posted
Author Topic: GSPI - Signs Contract to Build 90 Biodiesel Reactors kt325ci Member
Member Rated: posted 13 November, 2006 09:55 -------------------------------------------------------------------------------- Green Star Products Signs Contract to Build 90 Biodiesel Reactors Nov 13, 2006 9:30:00 AM Copyright Business Wire 2006 SAN DIEGO--(BUSINESS WIRE)--
Green Star Products, Inc. (OTC: GSPI) today announced that it has signed an agreement with De Beers Fuel Limited of South Africa to build 90 biodiesel reactors.
Each of the biodiesel reactors will be capable of producing 10 million gallons of biodiesel each year for a total production capacity of 900,000,000 gallons per year when operating at full capacity, which is 4 times greater than the entire U.S. output in 2006.
The 2-ton reactors will be built by GSPI at their Glenns Ferry Facility in Idaho and delivered over the next 18 months. The first reactor was shipped November 8, 2006 by airfreight to South Africa.
Mr. Joseph LaStella, President of GSPI, stated, "Mr. Frik de Beer, President of De Beers Fuel Limited, an industry visionary has successfully assembled an impressive array of Global Warming Reduction Technologies from all over the world, which brings South Africa closer to a totally sustainable society."
Mr. de Beer's business model also includes a franchising strategy, developed by associate Hendy Schoonbee for independent operators to participate in his plan and has already received financial commitments to build 90 biodiesel plants each at 10-million-gallons-per-year capacity. This said franchising strategy is a first in the world.
Mr. LaStella further stated, "The De Beers biodiesel plant, located in Naboomspruit, approximately 2 1/2 hours from Johannesburg, is currently in operation and will include some very unique features with modifications to upgrade technology. These are:
-- 1) GSPI reactors, which process raw materials into biodiesel in minutes (versus one to two hours for the rest of the industry), will transform the De Beers plant into a State-of-the-Art Continuous Flow Process to increase efficiency and reduce operating costs.
-- 2) The marriage of the two biodiesel production technologies will allow plants to be constructed at a fraction of the present industry costs and can be built in record time." Mr. LaStella further stated, "GSPI has declined many offers to sell its reactors and biodiesel plant technology over these past 10 months waiting for the right Joint Venture opportunity."
The De Beers opportunity offers GSPI many advantages such as:
-- 1) Immediate expansion on a grand scale - 90 reactors in 18 months.
-- 2) Intellectual property security of GSPI reactors through franchise licensing.
-- 3) Royalty stream payments to GSPI for each reactor.
-- 4) Further expansion beyond 18 months.
-- 5) R & D opportunities for both companies. Presently, the De Beers plant is now operating at 10,000,000 gallons per year on sunflower seed oil as feedstock and has contracted for additional feedstock for additional plants. However, the final answer for biodiesel feedstock will not be oil crops - it will be algae. For example, soybean produces only 48 gallons of oil per acre per year, canola produces 140 gallons per acre and algae can produce well over 10,000 gallons per acre. This figure has been verified in actual algae field production tests by the US Department of Energy in an 18-year Algae Study Program from 1978 - 1996. This makes algae the only worldwide feedstock capable of replacing crude oil. Making use of algae also means not competing with crops for food sources that would otherwise lead to an increase in food prices.
Mr. de Beer has made great strides to acquire the latest Algae Production Technology. In recent weeks there have been many media articles about the success of the algae bioreactor operating at MIT (see http://web.mit.edu/erc/spotlights/alg-all.html) utilizing the MIT CO2 exhaust boiler emissions as feed for the algae.
Algae consumes CO2, a major Global Warming Gas. After consumption of the CO2, the algae produces oil (for biodiesel manufacturing) and oxygen. Therefore, the process of using algae creates renewable, sustainable biofuel and reduces global warming gases to better the environment.
Mr. de Beer has entered into an agreement with Greenfuel Technologies Corporation, (see www.greenfuelonline.com) and has purchased and removed the MIT bioreactor from Cambridge, Massachusetts, and transported it to South Africa. It has been reassembled on the biodiesel plant site in Naboomspruit, South Africa, and is now awaiting the arrival of the algae to be inoculated to start production. At the Naboomspruit site construction will soon be underway at the rail spur for a crushing plant to process oil from the planting of sunflowers throughout the region. Mr. de Beer also supports, along with the development of the algae growth technology, the local farming industry that will benefit with the planting of thousands of acres of sunflowers and other feedstocks for oils to be processed into biodiesel fuel.
