GSPI Green Star Products Inc (PK)

Green Star Products, Inc. (OTC:GSPI) announced today that its president, Joseph LaStella, will be a keynote speaker at the Big Sky Coalition Biofuel Symposium, presenting a cutting edge report titled "Algae to Biodiesel and Cellulosic Ethanol." Mr. LaStella stated that, "The public still does not comprehend the fact that the U.S. cannot sustain its present standard of living if we do not wean ourselves off foreign oil soon." Believe it or not, the United States possesses only 2% of the World�s known oil reserves; yet the U.S. consumes 25% of all the oil produced in the World each day. This is a grossly unsustainable economic factor facing all of us. Also consider that present agricultural oil crops (soy, corn, canola, Jatropha, etc.) can only produce about 100 gallons of oil per acre per year; while microalgae can produce more than 4,000 gallons of oil per acre per year. The Biofuel Symposium will be held on March 1, 2008, at the First Interstate Event Center in the city of Hamilton, Montana. Hamilton also happens to be the home of one of the largest demonstration algae production facilities in the world, built by Green Star Products, Inc. Green Star has been releasing news updates on the successful demonstration accomplishments of the facility since May 2007 (see website GreenStarUSA.com). On December 21, 2007, the local newspaper in Hamilton printed a full-page in-depth report on the project titled "Algae's Answer", which includes some new first time photographs of the facility. It is now posted on Green Star's website and is really worthwhile reading. The symposium is free to the public and many notable speakers from universities and labs from five states are on the agenda. The states include Arizona, Montana, Utah, Washington and Wisconsin (see Biofuel Symposium schedule at GreenStarUSA.com or BigSkyCoalition.org). 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 and its Consortium are involved in the production of green sustainable goods including renewable resources like algae biodiesel and clean-burning biofuels, cellulosic ethanol and other products, as well as 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.pinksheets.com, 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.