GSPI Sets up Biodiesel Processing Showcase Facility.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 ) 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 “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. . 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 South Africa, Afrikaans Suid-Afrika, officially Republic of South Africa, republic (2005 est. pop. 44,344,000), 471,442 sq mi (1,221,037 sq km), S 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 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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