SOURCE: GreenGold Ray Energies, Inc.

GreenGold Ray Energies, Inc.

March 04, 2009 09:21 ET

GreenGold Ray Energies (Symbol: GRYE) Is Well Positioned to Profit in 2009, Expecting to Earn $1.45 Million USD or $0.053 per Share

CAGAYAN DE ORO, PHILIPPINES--(Marketwire - March 4, 2009) - GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) announces that it is well-positioned to profit in 2009 as it begins its refining operation activities this summer. GreenGold Ray Energies is expecting to earn about $1.45 million USD, or $0.053 per share.

GreenGold is expected to complete the setup of its first Biodiesel Processing Plant in Nasipit Harbor and the first harvest of its jatropha feedstock being set to begin during the summer of 2009.

2009 Projected Sales & Net Income Financial Overview

Income                          U.S.  Dollars
Jatropha Biodiesel              $   4,608,000
Jatropha Press Cake             $      27,072
Jatropha Residual               $     186,703
Total Gross Income              $   4,237,248
Net Income                      $   1,454,244

Stock Price           Earnings Multiple          PEG Ratio
$0.10                      1.85x                      0.02
$0.15                      2.78x                      0.03
$0.20                      3.71x                      0.04
$0.25                      4.63x                      0.05
$0.30                      5.56x                      0.06

In conclusions, the GreenGold Ray Energies, Inc. (GRYE) expects to increase its jatropha feedstocks and oil production from over 6,000 hectares in 2010 and more than double estimated net income, assuming a sustainable 20% growth rate, a PEG ratio of 1.0 would yield a share price of $1.07 per share, a substantial premium to the current share price. (Copyright © 2009 Accelerize New Media Inc. exclusively prepared for GRYE 2009 Research Report).

About GreenGold Ray Energies Inc.

GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly growing biodiesel, green technology, environmentally friendly and alternative-renewable energy company. The Company has already solidified its position through a highly successful land acquisition program, acquiring large parcels of land through working alliances and joint venture partnership with landowners and growers, ideal for the cultivation of the jatropha curcas plant. Jatropha curcas grows almost anywhere, even on gravelly, sandy and saline soils. Jatropha oil can be processed to produce a high-quality biodiesel that can be used in a standard diesel car, while the residue can also be processed into biomass to power electricity plants.

Forward-Looking Statements

Forward-looking statements in this release include statements regarding the Company's projections regarding biodiesel, biofuels other alternative energy explorations and extractions in future periods. Penny Stocks are highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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