GSPI Green Star Products Inc (PK)

Green Star Products, Inc. (OTC:GSPI) held its annual meeting Saturday July 15, 2006, at the Hilton Hotel in Las Vegas, Nevada. The meeting was divided into three segments to cover the main industrial sections that encompass GSPI businesses: Biodiesel Production (see press release dated May 23, 2006), Biomass Ethanol Production (see press release dated May 15, 2006), and also TVT 24/7 Lubricant Products (see press release dated March 7, 2006). Joseph P. LaStella, P.E., Green Star's President, opened the meeting by reading two independent international organizations' reports on GSPI. The first recommendation was from a private Swiss company - Stock Targets, Inc. "Measure a firm shift in investor targets over the past two days on Green Star Products, Inc. following a new recommendation. Investor sentiment and forecast shows a substantial increase, and remains resolutely positive on the stock's prospects, following the latest news and revaluation of the company by TTS Zurich" (full story at StockTargets.com). The second recommendation came from PQL Research who announced the "launch of PQL Green - a new service highlighting socially and environmentally responsible small and emerging companies. PQL Green will establish a 'green standard' for stewardship in the SMN markets, providing investors with investing ideas for companies that not only have a likelihood of profit, but a likelihood of making the Earth a better place. PQL Research applauds the current efforts of companies such as Green Star Products" (full story at StockTargets.com). Subsequently, Mr. LaStella spoke to and re-affirmed GSPI's focus and commitment to the World's ecology and described a few salient issues the World faces. Mr. LaStella then described in detail GSPI's relationship with California based NRG Resources, Inc. (NRG Resources) and introduced the NRG Resources senior management team in attendance. Several NRG Resources executives spoke briefly to the GSPI shareholders to clarify the business relationship between the two companies. Tony Vanetik, Chairman and Chief Executive Officer of NRG Resources, presented an overview of the relationship between the two companies, wherein GSPI is the developer of the TVT formulations and NRG Resources is the exclusive producer and marketer of all TVT products formulated by GSPI. Don Borba, NRG Resources' Chief Marketing Officer, spoke to the GSPI shareholders regarding NRG Resources' sales and marketing plans, and announced that the TVT 24/7 product line formulated by GSPI have been expanded from two products to seven. Mr. Borba described that, in addition to being tested and used in industrial applications worldwide, TVT 24/7 products are now being offered in retail stores, and used by racing teams, motocross trucks, dragsters, etc., around the country. Douglas Hay, President and Chief Operating Officer of NRG Resources also spoke to the quality of the product offered by the Company. Joseph LaStella, President of Green Star Products, finished the presentations by reviewing GSPI's BioRefinery expansion program as outlined in chronological order in press releases dated May 15, May 23, June 28 and July 7, 2006. Mr. LaStella answered detailed questions from shareholders in reference to GSPI's biodiesel and biomass ethanol programs. Some of the questions addressed at the meeting had been answered previously in the 2006 Stockholder's Report (see report dated June 2, 2006). A tally of votes indicated over a 95% approval to re-elect existing Board Members and passed all resolutions on the agenda. Shareholders representing over 150 million GSPI shares received samples of a variety of TVT 24/7 products and company marketing literature, and left the annual meeting enthusiastically. 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. GSPI 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 GSPI'S 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." NRG Resources, Inc., a Nevada corporation, is a company focused on renewable energy products, based in California, with executive offices in Orange County and a blending facility in San Diego County. Via the company's TVT 24/7 divisions, NRG Resources, Inc. markets proprietary lines of lubricants for retail, industrial and commercial applications. 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.