SOURCE: Green Energy Resources

October 06, 2005 06:39 ET

US Budget Red Ink and Energy Costs Can Be Turned Black by Green Energy; Green Energy Resources Meets US Policy Leaders and Gulf Coast Officials

HUNTINGTON, NY -- (MARKET WIRE) -- October 6, 2005 -- Green Energy Resources (OTC: GRGR) meets with Louisana state officials in Baton Rouge today. Discussion will focus on the millions of tons of woodchips for export energy procurement. The woodchips create jobs, reduce storm damage costs to state taxpayers and boost the US exports for Green Energy Resources. Each ton procured through hurricane damage clean up represents approximately $5-7 dollars in savings to the company, and $40 per ton in cost expenditures to US taxpayers. Green Energy Resources will offer its UTCS software to Louisana to assist in damage clean-up tracking.

Green Energy Resources will attend, speak and sponsor a reception at the US ACORE renewable energy policy conference in Washington, DC, between October 17-19. The conference will be attended by congressional leaders from both parties, US Secretary of Energy Bodman, and many state policy leaders. The opportunity to address congressional leaders is an effective lobbying tool, and creates a level playing field not dominated by big energy industries. Green Energy Resources' plan for renewable energy is an opportunity for American taxpayers to reduce the red ink of hurricane clean-up costs and offers America a new direction utilizing natural resources, not wasting them. 10% of America's total electric power needs lies on the ground in the gulf coast region.

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 company's 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.

Contact Information