Green Star Products JV Partner NRG Resources Signs $140-Million Contract at APEC Summit
November 20 2006 - 10:30AM
Business Wire
Green Star Products, Inc. (OTC:GSPI) announced today that the New
York Times and the Washington Post have both published an article
covering the APEC Summit stating, �Vietnam's Truong Thinh Co. said
it had sealed a US$140-million contract with California-based NRG
Resources Inc.� NRG Resources is the exclusive marketing and
distribution partner of GSPI for TVT 24/7 Advanced Lubrication
product line. The Asian-Pacific Economic Cooperation (APEC) Summit
was attended by presidents from 12 countries including President
George W. Bush and Pres. Vladimir Putin, Russia�s President. The
New York Times and Washington Post articles further stated, �Top
business leaders attending a Pacific Rim economic conference on
Friday praised communist Vietnam for its stunning progress in
reforming its economy a day after U.S. companies struck a flurry of
investment deals worth more than $1.6 billion.� NRG Resources is
one of only five U.S. companies covered in the articles. Of the
US$140-million agreement signed by NRG Resources, US$125-million
will be for the purchase of TVT 24/7 products over the next five
years. GSPI manufactures the TVT 24/7 product line exclusively for
NRG Resources and receives 25% of net profits from sales. NRG
brings an extensive International Marketing Team to expand TVT 24/7
sales worldwide. The TVT 24/7 product line includes engine oil
additives, machine cutting oil including computer operated CNC
machines, which use water-soluble cutting oils. Extensive
industrial field trials have proven the TVT 24/7 product reduces
machine and engine wear, engine friction, increases production,
reduces energy consumption and significantly reduces Global Warming
effects by lowering CO2 emissions from all applications. GSPI and
NRG Resources are also Consortium partners in the renewable fuels
market, which includes the production of biodiesel and cellulosic
ethanol (see GSPI press release dated June 28, 2006 �GSPI
Consortium Plans 500-Million Gallons Biofuels Production�). Green
Star Products, Inc. (OTC:GSPI) 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, Inc. (OTC:GSPI) announced today
that the New York Times and the Washington Post have both published
an article covering the APEC Summit stating, "Vietnam's Truong
Thinh Co. said it had sealed a US$140-million contract with
California-based NRG Resources Inc." NRG Resources is the exclusive
marketing and distribution partner of GSPI for TVT 24/7 Advanced
Lubrication product line. The Asian-Pacific Economic Cooperation
(APEC) Summit was attended by presidents from 12 countries
including President George W. Bush and Pres. Vladimir Putin,
Russia's President. The New York Times and Washington Post articles
further stated, "Top business leaders attending a Pacific Rim
economic conference on Friday praised communist Vietnam for its
stunning progress in reforming its economy a day after U.S.
companies struck a flurry of investment deals worth more than $1.6
billion." NRG Resources is one of only five U.S. companies covered
in the articles. Of the US$140-million agreement signed by NRG
Resources, US$125-million will be for the purchase of TVT 24/7
products over the next five years. GSPI manufactures the TVT 24/7
product line exclusively for NRG Resources and receives 25% of net
profits from sales. NRG brings an extensive International Marketing
Team to expand TVT 24/7 sales worldwide. The TVT 24/7 product line
includes engine oil additives, machine cutting oil including
computer operated CNC machines, which use water-soluble cutting
oils. Extensive industrial field trials have proven the TVT 24/7
product reduces machine and engine wear, engine friction, increases
production, reduces energy consumption and significantly reduces
Global Warming effects by lowering CO2 emissions from all
applications. GSPI and NRG Resources are also Consortium partners
in the renewable fuels market, which includes the production of
biodiesel and cellulosic ethanol (see GSPI press release dated June
28, 2006 "GSPI Consortium Plans 500-Million Gallons Biofuels
Production"). Green Star Products, Inc. (OTC:GSPI) 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.
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