News Release out. This is the second well written PR in a row, without any flashy language, or pumping of the stock. I think this is a much better way to inform us about the developments at GRCO:
Greenbelt Resources Corporation (GRCO.PK) Now Debt Free
EAGLE GROVE, Iowa, Aug 27, 2007 (BUSINESS WIRE) --
Greenbelt Resources Corporation's (Pink Sheets:GRCO) CEO Robert Johnson is pleased to report the company is now debt-free, including its real estate holdings. Company financials will soon be available for review by its shareholders.
CEO Johnson is also pleased to report that Greenbelt's subsidiary, Diversified Ethanol Corporation, which designs and builds ethanol plants of various sizes scaled to the needs of end users, has recently received fees, & services are being delivered for additional Feasibility Studies on behalf of prospective customers of its plants. Upon completion of the Feasibility Studies, the company expects to receive the customers purchase order & down payment.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks & uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history & history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
SOURCE: Greenbelt Resources Corporation
Greenbelt Resources Corporation
Robert Johnson, 515-603-6633
Copyright Business Wire 2007
