GSPI Green Star Products Inc (PK)

Green Star Products, Inc. (OTC:GSPI) today announced the appointment of Mr. Thomas Gruenwald to his position of Chief Financial Officer (CFO). Mr. Gruenwald has a broad financial background with over twenty-five years of experience in banking and financing. He was CFO for two major financial institutions and a Manager for the Asset Management Division of the Resolution Trust Corporation. In addition, he has been a CFO for a real estate development company, with multiple financial projects worth over $100 million. Mr. Gruenwald has been working on a consulting basis for Green Star for over one year. During the past year, Mr. Gruenwald�s projects for Green Star included setting up a reporting system to facilitate the acquisition of data for systematic reporting of GSPI financials. Mr. Gruenwald has worked closely with outside auditors to complete the 2005 and 2006 GSPI certified financials soon to be published. He has also completed in-house 2007 financials that are in the process of certification and plans to publish quarterly financials by the year end. During the past year, Mr. Gruenwald�s duties have also included financial models for a variety of Green Star domestic and international projects including contract negotiations and several DOE and USDA grants project proposals. Green Star is proud of working with Mr. Gruenwald who, being such a distinguished and hard-working person, adds a valuable human resource asset to the company. The appointment of Mr. Gruenwald to the position of CFO is the first of many management steps as stated in our June 26, 2008 GSPI press release titled �Green Star Products Acquiring Talented Industry Executives� and will soon announce the appointments of VP Field Engineering and VP International Projects. Green Star also suggests everyone to visit the new JosephLaStella.com website. 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.