SOURCE: IO News Wire

IO News Wire

December 15, 2009 02:00 ET

(OTCBB: GELV) Announces Profits and Revenue Increase

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - December 15, 2009) - Green Energy Live Inc. (OTCBB: GELV) announced yesterday that their wholly owned subsidiary Comanche Livestock Exchange posted an 18% revenue increase and a 6% net income increase over 2008.

The Federal Department of Energy has recently set a goal that 5% of the nation's power, 20% of its transportation and 25% of its chemicals should be supplied from biomass by 2030. Biomass supply logistics will be the largest hurdle in meeting these federally set goals. Green Energy Live will leverage its proprietary gasification technology to help develop and convert livestock waste into clean burning energy.

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Other active stocks are: XTO Energy (NYSE: XTO) JA Solar Holdings (NASDAQ: JASO) and Range Resources Corp (NYSE: RRC)

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