GSPI Green Star Products Inc (PK)

Green Star Products, Inc. (OTC: GSPI) (OTC: GSPI.PK), announced today that it has received serious interest in producing biodiesel from algae globally. Over the past few weeks, companies from over 20 countries on five continents have expressed their interest in GSPI's biodiesel and microalgae technology. These countries include: South Africa, India, China, Brazil, Australia, Canada, Argentina, Chile, New Zealand, Peru, Costa Rica, Sweden, Czech Republic, Zimbabwe, Spain, Italy, Nicaragua, Mexico, Russia, Kazakhstan, etc. Numerous inquiries have also been received across the U.S.A. This surge in �microalgae-oil-to-biodiesel� interest is accredited to two media events. As of May 1, 2007, Continental Airlines has been showing a two-minute documentary-type news video on all of its flights over three hours around the world. The video is packed with cutting edge technological information that has sparked worldwide interest. Also aired during May 2007 was a 15-minute interview with Joseph LaStella. This interview is not a promotional interview as it outlines the time scope of the future of biodiesel production from algae. Both media events explain the present and future status of biodiesel as an alternative fuel, which is based on feedstock oils from food sources such as corn oil and soy oil versus non-food microalgae oil. These media reports also explain the mounting competition between biodiesel feedstock oil crops versus food crops to utilize the same existing farmland and fresh water resources. Whereas microalgae production does not compete with food crops because all it requires is un-usable desert land, saltwater, CO2 and sunshine. This type of land is in great abundance in the Southwestern United States and in many foreign countries. The worldwide response to these two media events has been very good and GSPI has signed NDAs with several of these prospects. Some of the inquiries come from utility companies who are interested in providing their CO2 stack emissions to feed microalgae, and thus reduce global warming gases. Algae consume (eat) CO2 and emit only oxygen to the atmosphere. Therefore, algae reduce global warming gases while producing feedstock oils for fuel and other uses. Algae can produce 50 to 100 times more oil per acre than food oils crops. GSPI urges everyone who is interested in Global Warming and the Peak Oil Crisis to view the two-minute video (http://video.google.com/googleplayer.swf? docId=595872956429027619&hl= en) (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) and listen to the interview (http://www.wallst.net/audio/audio.asp?ticker=GSPI&id=3382). Also see GSPI press releases dated May 18 and May 11, 2007. You can find these links, press releases and more information about algae biodiesel at GreenStarUSA.com Green Star Products, Inc. (OTC: GSPI) (OTC: GSPI.PK) 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 and its Consortium are 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' Website 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.pinksheets.com, http://www.bigcharts.com and http://www.bloomberg.com and 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.