NEW YORK, Dec. 22, 2008 (GLOBE NEWSWIRE) -- Green Energy Resources (Pink Sheets:GRGR) announced it has received a $3.6 million supply contract for "dry" woodchips from a US domestic wood pellet producer. Green Energy Resources will supply approximately 6000-10,000 tons monthly to the New England manufacturer. Shipments will commence in 2008 with plans to ship an initial 500-1000 tons before year's end. The woodchips are being sourced from New York City, Long Island, and the New Jersey area. The order was originally received in May of this year, but was delayed to factory operational issues that have finally been resolved.
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies' actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.