Golden Spirit Changes Name to Terralene Fuels Corporation


NEW YORK, Sept. 12, 2011 (GLOBE NEWSWIRE) -- Golden Spirit Enterprises Ltd. (OTCBB:GSPT) reports that it is changing its name to Terralene Fuels Corporation to better reflect the business direction of the Company. The name change shall be effective at the opening of business September 21, 2011 unless The Financial Industry Regulatory Authority (FINRA), the governing body conducting a review of this amendment, elects to specify an alternate effective date.

Golden Spirit owns Terralene Fuels, an alternative fuel that is a patented fuel formulation that can replace gasoline as a stand alone fuel or fuel additive. Terralene's fuel composition is 55% petroleum based and 45% from renewable energy sources. 

According to a recent article in Reuters, although the outlook for renewable energy is not gaining momentum as it was, it is not entirely bleak either because countries like Germany, Japan and the U.S. have passed laws to require a certain percentage of its energy to come from renewable resources in the future.

Terralene Fuels is an alternative fuel that is well suited during this transitional period from being strictly fossil fuel based to alternative fuel dependency only.

Further the U.S. Navy in partnership with the Departments of Energy and Agriculture is working with private sectors to create a sustainable U.S. based alternative energy industry as part of a plan that President Obama has in place to reduce American independence of foreign oil. The U.S. spends more than $300 billion a year on imported crude oil.

Over $6 billion in investments have gone to the alternative fuels industry since 2004 with flexibility in end product technologies being the leaders which Terralene Fuels could be categorized as such.

About Terralene Fuels

Terralene® is a patented, proprietary, alternative fuel formulation which reduces greenhouse gases and other environmentally damaging emissions which are prevalent in existing gasoline combustion engines. Although the formulation is somewhat based on fossil fuels and other non food chain agricultural components, it is designed as a Green and Clean Alternative Renewable Fuel. The internationally known law firm of Gowling Lafleur Henderson LLP is retained to manage the Terralene Patents and Trade Marks.

Visit our site: www.terralenefuels.com

/s/ Jaclyn Cruz                                    

Jaclyn Cruz, President                                      

For further information contact: 1-888-488-6882

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Golden Spirit's filings with the Securities & Exchange Commission.


            

Contact Data