Green Energy Resources Wins NYC Woodchip Contract


NEW YORK, Nov. 20, 2008 (GLOBE NEWSWIRE) -- Green Energy Resources (Pink Sheets:GRGR) has won the contract for New York City's woodchips. The volume of chips is in the 10,000 to 100,000 ton range according to Green Energy Resources CEO Joseph Murray. The chips are produced through the City Parks Department, and Highway Maintenance Departments. The chips will go to Green Energy Resources' Linden, NJ facility prior to shipping. The chips include Christmas tree recycling and storm damaged wood. The amount of the winning bid was not disclosed. Green Energy Resources is currently bidding on several other major east coast cities' supply of woodchips.

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.


            

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