Most of the 90 franchised biodiesel plants are located close to electric power plants as well as other CO2 emitters, to utilize their stack emissions (CO2) to feed the algae farms when they switch over feedstock from oil seed crops to algae.
The franchising plan reduces the initial cost of the biodiesel plant significantly for participants. Franchises will only be paying in the range of 10 cents per installed gallon (depending on location and logistics), while the rest of the industry is paying $0.70 to $1.50 per installed gallon - based on National Biodiesel Board's Chief Engineer, Steve Howell's survey report published in Render Magazine - February 2005 issue (see www.rendermagazine.com for complete article).
South Africa has huge potential to sell "carbon credits" to European Industries under the European Union (EU) international carbon dioxide emissions trading and market mechanism of the Kyoto Protocol. This protocol comes into force February 16, 2005 and aims to reduce the emission of greenhouse gases linked to global warming according to the source (Reuters). As a developing country, South Africa's companies and industries have no set Kyoto targets for emission reductions. Under the Clean Development Mechanism (CDM), as long as South Africa can demonstrate they have reduced their own emissions under an approved and verified project, they can sell carbon credits to European companies that exceed their caps through the World Bank.
The De Beers Ltd. franchised plants will be eligible for considerable carbon credits under this CDM program as they come online.
GSPI is proud to be part of this De Beers Fuel Limited Team in South Africa and has already set up operations at its 90,000 sq. ft. Idaho Facility to fabricate as many as 150 reactors per year to accommodate anticipated expansion of De Beers plant facilities into other countries, which have already shown a great interest in the franchising business strategy.
For more information on De Beers Fuel Ltd, visit their website at www.infinitibiodiesel.com or e-mail info*infinitibiodiesel.com.
Green Star Products, Inc. (OTC: GSPI) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products 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 Green Star Products' Web site at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, or 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.
Source: Green Star Products, Inc.
---------------------------------------------- Green Star Products Inc. Chula Vista Calif. Joseph LaStella President 619-864-4010 fax: 619-789-4743 info*GreenStarUSA.com -------------------------------------------------------------------------------- Posts: 1916 | From: Jax,FL,USA | Registered: Nov 2003 | IP: Logged |
kt325ci Member
Member Rated: posted 13 November, 2006 11:07 -------------------------------------------------------------------------------- Here is the current share structure A/S ... 400m O/S ... 340m Float ... 150m -------------------------------------------------------------------------------- Posts: 1916 | From: Jax,FL,USA | Registered: Nov 2003 | IP: Logged |
knowmoney Member
Member Rated: posted 20 November, 2006 10:49 -------------------------------------------------------------------------------- Author Topic: GSPI NEWS signs $140-million CONTRACT!(.105) tompom Member
Member Rated: posted 20 November, 2006 10:44 -------------------------------------------------------------------------------- Green Star Products JV Partner NRG Resources Signs $140-Million Contract at APEC Summit Nov 20, 2006 10:30:00 AM Copyright Business Wire 2006
SAN DIEGO--(BUSINESS WIRE)--
Green Star Products, Inc. (OTC:GSPI) announced today that the New York Times and the Washington Post have both published an article covering the APEC Summit stating, "Vietnam's Truong Thinh Co. said it had sealed a US$140-million contract with California-based NRG Resources Inc."
NRG Resources is the exclusive marketing and distribution partner of GSPI for TVT 24/7 Advanced Lubrication product line.
The Asian-Pacific Economic Cooperation (APEC) Summit was attended by presidents from 12 countries including President George W. Bush and Pres. Vladimir Putin, Russia's President.
The New York Times and Washington Post articles further stated, "Top business leaders attending a Pacific Rim economic conference on Friday praised communist Vietnam for its stunning progress in reforming its economy a day after U.S. companies struck a flurry of investment deals worth more than $1.6 billion."
NRG Resources is one of only five U.S. companies covered in the articles.
Of the US$140-million agreement signed by NRG Resources, US$125-million will be for the purchase of TVT 24/7 products over the next five years.
