CybeRelease: (OTC: GRGR) Initiates Upgrade to "Solicited" Stock Status
(CybeRelease, June 26, 2006) - Lake Harmony, PA - Green Energy Resources (OTCPK:GRGR.) has contracted Island Capital Management of St. Petersburg, Florida to file its NASD 211’s, maintain compliance and perform market maker functions; Recent rules imposed by “Pink Sheets” in its quest to become a Stock Bulletin Board require companies to engage a’ Market Maker’. The ’Market Maker’ supports the company’s trading and will allow ’GRGR’ to become a “solicited” stock to brokers, institutional investors the general public. It allows for major expansion, growth and greater visibility of the company. “GRGR’s current status is ”unsolicited". Green Energy Resources currently maintains and updates its own 15c211, and is in full compliance with NASD and. SEC rules.
In other company news, Green Energy Resources guidance for the 2nd qtr shows a profit and will out perform 2005’s 2nd qtr numbers. First half the year financials should be ready shortly, as the company’s new CFO takes over and begins maintenance on a daily basis. The company expects a“ significant” increase in sales for the 3rd and 4th quarters of this year, with the delivery of several export shipments scheduled for late summer and the fall of 2006.
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