operated as a tank farm which will be filled with oil on a
    regular (monthly) basis and processed by CCP's mobile processing units.
    The capacity for storage on this site is 4,000 bbls. Approximately 50%
    of this slop is recoverable oil. Operations will begin by April and are
    projected to generate net revenues for 8 months of $1,320,000.
--  The Injection Well project is estimated to process and dispose of
    3,000 bbls of water per day. These numbers are not based on capacity,
    but what is a reasonable volume to achieve in the first year. These
    Injection wells are projected to be online and operational by May; they
    are projected to generate net revenues for 7 months of $869,000.
--  $3 million of pre-sold slop oil is set to be sold to Shell Trading
    (US), Inc., and recorded as additional revenue by late spring. Shell
    Trading (US), Inc. has an ongoing 4 year business relationship with
    CCP, wholly owned subsidiary of Green Oasis Environmental, Inc., where
    they directly purchase CCP's slop oil anywhere within the United
    States. Shell Trading, Inc. has already purchased close to $5 million
    of slop oil from CCP.

"I am excited with what has taken place over the last few months here at Green Oasis and am happy at our progression forward. It is important that we act fast on opportunities while being able to maintain and run each project efficiently; these opportunities come our way weekly and it is vital that we thoroughly look at all of these opportunities, but not take on more than we are able to handle. I am extremely pleased with the enthusiasm of our team moving forward on these projects, and have also had the privilege to talk with some of our investors as time allows, and always welcome their feedback and support. These figures I have provided should give a good indication where Green Oasis is headed in 2010. I also look forward to sharing other information on projects we are working on as I am able to. Thank you to all of our shareholders for your support thus far; get ready for an exciting year," stated Peter Margiotta -- President/CEO of Green Oasis Environmental Inc.

About Green Oasis Environmental Inc.

Green Oasis Environmental, Inc. (PINKSHEETS: GRNO) is dedicated to acquiring and providing access to world class technologies available today and has chosen to focus its efforts on seeking acquisitions of technology and/or operations concerning the remediation of slop oil, waste engine oil, and tank bottom oils. GRNO has every intention of becoming the single best option for reclaiming oil to pipeline specification from these waste products. Through the Company's state of the art technology, GRNO will be able to process these waste products at one of their facilities or at a customer's site by way of implementing its portable processing technology.

About Custom Carbon Processing Inc.

Custom Carbon Processing Inc. (CCP) is a Wyoming based Company formed in 2006 that has been operating in the Gillette, Wyoming area since its inception. Through the technology that CCP has developed, CCP is able to process slop oil unrefined, non saleable oil) into pipeline standard crude. Its current facility has the capabilities of processing up to 1,500 barrels of slop oil with a conversion ratio of approximately 50% to finished crude. Through its ongoing contract, CCP sells the processed slop oil to Shell Trading (US) Company ( Shell Trading (US) Company is a corporation that acts as the single market interface for Royal Dutch Shell companies and affiliates in the United States with offices in Houston, TX (headquarters); Dallas, TX; Denver, CO; Midland, TX; and San Antonio, TX; and has an affiliated Shell Trading company in Calgary, Alberta. Shell Trading buys and sells more than five million barrels per day of hydrocarbons, is one of the largest physical traders of hydrocarbons in the United States and one of the world's largest energy trading companies.

In addition to its Wyoming facility, CCP is currently planning expansion of its processing technology into Montana and North Dakota, home of the Bakken ( and Three Forks plays, said to be two of the largest oil plays in North America.

For more information on Green Oasis Environmental, Inc. or Custom Carbon Processing Inc., please visit or contact Investor Relations at (877) 207-3370.

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management, as well as assumptions made by any information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.

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