Environmental Protection Agency (EPA) Administrator Stephen L. Johnson delivered the keynote address to the General Session of the National Biodiesel Board 2006 Conference & Expo in San Diego February 5th thru 8th. Johnson said, "Our country is on the verge of a dramatic change for how we power our cars, our homes and our businesses. And innovation -- including innovations in biodiesel -- is the catalyst of this change." "The President knows we are too reliant on foreign oil," Johnson said, and continued: "Renewable fuels like biodiesel are the next step in our steady march toward cleaner, healthier air." Johnson recognized the significant environmental benefits of biodiesel and stated his belief that the U.S. agricultural industry is strong and up to the challenge when it comes to reducing foreign oil. American Biofuels (ABF), which is 35% owned by Green Star Products (OTC:GSPI), also provided the biodiesel that fueled the Volkswagen demonstration car at the NBB Expo. Actress Darryl Hannah, also a keynote Speaker, received some of ABF'S biodiesel in her Car. ABF was represented at the NBB Expo by its marketing partners Energy Merchants, who also had an exhibition booth at the Expo (see press release dated December 2, 2005). The NBB Expo was the largest ever and had over 2,000 registered attendees and representatives from many countries. The conference was buzzing with excitement because only a week earlier President Bush set a goal of replacing 75% of US Oil Imports with alternative fuels by 2025. ABF is ramping up to meet the ever-increasing demand for biodiesel. ABF recently announced their expansion plans for their existing Bakersfield Biodiesel Production Facility in California (see GSPI press release dated January 27, 2006). ABF recently received its largest shipment to date of five railroad cars of feedstock vegetable oil to process into biodiesel (see pictures at GreenStarUSA.com). Green Star Products, Inc. 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 is 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 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 "GSPI." Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act 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.
Green Star Products (PK) (USOTC:GSPI)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Green Star Products (PK) Charts.
Green Star Products (PK) (USOTC:GSPI)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Green Star Products (PK) Charts.