Green Energy Resources GRGR announced it has received a trial order for approximately 50,000 tons from a United Kingdom utility. The shipment of woodchips is set for November 1, 2006. The order value is in excess of $2.5 million dollars. The trial shipment is intended as a precursor to a long-term contract. The buyer, (name with held for competitive reasons), is seeking to receive approximately 500,000 tons annually (10 shipments per year) for 5 years. Green Energy Resources plans to make the initial shipment from Houston, Texas.
Mr. Joseph Murray, CEO of Green Energy Resources, said "the industry has moved from the policy stage to the implementation stage. In the past, power company's were looking for contracts beginning in 2007 and beyond. This was the first time buyers had immediate demands. A seashift towards renewables is underway, and the flood gates are now open". Green Energy Resources attributes the order to the extensive contacts made at last months Europe 2006 Biomass Conference in London. The company is currently engaged in multiple supply contracts throughout Europe.
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.
Contacts:
Green Energy Resources
Joseph Murray
(631) 375-7921
Email Contact
www.greenenergyresources.com
Worldwide Financial Marketing, Inc. USA
Investor Relations
Int'l: 1 (954) 360-9998
Nat'l: 1-866-360-9998
Email Contact
www.wwfinancial.com
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