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News for 'GSPI' - (Green Star Receives Largest Order for TVT 24-7 Products)
SAN DIEGO, Apr 24, 2008 (BUSINESS WIRE) -- Green Star Products, Inc. (OTC:GSPI) announced today that it has received an order for 15 container loads (40-foot ocean shipping containers) of its advanced lubricant products.
The order will be shipped to Asia and is comprised of three different product items.
The order was received from NRG Resources, Inc., who is a joint manufacturer with Green Star and has the exclusive worldwide distribution rights for the TVT line of products. Green Star receives 25% net profits on sales and owns 1,375,000 shares of NRG stock (approximately 2% of NRG stock).
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 and its Consortium are involved in the production of green sustainable goods including renewable resources like algae biodiesel and clean-burning biofuels, cellulosic ethanol and other products, as well as 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.
SOURCE: Green Star Products, Inc.
CONTACT: Green Star Products, Inc.Joseph LaStella, President619-864-4010Fax: 619-789-4743info@GreenStarUSA.com
Copyright Business Wire 2008
-0-
KEYWORD: United States
North America
California
INDUSTRY KEYWORD: Energy
Alternative Energy
Oil/Gas
Other Energy
Natural Resources
Other Natural Resources
Environment
SUBJECT CODE: Product/Service
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