SOURCE: IO Circuit

June 13, 2006 10:42 ET

(OTC: GRGR) Targets 10% of China Coal Market

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- June 13, 2006 -- Green Energy Resources (PINKSHEETS: GRGR) CEO, Joseph Murray announced today he has accepted an invitation to meet with China's government leaders this summer. The itinerary includes, the shipbuilding industry and GRGR's shareholder base and office inside the country. Green Energy Resources has been working with government officials, coal industry executives, and company shareholders to secure a long term supply contract for China's rapidly expanding coal burning market for over a year. China 's coal market is larger than the United States and Europe combined. China's total potential market value for biomass is well in excess of $ 5 billion dollars and growing. China opens a new coal burning plant every 10 days. Green Energy Resources has on going discussions to supply biomass to the country over the next 15 years and includes the purchase of several woodchip carrier vessels financed through the sale. Each ship constructed in China is approximately $28 million dollars and each shipment of biomass valued at approximately $5 million dollars.

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