GSPI Sets up Biodiesel Processing Showcase Facility
SAN DIEGO--(BUSINESS WIRE)--February 05, 2007 Green Star Products, Inc. (OTC:GSPI) announced today that it has set up a showcase facility to display its biodiesel processing reactor technology and biodiesel facility design in Chula Vista, California.
GSPI set up the showcase facility because it has been approached by over one hundred companies worldwide in the past four months who have expressed the desire to purchase its proprietary reactors and entire biodiesel plants (see GSPI's May 23, 2006 press release titled "Green Star Products Unveils Advanced Biodiesel Reactor").
GSPI does not offer its plants or reactors for sale. GSPI only enters into joint venture arrangements with customers who become GSPI's operating partners in each facility.
Due to the proprietary design nature of the technology, the unique reactors and control modules will only be showcased to the media and qualified joint venture partners who have signed non-disclosure agreements.
Arrangements have been made for customers from around the world to visit the showcase.
The showcase facility was partially funded by GSPI's Asian joint venture partners who have also purchased three GSPI reactors, which are currently being fabricated at GSPI's Glenns Ferry Idaho Facility. GSPI reactors utilize technology that process agricultural oils into biodiesel ten times faster than known conventional processes and have proven themselves in commercial biodiesel operations for over two years. Each reactor can process 10-million gallons of biodiesel per year.
GSPI also entered into a franchise agreement with De Beers Fuel Limited of South Africa to build 90 reactor units over the next 18 months. The first unit was shipped at the end of 2006 (see GSPI's November 13, 2006 press release titled "Green Star Products Signs Contract to Build 90 Biodiesel Reactors").
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 renewable clean-burning biodiesel and other products, including 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.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.
CONTACT:
Green Star Products, Inc.
Joseph LaStella, President
619-864-4010
619-789-4743 fax
info@GreenStarUSA.com
Last Updated: February 5, 2007 09:30 EST
