BAKERSFIELD, Calif.--(BUSINESS WIRE)--GSPI--
American Biofuels (ABF), a biodiesel production company
that is 35% owned by Green Star Products, Inc. (OTC:GSPI), announced
today that its Bakersfield Biodiesel Plant's production and sales have
increased by 60% per calendar quarter since plant start-up November
2003.
ABF is also pleased to announce that its projected revenue, based
on current biodiesel sales, for the quarter (July 1st through
September 30th) is estimated to exceed $700,000.
With the demand for high-grade biodiesel expanding and soybean oil
feedstock prices starting to decline, ABF is gearing up for full
production (i.e. 5 million gallons per year) by early 2005. At 5
million gallons per year, ABF maximizes its potential share of the
Federal Government's USDA $150 million per year bioenergy incentive
program.
ABF, a three-year member of the National Biodiesel Board, has been
registered and eligible for up to $7.5 million of USDA production
incentives per year since 2001. Now with the federal production
payments at their highest (e.g. from $1.50 to $2.00 per produced
gallon) and with a strong and expanding market, ABF feels the time is
right to fully exercise its federal credits (see press release dated
March 26, 2004).
ABF's plan is to achieve 35 million gallons per year by 2007. As
the 5 million gallon production volume is reached and as ABF's
customer base continues to expand, plans for the second phase of
expansion for the Bakersfield Plant from 5 million to 10 million
gallons per year will be activated. This 10 million gallon production
volume will move ABF closer to its planned build out volume of the
Bakersfield Plant of 35 million gallons per year.
For a web streaming video of Bakersfield's CBS 29 Eyewitness News'
news clip on the Bakersfield Biodiesel Plant aired on July 26, 2004,
go to http://kbak.bakersfield.com/local and click on the story "Kern
County On Cutting Edge Of New Fuel Technology" to get the news clip
transcript and the link for the streaming video.
Green Star Products, Inc. is an environmentally friendly company
dedicated to creating innovative cost-effective products to improve
the quality of life and clean up the environment. GSPI is involved in
the production of renewable clean-burning biodiesel and other products
including lubricants, additives and devices that reduce emissions and
improve fuel economy in vehicles, machinery and power plants. For more
information, see GSPI's Web site at http://www.GreenStarUSA.com or
contact Investor Relations at 619-864-4010, fax 619-789-4743 or email
info@GreenStarUSA.com. Information about trading prices and volume can
be obtained at several Internet sites including http://www.bloomberg.com and http://www.bigcharts.com under the ticker
symbol "GSPI."

Forward-looking statements in the release are made pursuant to the
"safe harbor" provisions of the Private Securities Litigation Reform
Act of 1995. Investors are cautioned that such forward-looking
statements involve risks and uncertainties, including without
limitation, continued acceptance of the Company's products, increased
levels of competition for the Company, new products and technological
changes, the Company's dependence on third-party suppliers, and other
risks detailed from time to time in the Company's periodic filings
with the Securities and Exchange Commission.

KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: ENVIRONMENT GOVERNMENT UTILITIES ENERGY OIL/GAS
SOURCE: Green Star Products Inc.

CONTACT INFORMATION:
Green Star Products, Inc.
Joseph LaStella, 619-864-4010
Fax: 619-789-4743
info@GreenStarUSA.com
http://stockcharts.com/def/servlet/SC.web?c=GSPI,uu[m,a]daclyyay[pb50!b20][vc60][iUb14!La12,26,9]&pref=G
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