GSPI manufactures the TVT 24/7 product line exclusively for NRG Resources and receives 25% of net profits from sales.
NRG brings an extensive International Marketing Team to expand TVT 24/7 sales worldwide.
The TVT 24/7 product line includes engine oil additives, machine cutting oil including computer operated CNC machines, which use water-soluble cutting oils. Extensive industrial field trials have proven the TVT 24/7 product reduces machine and engine wear, engine friction, increases production, reduces energy consumption and significantly reduces Global Warming effects by lowering CO2 emissions from all applications.
GSPI and NRG Resources are also Consortium partners in the renewable fuels market, which includes the production of biodiesel and cellulosic ethanol (see GSPI press release dated June 28, 2006 "GSPI Consortium Plans 500-Million Gallons Biofuels Production").
Green Star Products, Inc. (OTC:GSPI) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products 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 Green Star Products' Web site at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, or 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.
Source: Green Star Products, Inc.
----------------------------------------------
Green Star Products Inc. Chula Vista Calif. Joseph LaStella President 619-864-4010 619-789-4743 (fax) info*GreenStarUSA.com or NRG Resources Inc. 714-689-9100 714-689-9111 (fax) www.nrglc.com -------------------------------------------------------------------------------- Posts: 681 | Registered: May 2006 | IP: Logged |
jos_tul Member
Member Rated: posted 20 November, 2006 10:46 -------------------------------------------------------------------------------- Whats the O/S and Float on this please ?
-------------------- To reach hill top start from the top
-------------------- The person who writes for fools is always sure of a large audience. -- Arthur Schopenhauer
-------------------------------------------------------------------------------- Posts: 160 | From: Virginia Beach , Va | Registered: Oct 2006 | IP: Logged |
RichBy26 Member
Member Rated: posted 20 November, 2006 10:55 -------------------------------------------------------------------------------- looks promising, in at .11
-------------------- Success is going from failure to failure without loss of enthusiasm...
Member Rated: posted 20 November, 2006 10:59 -------------------------------------------------------------------------------- Got this from ihub
Posted by: bonedaddy77 In reply to: None Date:11/13/2006 10:57:26 AM Post #of 56
GSPI, I just spoke with IR.
I called him and his mailbox was full so I couldn't leave a message. 5 minutes later I get a call back. Very nice!
Share structure sounds good 340 issued and outstanding about half in the float. about 10,000 shareholders 70% of shares are being held strong by big holders
They've been turning down a lot of companies waiting for the right deal which was announced today. Even turned down Tyson Foods.
They get revenue from building the reactors and also a steady stream once up and running.
He said the company is fully funded with no need for outside financing.
Looks good! I'm in at 098. 10x105 4x2 -------------------------------------------------------------------------------- Posts: 411 | From: Chicago | Registered: Oct 2005 | IP: Logged |
-------------------- " A man's got to know his limitations." Clint Eastwood in Magnum Force
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Green Star Products' President To Be Featured Live On SubPennyRadio.com Wednesday December 13, 12:00 pm ET
SAN DIEGO--(BUSINESS WIRE)--Green Star Products, Inc. (OTC:GSPI - News) announced today that GSPI's President, Joseph LaStella, will be interviewed live on SubPennyRadio.com, Thursday, December 14, 2006 at 8 p.m. Eastern Time.
During the interview, Mr. LaStella will discuss in detail the progress on the De Beers Biodiesel Project in South Africa, as well as answer questions about management's review of operations. Mr. LaStella will also discuss another of his projects and the newest frontier in alternative energy, Biodiesel from Algae, along with the opportunity to acquire valuable carbon credits through the World Bank for reduction of Global Warming Gases.
SubPennyRadio: Interested parties may actively participate in the LIVE interview by calling the studio line, 202-580-8525. This broadcast is available to anyone from any computer connected to the Internet. The interview will also be looped as part of the archive throughout the following day, December 15th. Beginning Monday, December 18th, the interview will be accessible as a podcast from either http://www.subpennyradio.com/interviews/ or http://www.greenstarusa.com/.
Shareholders and interested parties are invited to submit their questions prior to the interview, to Simon at: interviews*subpennyradio.com. Simon will then select the questions to be asked of Mr. LaStella.
