Green Star Products Outlook for 2013
03 January 2013 - 4:34AM
Marketwired
Today the President of Green Star Products, Inc. (PINKSHEETS:
GSPI), Joseph LaStella, reviewed the accomplishments of the Company
in 2012 and outlook for 2013.
Mr. LaStella stated, "It comes as no surprise that due to
national and international economic conditions, projects at all
levels have been delayed. Early in 2011 Green Star announced that
it had created a new business strategy to increase revenue for the
Company without requiring additional capital investment. GSPI
decided to license other companies to market and sell our line of
environmentally friendly products. GSPI formed alliances with other
green companies to offer their products to Green Star's customer
base as well. In 2012 we saw significant spending by many of these
potential new partners on research and future use of our
products."
Green Star and its consortium now provide advanced coating
products to international industrial and commercial customers. In
2011 GSPI furnished the coating products and participated in the
completion of a significant photovoltaic energy project at a major
U.S. government facility in Southern California. This project
consisted of applying coatings on four major steel structures
including the new amphitheater. Photos may be seen on the projects
page of our new website at: www.GreenStarProductsInc.com/b.htm.
Links to other GSPI related websites may be found at this web
address as well: www.GreenStarProductsInc.com.
Other coatings products are being tested throughout the world.
In Germany, a coating has been tested and rated as the best
available product for the new monster tunnels being cut through the
Alps.
In China, a coating product is being tested for use on
supertanker hulls. In the province of Jiangsu, it is also being
tested to protect new sea ports from corrosion by saltwater.
In the European Union, other coatings are being tested on
undercarriages and other areas in advanced automobiles.
Green Star is also marketing specialized lubricants, cleaners
and protectors in partnership with other distributors in government
sales at all levels including the U.S. Federal Government and
recreational products where improved performance, efficiency and
environmentally friendly factors are important. For instance, our
TVT lubricant product line is being tested by NASCAR racing teams
and for other industrial applications across the world such as
titanium drilling facilities in Russia.
GSPI is in negotiations to construct Hybrid Algae Production
System (HAPS) and DHA production facilities in China. Both
agreements should reach prototype plant development stage in early
2013. Full size projects are expected to be in the tens of millions
of dollars range. Production of algae based biodiesel, food and
materials consumes carbon dioxide as the principle nutrient for
algae growth, making these products a net carbon neutral factor in
the biosphere. Also in Europe, two GSPI algae systems are under
advanced discussion. Please see press release dated October 19,
2012 'Green Star Products, Inc. 2012-2013 Business Outlook' which
explains in detail our algae production technology, which will
continue to be a core business for Green Star.
GSPI representatives have been in China, Russia and Siberia
during the year 2012, and have established permanent offices in
Beijing since 2011. In October 2012, the Green Star delegation
(which included Biotech Research, Inc.) was received by high level
local and central government representatives in the Chinese
province of Jiangsu. Video of these negotiations was broadcast on
national TV in China. It is estimated that over 400 million people
tuned in to the evening news covering Green Star's trip to this
province. To view the YouTube video of the China TV news clip,
please visit this page on our website:
www.GreenStarProductsInc.com/c.htm.
In conclusion, 2013 offers GSPI the greatest of opportunities
moving forward on significant projects across several
continents.
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 such as
algae based biodiesel, cellulosic ethanol and other clean-burning
biofuels, as well as other green products including lubricants,
additives and devices that reduce emissions and improve fuel
economy in vehicles, machinery and power plants. For more
information please visit www.GreenStarProductsInc.com, and call
800-741-7648 and 800-340-9784, or email
info@GreenStarProductsInc.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 info@GreenStarProductsInc.com
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