HUNTINGTON, N.Y., Sept. 21, 2005 (PRIMEZONE) -- Green Energy Resources (Pink Sheets:GRGR) has received an order for 250,000 tons of wood biomass in New York State beginning in 2007. The contract is part of a larger New England contract to supply nearly 500,000 tons to four biomass power plants in four separate states. The agreement is a 10-year supply deal, totaling 5 million tons. Total value of the contract has not been disclosed.
Eight New England states and Delaware recently agreed to move forward with greenhouse gas emissions standards. The Kyoto-like commitment is a major step in the United States toward a renewable energy economy. Demand for biomass energy in New England is particularly strong, where there are few open spaces for wind turbines and weather is not optimal for solar energy. Biomass is the only renewable energy supply that can be stored, saved, and ready reserves maintained. Up to 20 new biomass plants are being planned for 2006 and 2007 in New England. The total number of plants could triple, if plans to close the two nuclear power plants move forward.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financing, and other risks.