Mesquite for Heat; Green Energy Resources Receives LOI for 1 Year 350,000 Ton, $32 Million Deal

Green Energy Resources ( Pink Sheets:GRGR ) received an  LOI to deliver mesquite woodchips from Texas to Italy. The Italian port of Crotone is very familiar to Green Energy Resources as it was the port of  first delivery's in 2003 and 2004. The order is scheduled  to commence late summer 2010. Green Energy Resources  has added 3 procurement positions in Texas, including re-locating personnel from Massachuetts to south Texas to handle the growing demand for mesquite woodchips. The LOI is a 12 month, 30,000 ton per month order. Green Energy Resources has recently re-located its principal operations to San Antonio, Texas from New York.

 

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 Resources

          Joseph Murray
          212 730 1496
          [e-mail]
          www.greenenergyresources.com