Green Star to Relocate and Expand Microalgae Lab Facility
May 15 2008 - 9:30AM
Business Wire
Green Star Products, Inc. (OTC:GSPI), and its consortium partner
Biotech Research, Inc., announced today that they plan to move the
existing microalgae laboratory facility now located at the UABC
University in Ensenada, Mexico, to Utah (see 4 minute UABC video on
our website GreenStarUSA.com). The Ensenada lab facility has been
responsible for developing commercial algae strains for oil
production (to biodiesel) and also high-protein algae biomass as a
food source. The Ensenada facility is also responsible for
developing algae harvesting and production techniques. Microalgae
can produce 100 times more oil and 50 times more food per acre than
traditional agricultural crops (i.e. soy, corn, wheat, etc.). The
Ensenada facility and its algae biotechnology team will be moving
to the new expanded facilities in Utah to support the planned
commercial algae production facility scheduled to go into operation
in the 2008-2009 timeframe. The new lab facility will also be
supported by development efforts from other universities,
consortium partners, and associated industrial technology
companies. GSPI will be responsible for providing field engineering
and construction for the new lab facility and the planned
commercial algae facility and will participate in the profits
distribution on an ongoing basis from the commercial project. For
other important algae information see the recent press release
dated May 9, 2008, titled �Green Star Releases Complete Algae
Demonstration Report.� The Utah laboratory will also have
capabilities to support other Green Star/Biotech Research
commercial microalgae production facilities in the U.S. 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' 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.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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