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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Green Energy Resources Inc (CE) | USOTC:GRGR | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00001 | 0.00 | 01:00:00 |
In other news, Green Energy Resources received its first trial order shipment for India. The order is valued at $900,000 and is scheduled for the 2nd quarter of 2010. Green Energy Resources received a Letter of Intent from an Indian power company to supply 7.2 million tons of woodchips valued at over $576 million dollars over a 12 month period last September. The order poses daunting challenges for Green Energy Resources to grow and expand to meet the supply that would require approximately 15 shipments monthly or a shipment of about 40,000 tons every other day. The other major obstacle is to find and locate enough ships at a locked in rate to handle the capacity. However, shipping issue has been resolved, as India will supply the ships. Larger volumes should commence later this year with the completion of power plants retro fitting for co-firing.
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, ship availability, fuel costs and other risks.
CONTACT: Green Energy ResourcesJoseph Murray
631-375-7921
joe.murray@greenenergyresources.com
www.greenenergyresources.com
Worldwide Financial Marketing, Inc. USA
Investor Relations
1-866-360-9998
International: 1-954-360-9998
Info@wwfinancial.com
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