About SubPennyRadio
SubPennyRadio is a commercial-free, interactive broadcast offering listeners exclusive interviews with subject-matter experts, insight into enterprising companies and detailed technical analysis. The show scans the trading field, covering well-known companies to undiscovered market gems trading on the U.S. stock exchanges and OTC/OTCBB.
SubPennyRadio encourages "better investing" by highlighting common characteristics of stocks on the verge of a breakout in their particular industries. Emphasis is on due diligence that includes reviewing charts, SEC filings and news events. For additional information, visit http://www.subpennyradio.com.
About Green Star Products
Green Star Products, Inc. (OTC:GSPI - News) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products and its Consortium are 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 Green Star Products' Web site at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, or 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.
Contact: Green Star Products, Inc., Chula Vista, Calif. Joseph LaStella, President, 619-864-4010 Fax: 619-789-4743 info*GreenStarUSA.com
-------------------------------------------------------------------------------- Source: Green Star Products, Inc.
-------------------- " A man's got to know his limitations." Clint Eastwood in Magnum Force
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GSPI: no employees, large OS shares, no profit, loss every year, wont give 2nd board member name, plant burned down, % profit on South African sales not known, has a secret formula that is so secret he wont patent it, growing algae is key but none grown yet, no financials available.
posted
.069 finish. This has a very easy trend. almost seems to go with the gas prices. gas prices start to drop so does this imo. when the go back up so does this again. good for a few penny's for the patient swing imo.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
IP: Logged |
GSPI to File Full Disclosure under New Pink Sheets Rules Wednesday May 9, 9:30 am ET
SAN DIEGO--(BUSINESS WIRE)--Green Star Products, Inc. (OTC: GSPI & GSPI.PK), a producer of renewable clean-burning biodiesel and other products, announced today that it intends to fully meet the new disclosure rules for Pink Sheets Companies. ADVERTISEMENT
GSPI has retained Paul Goodman, Esq. of Cyruli Shanks & Zizmor, LLP, a New York SEC law firm, to provide legal services related to meeting Pink Sheets Adequate Disclosure Guidelines. The Company's goal is to meet and maintain the requirements to receive a "Current Information" classification under Pink Sheets' new Disclosure Categorization system.
Commencing in May 2007, all Pink Sheets listed companies will receive a proposed classification from Pink Sheets based upon both the timing and quality of each company's public disclosure. Beginning August 1, 2007, all companies will be assigned a final category and a corresponding icon, which will be displayed next to the company's symbol everywhere it appears on pinksheets.com
In order to maintain the preferable "Current Information" classification, companies will be required to (a) timely post annual and quarterly financials, (b) timely post quarterly updates of a company's disclosure document, and (c) issue press releases for all material corporate events. Presently, very few Pink Sheets companies are currently meeting this standard. In addition, corporate counsel will need to issue an attorney's letter attesting to the completeness of the public disclosure. For further details of new pink sheets classifications see Pink Sheets, L.L.C., April 24, 2007, press release at http://www.pinksheets.com/about/pr_042407.jsp
GSPI has made all arrangements necessary to receive the most favorable category possible under the new Pink Sheets new Disclosure Categorization system.
Green Star Products, Inc. (OTC: GSPI & GSPI.PK) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products and its Consortium are 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 Green Star Products' Web site at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, or 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.pinksheets.com,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.
Contact: Green Star Products, Inc. Joseph LaStella, President, 619-864-4010 Fax: 619-789-4743 info*GreenStarUSA.com
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
IP: Logged |
posted
(.039) Green Star Completes Algae Phase I Demo Facility Friday May 11, 10:00 am ET
SAN DIEGO--(BUSINESS WIRE)--Green Star Products, Inc. (OTC:GSPI - News; OTC:GSPI.PK - News), announced today that it has completed Phase I of its 40,000 liter microalgae demonstration facility (see facility picture at GreenStarUSA.com).
GSPI demonstration facility is located in Montana and is one of the largest demonstration facilities in the world.
Phase I objective in this project is to determine the ability of the GSPI Algae Process System to solve the daunting operational problems for microalgae production, which have plagued the algae production industry for years.
