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Green Energy Resources Announces New Website - - and Stock News.

HUNTINGTON, N.Y. -- Green Energy Resources, formerly New York International Log & Lumber Company (nasdaq otc pk NYIL) announced The new website, host, and servers will better provide investor information, daily stock information, breaking company news, press releases and site links. The new website will be independently maintained and operated and is expected to go online by (friday) Jan. 21, 2005.

Green Energy Resources is a renewable energy company working with Power plant utilities, private industry, and government to reduce green house emissions through use of Bio diesel, Biomasse, Coal Pollution Reduction (co-firing), Wood Ethanol, and Gasification. The renewable energy industry is expected to undergo rapid expansion in 2005. The adoption of international law requiring developed nations to reduce air pollution to 1990 levels takes effect in February. (Kyoto Protocol). Global scale emmissions trading of "Green Certificates" has commenced. International trading of Renewable Energy Credits (REC's) allows companys, that under pollute, to sell credits to polluting companies for compliance. Many international brokerage firms have set up specific trading divisions to handle the volume. The trading of Green Certificates on commodities markets is similar to other established well known commodities. It is also widely anticipated the United States will pass the long stalled energy legislation in the US Congress this year. Passage of the over 1000 page legislation will proliferate a bonanza of renewable energy programs, pork barrel projects, tax credits and incentives to reduce America's dependence on oil and reduce air pollution by utility companies.

STOCK NEWS, Green Energy Resources initiated its stock buy back program announced Jan. 10, 2004. Stock purchase are being conducted with the 2004 profit of over $500,000 earned in its first year of operation. The objective is to purchase up to 5 million of the 7 million shares in the float.
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Publication:Business Wire
Date:Jan 18, 2005
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