SOURCE: Green Energy Resources

March 05, 2007 08:19 ET

The Urban Tree Certification System (UTCS) and Green Energy Resources' "Carbon Offsets" Can Combat Climate Change by Planting Millions of Trees a Year in Our Cities

NEW YORK, NY -- (MARKET WIRE) -- March 5, 2007 -- Green Energy Resources (PINKSHEETS: GRGR) launches "Carbon Offset" credits sales. The company's goal is to remove a million tons of carbon annually from the atmosphere. Green Energy Resources plans to sell the carbon offset credits in Blocks of 100 tons known as carbon financial instruments (CFIs). The price will most resemble the European Trading Scheme at around $30 per ton. Carbon offsets are open to the public, businesses and the investment community.

Green Energy Resources Urban Tree Certification System (UTCS) reduces carbon and methane from the atmosphere by planting trees and taking wood waste from landfills. UTCS renewable energy platform includes cellulostic ethanol, brownfield redevelopment and other sustainability programs. UTCS is designed to create a self-sustaining and revenue generating mechanism to plant millions of trees a year to create carbon sequestration in U.S. cities and suburbs. UTCS potential, if readily adopted throughout the U.S., could remove millions of tons of carbon from the atmosphere annually. UTCS is designed to replace all other existing urban forest management schemes and the need for environmental organizations support because the plan does not require monetary donations or federal grants. UTCS is a web-based software system offered to local, city and state governments to help combat climate change at no charge. Details about UTCS are available at www.UTCS.com

Green Energy Resources cited a newly released internal Bush Administration report indicating the United States will increase its share of Global warming emissions by nearly 20% by 2020. The United States already contributes 25% of the world's total green houses gases and is the single largest emitter. The United States according to the report, will increase emissions from 7.7 billion tons per year to 9.2 billion tons per year.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

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