Green Star Products' TVT Brand A Success In Asian Markets; GSPI Secures Another Substantial Order To China.Business Editors
SAN DIEGO--(BUSINESS WIRE)--Sept. 22, 2003
Green Star Products, Inc. (US OTC OTC
See over-the-counter market (OTC). : GSPI GSPI Gail Seymour Productions ), under its lubricant division 75% owned by GSPI, has secured another substantial order for the rapidly expanding Chinese market of its Anti-Friction Metal Treatment Lubricant Additive.
This new bulk shipment constitutes enough product for 72,000 (8 oz.) bottles (treating 144,000 quarts of motor oil).
After many years of continued field-testing and negotiations, GSPI's TVT TVT
transmissible venereal tumor. Metal Treatment is being sold in the Asian retail markets. TVT Metal Treatment Lubricant Additive has been delivered to these markets since early 2002 (see press release Feb. 27, 2002).
Marketing efforts have been extensive in Asia, accumulating over 200 million field-tested miles. Many independent test trials in nine provinces of China have required the motor oil to be drained completely from the vehicle, after treatment with TVT, before the test runs.
For example, one test included running a vehicle with no oil in its engine after treatment with TVT product over 256 kilometers from Peking to the Great Wall of China with extensive media coverage. No engine failure detected and the vehicle continued to run normally. The Chinese market offers an enormous opportunity to expand our product sales.
Please also review our other product line including AFT Cutting Oil (see press release April 18, 2002) and AFT Water-Soluble Cutting Oil (see press release Sept. 15, 2003).
Green Star Products Inc. is organized as a holding company with major ownership positions in a set of subsidiary and affiliated companies Affiliated Companies
A situation that occurs when one company owns a minority interest (less than 50%) in another company.
Also refers to companies that are related to each other in some way.
An affiliated company is sometimes referred to as a subsidiary. now commercializing advanced automotive and energy technology products. For more information, see GSPI's Web site at http://www.baat.com or call Investor Relations Investor relations
The process by which the corporation communicates with its investors. 619/409-8977, 619/409-9598 Fax, or email firstname.lastname@example.org. 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.