CybeRelease: (OTC: GRGR) Gets $10,000,000.00 Energy Contract
(CybeRelease, May 18, 2006) - Lake Harmony, PA - Green Energy Resources (Pink Sheets: GRGR) announced a $10 million dollar, 1 year deal to sell 200,000 tons of wood biomass for renewable energy power generation to the Netherlands. The sale is scheduled to commence September 2006 as a trial shipment. The contract represents 4 shipments of approximately $2.5 million each in gross sales. Green Energy Resources expects to complete at least 2 shipments prior the end of fiscal 2006. The contract is the second received in the last month by Green Energy Resources.
In other company news, Green Energy Resources paid a 5% dividend to its shareholders on May 9th. The company posted a 1st quarter profit, and will post a 2nd qtr profit as well. 2006 is expected to be a breakout year for the company, as the renewable energy industry begins to move into full gear.
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