De Beers Fuel Limited Increases Orders for Green Star Biodiesel Reactors.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- Green Star Products, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :GSPI GSPI Gail Seymour Productions ) today announced that De Beers Fuel Limited (DBFL DBFL Design Basis Flooding Level ) of South Africa increased their orders for Green Star Reactors (see press release dated Nov. 13, 2006) to include GSPI Process Control Modules (PCM (1) See phase change memory. (2) (Plug Compatible Manufacturer) An organization that makes a computer or electronic device that is compatible with an existing machine. ). The value of the contract orders totals $10.8-million. The delivery schedule of the Reactor and PCM's will be over the next 18-months. GSPI and DBFL signed a contract in November 2006 to build 90-Reactors for South African franchisees. The first Reactor was built and air freighted to South Africa in November 2006. De Beers engineered the GSPI Reactor into their existing biodiesel plant in December 2006. After installation, DBFL began a series of process test runs in early 2007. Mr. Frik de Beer, President of DBFL, who visited the U.S. last week stated, "The GSPI Reactor has operated wonderfully and exceeds its design production capacity of 10-million gallons per year." During his visit, Mr. de Beer and guest toured the GSPI Showcase Facility (see press release dated Feb. 5, 2007) located in Chula Vista, California “Chula Vista” redirects here. For the area in Florida, see Chula Vista, Florida. Chula Vista is a city in southern San Diego County, California, United States. , which also included GSPI's Process Control Module (PCM) (see pictures on GSPI's Website: www.GreenStarUSA.com). Based on Mr. de Beer's tour and explanation of the qualities of the "Combo" Reactor/PCM by President Joseph P. LaStella, P.E., he expanded the existing reactor order to include 90-PCM Combo Units, which increases the value of the contract to $10.8-million. In addition, each Combo Unit will generate a monthly royalty to GSPI for the life of the Unit, estimated at 10-years. GSPI does not directly sell any of its proprietary technology, biodiesel processing plants or equipment technology. This is to ensure the security of its trade secrets and intellectual properties. DBFL's franchise business strategy further ensures the protection of GSPI's intellectual property. In order to save shipping costs to South Africa, GSPI designed their Reactors and PCM Units to be stacked one upon the other so that four complete Reactor-PCM Units can be shipped in one 40-foot container. The next four Reactor-PCM Combo Units are presently being fabricated at GSPI's Glenns Ferry facility in Idaho. 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 Investor relations The process by which the corporation communicates with its investors. 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 Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "GSPI". Forward-looking statements in the release are made pursuant to the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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. |
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