Viaspace Inc (fka VSPC)

[tommy 9 fingers]

So Again Chang knowing about all these deals just gave away the company to Kevin. even knowing how interested Kevin was in the company, did chang know about the deal Kevin says the Were talking to Agricorp in June 2011 before Kevin even showed up on the seen. Yet Somehow Chang let his $5 mil go with this huge potential deal just sitting out there...LOL

Question 9: On February 20, you announced that VIASPACE has a contract with Agricorp and is growing Giant King Grass in Nicaragua. What is different about this relationship and why should investors take notice?

Answer: VIASPACE has been working on its business relationship with Agricorp under a confidentiality agreement since July of 2011. Agricorp is a subsidiary of Grain Hill which is a diversified agro-industrial business group with revenues of $300 million per year with operations in Nicaragua, Costa Rica and El Salvador. For example, Grain Hill/Agricorp is the largest rice company in Nicaragua with 65% of the market share there. Agricorp is the "real deal" with regards to their financial strength, their regional outreach, their motivation to generate their own bioelectricity and their demonstrated agricultural expertise. Giant King Grass seedlings were shipped from our California nursery and planted on part of a 10,000 acre Agricorp farm near Lake Nicaragua. An Agricorp rice mill is co-located on that farm which would also be the site of a co-located biomass electric power plant. Giant King Grass will be the primary fuel for the power plant and supplemented by rice husks as the rice is routinely harvested. In parallel with the Giant King Grass biomass plantation, VIASPACE and Agricorp will also partner together in the power plant development. This is the perfect business relationship that we have been seeking in that we are not only providing the high-yielding biomass fuel but we are also sharing in the power plant development and its continuous revenue stream. The Agricorp team understands agriculture and we are excited to grow Giant King Grass with them because we believe that they will rapidly discover and experience the economic benefits of GKG as world's highest yielding biomass platform and the revenues that can be generated. Investors should recognize that we have a financially strong and able partner in Agricorp and our relationship with them has been revealed at a time when we are both ready to move forward with our plans to establish a premier Central America biomass power plant and then continue to grow our business with them from there.