Ukrainian Railways to Test Green Star's Advanced Lubrication Products

Green Star Products, Inc., (OTC: GSPI) today announced that the Ukrainian Railways, which is one of the largest railway companies in the world, will soon start testing Green Star's TVT 24-7 (DFE) Advanced Lubrication and Fuel Additive Products.

The request for testing from Green Star was approved and a directive was issued by Mr. V. O. Zaitsev, Head of Main Administration of the Ukrainian Railways. Testing should begin in early Fall 2009 pending arrival of testing products from the U.S.

Ukrainian Railways (Ukrzaliznytsia) (http://www.uz.gov.ua/) is administered by the Ministry of Transportation of Ukraine with more than 300,000 employees which services the majority of railways in the country.

Mr. Joseph LaStella, President of Green Star, stated, “Green Star has been successful in launching its marketing strategy to directly sell its TVT product line to its existing customers and newly attracted customers in manufacturing, transportation, energy and marine industries in the global advanced lubrication market. Green Star has become very aggressive in pursuing its lubrication product line. Green Star now has representatives active on five continents.” Please see press releases dated July 22, titled “Green Star Continues to Expand its Marketing Efforts with Harrison and Horlick, Inc., for Lubricant TVT 24-7 Products” (http://greenstarusa.com/news/09-07-22.html) and July 15, titled “Green Star Products Ready to Expand Sales of Its TVT Ultimate Lubrication Products” (http://greenstarusa.com/news/09-07-15.html).

Mr. LaStella also stated, “The current global green movement has become a huge marketplace for the products and services that Green Star has developed and marketed for the last 16 years.”

Green Star Products together with its consortium partners are now active in four distinct green industrial applications, which are: biodiesel production, algae production and processing as feedstock for both biodiesel (“Green Star Announces Odessa Biodiesel Plant Completed and Has Produced Spec Fuel” http://greenstarusa.com/news/08-11-25.html) and cellulosic ethanol ("Green Star Announces Biorefinery and Electric Car Plans at Stockholders Meeting" http://greenstarusa.com/news/09-03-11.html), electric vehicle production (“Global Green Cars Expands Its Electric Vehicle Product Line” http://greenstarusa.com/news/09-07-13.html) and advanced lubrication.

Mr. LaStella further stated, “Green Star must now expand its strategic alliances and company management and technical personnel to take advantage of these unique opportunities. Green Star has pursued and developed these green technologies long before `green' was considered the new industry.”

About Green Star Products

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 Public Relations at 1-800-741-7648 and 1-800-340-9784, 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.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.

Green Star Products (PK) (USOTC:GSPI)
Historical Stock Chart
From Jun 2024 to Jul 2024