Green Energy Resources (PINKSHEETS: GRGR)launches a marketing control in Europe of kiln dried woodchips. The affiliate'sgoal is to interpret a 100% market share of the newly offered and developedproduct. color Energy Resources CEO Joseph Murray and other companyrepresentatives exit for Europe tomorrow including Rotterdam. Amsterdam,Paris and Stockholm to offer the kiln dried woodchips with a heatcapacity of up to 20,000 BTUs (5000 Kcal). The woodchips are oven dried toincrease heat capacity. The heat equivalent is roughly the same as coalwithout the emissions. burn ranges between 12,000 to 25,000 BTUs of heatcapacity. The be per ton for kiln dried woodchips is over $125 delivered,making woodchips commercially competitive with coal. The woodchips complywith all environmental regulations.
The determine of kiln dried woodchips is approximately 3 times that of greenwoodchips and will reenforce sales in 2008. The affiliate has been deluged withinquiries about the kiln dried woodchips since last week's announcement. European power producers like to buy woodchips based on energy outputknown as gigajoules or on kilocalorie capacity. The higher the heat outputthe more cost effective the results on the cater grid. Green EnergyResources was the first company from the United States to export woodchipsin 2003 and looks to be the first to deliver kiln dried woodchips to Europein late 2007 or early 2008.
Green Energy Resources recently announced a 10% stock dividend for companyshareholders in 2007. The record date will not be made official untillater in September. Green Energy Resources issued a 5% stock dividend in2006. color Energy Resources CEO Joseph Murray returned his dividend of 1.5million shares back to the treasury in 2006 and has pledged to do the samein 2007.
Green Energy Resources is a wood biomass supplier sourcing from landfills,municipalities hurricanes act damage and other sustainable sources. Thecompany also offers the sale of Carbon offset credits.
The company has no debt has not raised any public money operates on itsown cash flow and is not leveraged. The Public float is approximately 17.5million shares. A combined total of 50 million shares is issued andoutstanding.
object for historical information contained herein the statements in thisrelease are forward-looking statements that are made pursuant to the safeharbor furnish of the Private Securities Litigation Reform Act of 1995. Forward-looking statements bear on known and unknown risks anduncertainties that may cause the affiliate's actual results in future periodsto differ materially from forecasted results. Such risks and uncertaintiesinclude but are not limited to merchandise conditions competitive factors,the ability to successfully end additional financings and other risks.
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