Green Star Products, Inc.: Results of Special 2011 Shareholders Meeting
15 January 2011 - 7:11AM
Marketwired
Today Green Star Products, Inc. (PINKSHEETS: GSPI) announced the
voting results of the 2011 Special Shareholders Meeting held on
January 2, 2011, in Salt Lake City, Utah. For information on the
meeting see press release "Green Star Announces 2011 Special
Shareholders Meeting"
(http://www.GreenStarUSA.com/news/10-12-13.html).
There were three main voting propositions offered to
Shareholders of Green Star Products as follows:
1) The three Board Members including Joseph LaStella, who has
been President of the Company for over 18 years, were approved and
voted into office.
2) The additional treasury shares propositioned were approved by
GSPI Shareholders.
3) The reverse split proposition was also approved by GSPI
Shareholders and will become effective on or before July 2, 2011.
GSPI Shareholders voted to give the Board of Directors the power to
set the effective date for the reverse split.
In conclusion, Joseph LaStella, President of Green Star
Products, said, "It was a very productive meeting and GSPI
Shareholders showed great support for the Company."
About Green Star Products Green Star
Products, Inc. (PINKSHEETS: GSPI) is an environmentally friendly
public company dedicated to creating innovative, cost-effective
products to improve the quality of life and clean up the
environment. GSPI 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
green products, as well as lubricants, additives and devices that
reduce emissions and improve fuel economy in vehicles, machinery
and power plants. For more information visit
http://www.GreenStarUSA.com, or call (800) 741-7648, (800)
340-9784, (619) 864-4010, fax (619) 789-4743, or email
info@GreenStarUSA.com.
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, new products and
technological changes, dependence on third-party suppliers, and
other risks detailed from time to time in the company's periodic
filings.
CONTACT: Joseph LaStella President Green Star Products, Inc.
800-741-7648 / 800-340-9784 / 619-864-4010 619-789-4743 (fax)
info@GreenStarUSA.com
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