HUNTINGTON, N.Y., Aug. 11, 2005 (PRIMEZONE) -- Green Energy Resources (Pink Sheets:GRGR) announces the opening of an office in Rotterdam, Holland. Michiel De Jongh has been appointed executive director of marketing and sales for the Benelux countries. Mr. De Jongh is a well respected business entrepreneur known in Holland and through out Europe. He brings over 25 years of experience to Green Energy Resources. The esteemed Mr. De Jongh has been working for Green Energy Resources for over a year, negotiating with Europe's largest international electric power generating companies. Mr. De Jongh's addition and value has had immediate impact for the company, in the form of millions of dollars in new orders, including wood pellets to be used in co-firing. Green Energy Resources CEO, Joseph Murray, will be heading to Holland to finalize order details, including a three year bulk wood pellet supply to a European utility.
In related news, oil hit an all-time high of $65 yesterday and continues to push toward $70 per barrel, or higher. Recent oil price rises signals sharp increases for the alternative energy industry in Europe and the United States. Biomass is the largest renewable energy source, 30 times larger than solar and wind energy combined. (U.S. Department of Energy.) Acceleration of alternative energies is particularly profound in Europe, where gas prices already exceed $6 per gallon.
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 companies' 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.