Phase I now is complete and has been successful in controlling the most important variables in algae production, i.e. temperature of water in large systems, salinity (salt content), evaporation, pH (acidity-alkalinity) and most all initial costs of construction.
Mr. LaStella stated, "Experts agree that the major hurdles in production of algae are associated with the control of the mechanical and physical parameters of the growth environment for the algae and the high capital costs of construction of that environment."
Many suitable high-lipid (oil) algae species have been cultivated and already exits to produce the First Generation of sustainable energy farms. Present available algae species can produce 4,000 gallons of oil per acre each year, which is 50 times greater than the oil yield from oilseed crops such as soybean or canola crops. Recent news stories have publish the fact that the world is already experiencing significant increases in food prices because oil crops compete with food crops (Reuters May 8, 2007 - "United Nations tackles sustainable bioenergy growth").
Algae farms, on the other hand, do not compete with food crops. Algae may be the only long-term feedstock solution for biodiesel production.
A report by the U.S. Department of Energy (DOE) states the following conclusions in relation to algae farms:
The DOE analyses indicate, "that significant potential land, water and CO2 resources exist to support this technology. Algae Biodiesel could easily supply several 'quads' of biodiesel - substantially more than existing oilseed crops could provide. Quad is short for 'quadrillion BTUs', which is a unit of energy representing 10 to the 15th level (1,000,000,000,000,000) BTUs of energy, which is also equivalent to approximately one billion gallons of fuel. This perspective led DOE to focus on the concept of immense algae farms."
The DOE also states, "Microalgae systems use far less water than traditional oilseed crops. Land is hardly a limitation. Two hundred thousand hectares (less than 0.1% of climatically suitable land areas in the U.S.) could produce one quad of fuel. Thus, though the technology faces many R&D hurdles before it can be practicable, it is clear that resource limitations are not an argument against the technology."
Mr. LaStella explains, "The industry hurdles are mainly associated with costs of construction of algae farms and process systems that can economically control the growth environment of the algae. This is exactly the purpose of GSPI's Phase I demonstration algae facility."
Mr. LaStella further outlined the present state of the algae industry.
There are only two main types of algae production systems in use as follows:
A) Closed Photobioreactors
All attempts to use closed bioreactors for algae fuel crops have all failed. The failure of the closed bioreactors includes the $250 million dollar R&D program spent by Japan. Closed bioreactors are too costly, although they do have a place as a breeder facility (hatchery) for larger systems.
B) Open Pond Systems
The alternative system which is open ponds have had marginal success and are prone to multiple failures from many uncontrolled environmental conditions ranked in order: 1) Temperature and light variances - day and night, summer versus winter, etc.; 2) Infiltration from local algae into open ponds contaminating the cultured algae causing pond crashes; 3) Evaporation, wind blowing dust particles into ponds and rain causing changes in salinity and pH, which affect growth of algae.
The GSPI (licensed) algae system is a Hybrid Algae Production System (HAPS) that incorporates the controlled environment of the closed photobioreactors coupled with inexpensive construction technology to reduce the cost to a level very close to the open pond systems.
In summary, GSPI has developed the field expertise to build and operate the patent pending, proprietary Hybrid Algae Production System (HAPS), a cross between an open and closed pond system. The demonstration, prototype facility is located in Montana with an individual pond capacity of 40,000 liters, which can easily be scaled up to larger systems and acreage.
The GSPI enclosed HAPS have been designed to be constructed utilizing relatively inexpensive local materials anywhere in the world.
Three different pond construction methods (with the same overall design) were used to develop cost factors for time and capital expenditures to determine construction cost data.
The 40,000-liter pond with a four-man crew was assembled in less than 12 hours after the necessary construction materials were onsite. After the water flow commenced, tests for flow rates, mixing rates and pond day and night temperatures changes were charted.
During the test period, varied weather conditions occurred in Montana with temperatures varying from 34 degrees F to 82 degrees F, winds up to 30 mph, heavy rains, some snow, cloudy and sunny periods - all occurred during this time.
However, with the enclosed HAPS, several typical uncontrolled open-pond parameters were dramatically improved. For example, pond temperatures were 30 degrees F to 36 degrees F higher than the outside temperature on cold nights well above the optimum minimum growing temperature for algae of 64 degrees F.
