Global Green Cars and Green Star Showcase New 2010 Electric Vehicle As Raceway Pace Car

Green Star Products, Inc. (OTC:GSPI) and Global Green Cars, Inc. (GGCI) introduced their G-3 plug-in electric pickup truck by working as the lead pace car at Rocky Mountain Raceway Saturday, August 29th in West Valley City, Utah.

This was the first time an electric vehicle has paced a sanctioned competition at the raceway with local media covering the event. Starting all the heats and the main event races at speeds of about 50 mph, the G-3 handled the sharp corners of the quarter-mile track and accelerated strongly over a three-hour period without recharging.

“Americans have a love affair with their automobiles. Introducing an electric pickup truck by pacing a high-speed auto race shows that this truck will keep up with any traffic situation,” GGCI president Brooks Agnew stated.

The truck has a working payload of 1,000 pounds and can comfortably seat two adult Americans in its expanded club cab and has a top speed of over 85 mph. The average driver should obtain a range of 100 miles between charges, and spend about $1 dollar to fully recharge the advanced battery (nickel-based) technology.

The 2010 model vehicles are scheduled to be crash tested starting January 2nd, 2010, far ahead of its competitors in Detroit. In late Spring or early Summer 2010, GGCI plans to start production of the 2010 vehicle models. Starting prices for the 2010 Electric Delivery Mini-Truck are in the range of $25,000 dollars, which are far below any anticipated prices of competitors. The sticker price does not take into account significant rebates from the Federal Government and several States, which could bring the final price below $20,000 dollars. Seventy percent (70%) of the labor and materials are American, making the G-3 the most American-made small pickup truck in the nation.

It is also interesting to note that the final main event at Rocky Mountain Raceways was won by race car No. 41 Maverick Modified driven by Michael Haddenham using Green Star's TVT Advanced Engine Lubrication Additive in its engine. The No. 41 Team is nicknamed the “Green Team.”

See video and pictures at http://www.greenstarusa.com and http://www.globalgreencars.com. Also see press release dated August 27, 2009 titled “Global Green Cars and Green Star to Showcase New 2010 Electric Vehicles with Free Public Test Drive Demos Across the Nation” for additional details about the G-3 vehicle.

GGCI plans to showcase this vehicle across the United States in coming weeks to demonstrate its range performance abilities. Next stop, State of Kentucky.

About Global Green Cars

Global Green Cars (GGCI) is a private company with an International Automobile Consortium of auto industry partners, part suppliers, and electric vehicle component suppliers that have strategic plans for mass production of high performance electric vehicles in the United States and abroad. Green Star Products is a strategic alliance partner providing engineering and technology to the GGCI Consortium.

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.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6039292&lang=en

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