SOURCE: GreenGold Ray Energeis, Inc.

GreenGold Ray Energeis, Inc.

August 24, 2009 09:18 ET

GreenGold's (Symbol: GRYE) CEO Travels to Europe - Confirms Status of Biodiesel Refinery Plant & Visits USA

CAGAYAN DE ORO, PHILIPPINES--(Marketwire - August 24, 2009) - Green Gold Ray Energies, Inc. (PINKSHEETS: GRYE) announces that CEO Manolo Tecson is scheduled for a September trip to England, Germany and Switzerland, to confirm the final status of the biodiesel oil refinery units. Six months have passed since the discussions and negotiations with several biodiesel manufacturers in Europe have been made. This ocular visit should finally close the deal of acquiring this major capital equipment purchase of GreenGold.

Each of these manufacturers had presented units that are designed to produce from 1,000,000 to 3,000,000 gallons of oil per year or 8,000,000 to 10,000,000 liters of oil per year. These oil refineries are ready for inspection with shipping delivery should the closing agreement be finalized.

CEO Tecson's visit also includes a stopover in the USA. A four-day visit in New York City is to meet with several potential Wall Street investors interested in investing with GreenGold. The final stopover is a visit in Corpus Christi, Texas for an ocular visit of the proposed purchase of 200+ acres of agricultural land -- the sites for the GRYE's USA expansion (1) construction of biodiesel oil refinery plant; (2) development of jatropha plantations.

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.

Contact Information

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