The HAPS also offer additional inexpensive external temperature controls, if necessary, to cool ponds in the hot summer and heat ponds in winter conditions, during extended sunless days, to maintain maximum growth conditions.
Also, algae cannot tolerate direct sunlight and they tend to grow best receiving 25% to 50% of direct sunlight. GSPI's HAPS enclosed ponds have a partial light barrier with the enclosed material to promote optimum light conditions for algae photosynthesis.
Temperature and light control are the two most important parameters identified by industry reports and must be accomplished at an effective low cost. The next important parameter to be controlled is salinity. Open ponds continually evaporate large quantities of water and leave salt behind. Each time this cycle is completed additional salt water is added. Salt content continually increases and adversely affects the growth of the algae and must eventually be disposed of and exchanged with new water and algae. GSPI's HAPS ponds do not evaporate the water and can maintain optimum salinity levels for long periods of time.
In summary, GSPI has already addressed the main causes of failures of other systems and we are now ready to inoculate the first HAPS' pond with high-lipid (oil) producing algae.
See other recent GSPI press releases May 9, 2007 -- "GSPI To File Full Disclosure Under New Pink Sheets Rules"; March 15, 2007 -- "GSPI Consortium to Construct Algae-to-Biodiesel Facilities in Two Countries"; and March 7, 2007 -- "De Beers Fuel Limited Increases Orders for Green Star Biodiesel Reactors."
Green Star Products, Inc. (OTC:GSPI - News; OTC:GSPI.PK - News) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products and its Consortium are 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 Green Star Products' Web site at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, or 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.pinksheets.com,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.
Contact: Green Star Products, Inc. Joseph LaStella, President, 619-864-4010 Fax: 619-789-4743 info*GreenStarUSA.com
-------------------------------------------------------------------------------- Source: Green Star Products, Inc.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
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posted
Businessnetwire.us: Investor News: Stocks To Watch Friday 05/11/2007 1:17 PM ET - M2 HEALTHeUNIVERSE Inc. (OTC: HLUN); HealthSonix, Inc. (PINKSHEETS: HSXI); Green Star Products, Inc. (OTC: GSPI); Regions Oil & Gas, Inc. (Pink Sheets: RGNO)
BusinessNetWire is an affiliate of Stock Profiler.US. To receive your FREE subscription to our newsletter, please visit: http://www.stockprofiler.us.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?
IP: Logged |
Green Star Products CEO Updates the Investment Community in All-New WallSt.Net Interview Tuesday May 15, 10:35 am ET
NEW YORK, May 15 /PRNewswire/ -- On May 11, Joseph LaStella, President of Green Star Products, Inc. (Pink Sheets: GSPI - News) updated the investment community in an all-new interview with www.wallst.net. Interview highlights included detailed discussions on the company and its target markets, market opportunities, recent press releases, and upcoming milestones for investors to watch for. ADVERTISEMENT
To access the interview, visit http://www.wallst.net and click on "Interviews." The interview can be accessed either by locating the company's ticker symbol under the appropriate exchange on the left-hand column of the "Interviews" page, or by entering the company's ticker symbol in the Search Archive window on the "Interviews" page.
About Green Star Products, Inc.
Green Star Products, Inc. (OTC: GSPI - News; OTC: GSPI.PK - News) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products and its Consortium are 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 Green Star Products' Web site at http://www.GreenStarUSA.com, or call Investor Relations at 619-864-4010, or 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.pinksheets.com,http://www.bloomberg.com and http://www.bigcharts.com under the ticker symbol "GSPI".
About WallSt.net:
www.wallst.net is owned and operated by WallStreet Direct, Inc., a wholly owned subsidiary of Financial Media Group, Inc. The website is a leading provider of financial news, media, tools and community-driven applications for investors. www.wallst.net offers visitors free membership to its in-depth executive interviews, exclusive editorial content, breaking news, and several proprietary applications. In addition to its website, WallStreet Direct organizes investor conferences, publishes a newspaper, and provides multimedia advertising solutions to small and mid-sized publicly traded companies. We are expecting to receive two hundred eighty dollars from Green Star Products, Inc. for the dissemination of this press release. For a complete list of our advertisers, and advertising relationships, visit http://www.wallst.net/disclaimer/disclaimer.asp
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