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Green Energy Resources Seeks Woodchips Listing on New York and Chicago Boards of Trade to Capture Alternative Fuel Market.


NEW YORK -- Green Energy Resources (PINK SHEETS:GRGR GRGR Girls Rock Girls Rule (music tour) ) seeks inclusion of woodchips on the new UBS UBS Union Bank of Switzerland
UBS United Bible Societies
UBS United Blood Services
UBS United Buying Service
UBS Used Bookstore
UBS University Business Services
UBS Universal Building Society (UK)
UBS Ulaanbaatar Broadcasting System
 Biofuels Index. UBS, an international bank, and Diapson Commodities of Switzerland, launched a commodity based biofuels index last week. The new global index comes in response to rapidly increasing demand for the two major forms of alternative fuel, biodeisel and ethanol. According to Diapson Commodities, "supply can not meet demand". The index currently does not include woodchips as a component commodity. Its omission is of particular note, since it was touted by President Bush's in his State of the Union Address “State of the Union” redirects here. For other uses, see State of the Union (disambiguation).
The State of the Union is an annual address in which the President of the United States reports on the status of the country, normally to a joint session of Congress (the
. The new commodity based index is listed on Chicago and the New York Boards of Trade, among others. Green Energy Resources desires inclusion of woodchips in the index, to attract focus to its European and American strategies to capture 20% of the woodchip Woodchip may refer to: -
  • The product of Woodchipping
Other uses of this term include: -
  • Ingrain wallpaper
 market by 2011. Green Energy Resources has already provided a letter of intent to supply an ethanol plant in Maryland beginning in 2008.

In other company news, Green Energy Resources departs for London this week to sponsor and speak at the European Biofuels Conference on March 17th. Green Energy Resources will recommend woodchips for inclusion in the commodities indexes among other topics. GER GER German/Germany
GER Gastroesophageal Reflux
GER Geriatrics
GER General Education Requirement
GER Great Eastern Railway (UK)
GER Gross Enrollment Ratio (education)
GER Gain Electrons Reduction
 will also present its UTCS UTCS Urban Traffic Control System
UTCS Senior Chief Utilitiesman (Naval Rating)
UTCS Universal Train Control System
 web based software environmental certification system for selling carbon credits through the Clean Development Mechanism (CDM) to the World Bank.

Finally, Green Energy Resources stock buy back plan continues in effect. The company remains engaged in ongoing negotiations for the export of woodchips and pellets to Europe.

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 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. 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 and other risks.

Green Energy Resources (PINK SHEETS:GRGR)
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 13, 2006
Words:342
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