latest news releases from the newsroom
Green Energy Resources Inc.
Green Energy Resources, Inc. Signs $21 Million Supply Contract to Europe for Energy Woodchips
NEW YORK, Dec. 17, 2008 (GLOBE NEWSWIRE) -- Green Energy Resources, Inc. (Pink Sheets:GRGR) has signed a European supply contract for $21 million. The order is effective immediately. Orders for the fourth quarter 2008, the 1st quarter 2009 and all of 2009 will meet or exceed the company's target objectives. Reduced international shipping freight rates, lower fuel costs and a relatively strong euro-dollar have set the stage for the unexpected year end surge in sales. The global recession has decreased shipping costs to the lowest rates in at least five (5) years. Many contracts that had been abrogated or suspended by the high freight markets in 2007 and 2008 have been reinstated and are being processed for shipping. The lower freight rates will allow Green Energy Resources to charter long term freight vessels to lock in current contracts to ship orders without future interruption.
Gold Coast Mining Corp.
Hot Web, Inc. Completes Stock Repurchase
BOISE, Idaho, Dec. 17, 2008 (GLOBE NEWSWIRE) -- Hot Web, Inc. (Pink Sheets:HWBI) announced today that the Company has completed the repurchase of Ten Million (10,000,000) Common Shares or approximately 2.1% of the fully diluted outstanding shares in a private transaction with one of the Company's former lenders. The 10,000,000 shares were repurchased as part of the company's previously announced debt restructuring. The shares have been returned to the Company and will be sent to the transfer agent to be cancelled. The new fully diluted outstanding common stock following the cancellation of these shares is 444,887,086.