SAN DIEGO--(BUSINESS WIRE)--March 15, 2007--Green Star Products, Inc. announced today that its Consortium of independent companies will begin construction of two demonstration "algae-to-biodiesel" production facilities in the U.S. and abroad.
The GSPI Consortium (see press release dated June 28, 2006) has collectively many years of experience in the algae development arena.
The Consortium has developed a patent pending proprietary algae processing system and it also has assembled a seven-member research team, which has been in operation at the University of Baja California in Ensenada, Mexico.
Joseph LaStella, President of GSPI, stated, "Algae has been the least studied feedstock source to produce biodiesel, yet holds the greatest solution simultaneously for energy development and global warming mitigation."
Algae eats CO2, which is the biggest Global Warming Gas, and can produce up to 60 times more oil per acre than traditionally used agricultural oil crops (soybeans, corn, canola, jatropha, etc.).
Mr. LaStella further quotes from a U.S. Department of Energy report, "In a World of ever more limited natural resources, algae technology offers the opportunity to utilize land and water resources that are today unsuited for any other land use needs. For example, microalgae complements rather than competes with other biomass based fuel technologies." The report goes on to say that microalgae is one of the most efficient CO2/O2 exchangers on the planet and one of the most variable ecological groups of organisms and at the same time they are one of the least studied.
In-Flight Media has produced an impressive current-event documentary type two-minute video clip for GSPI. The video illustrates a solution to both solving the fuel crisis and global warming crisis simultaneously. Over 5-million people will view this video on Continental Airline flights during the months of April and May. A preview of this video is presently available for viewing at 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 www.bloomberg.com and 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.
Copyright Business Wire 2007