POWELL, Tenn., March 30, 2004 (PRIMEZONE) -- Mr. Maxwell Labrooy, Vice President of Green Dolphin Systems Corp. (OTCBB:GDLS), is proud to announce that the company has entered into a joint-venture Agreement with Deto Surfacts, PVT. Limited of Sri Lanka. Product distribution will be focused to the Asian market specifically targeting five-star hotels and resorts, food processing plants and hospitals. Deto Surfacts has been serving customers for over 10 years throughout this region.
Mr. Labrooy will be traveling to Sri Lanka for the grand opening of Green Dolphin Sri Lanka Corp. on May 7, 2004 to introduce the product line and train its staff on the use, marketing and sales of the product portfolio. Mr. Keith Samanasena, Chairman and Managing Director of Deto Surfacts, has jointly developed a marketing plan with the company's other partner in the region, Green Dolphin Systems Australia, to forge a distribution program.
Safe Harbor
Statements contained in this news release regarding Green Dolphin's and other planned events are forward-looking statements, subject to uncertainties and risks, many of which are beyond the control of Green Dolphin's management, including, but not limited to, reliance on key markets, suppliers, and products, currency fluctuations, dependence on key personnel and trade restrictions, each of which may be impacted, among other things, by economic, competitive or regulatory conditions. These and other applicable risks are summarized under the caption "Risk Factors" in Green Dolphin's Registration Statement on Form S-8 filed with the Securities and Exchange Commission on July 1, 2003 and the firms 10KSB/A filed with the SEC dated April 28, 2003. Forward-looking statements by their nature involve substantial risks and uncertainties. As a result, actual results may differ materially depending on many factors, including those described above.