GSPI Green Star Products Inc (PK)

Green Star Products, Inc. (OTC:GSPI) announced today that research institutes, universities and commercial companies from five continents have agreed to join Green Star�s global algae testing program. Mr. Joseph LaStella, president of GSPI, stated, �This is the first time that the global academic, scientific and commercial communities have voluntarily agreed to collectively work and share scientific data for the good of humanity without any monetary compensation.� Algae research, the new alternative energy rising star, is now being accepted as the ultimate near term simultaneous solution to the fuel crisis, global warming and food shortages. Ongoing interest in algae biodiesel has fueled a race toward commercialization, which many believe to be five or more years away. On May 22, 2008, Green Star Products announced that a major breakthrough has been achieved which substantially increases the algae growth rate of certain strains of microalgae. It further stated that the Montana Micronutrient Booster (MMB) formula could increase the total biomass quantity in a harvest algae growth cycle by well over 100%. Green Star will make this product available throughout the world. Samples are available for all research, university and commercial facilities if participating organizations agree to share their growth research data concerning the growth booster. This data will be available via Green Star�s free informational algae website to the world. This joint global research effort can accelerate the commercial worldwide production of algae. Joseph LaStella also stated, �This breakthrough formula is too important to the algae processing industry for any single company to hold for their personal use. Microalgae production holds real answers to the many serious problems facing the world today, including global fuel shortages, global warming and food supply shortages.� Participants should be congratulated on their willingness to collectively work together on this humanitarian project (see press release dated May 22, 2008, for details and research pictures). 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.