Green Star Products, Inc. (OTC:GSPI) today announced that Global Green Cars, Inc., a strategic alliance partner, has been successful in securing the exclusive rights to two additional models for its electric vehicle market. During the past six weeks an entourage from Global Green Cars has been touring automobile production companies in Asia for additional suitable electric vehicle platforms to be manufactured in the United States.

The Global Green Cars Team found Asian manufacturers truly accommodating and all negotiations took place at the highest levels. In addition to their truck line, which was announced early this year, Global Green Cars will now add a commuter vehicle and an SUV to their product line.

Brooks Agnew, President of Global Green Cars, stated, �There are very few vehicles available in the world that are suitable for basic electric vehicle platforms. The suitability is based on a variety of factors including its curb weight, aerodynamics, durability and structural layout to mention a few. Although green technology appears to be a market driver, external vehicle design and customer acceptance of a newly designed vehicle is always important in the market place. We believe that all of our three vehicles are exceptionally qualified in all these categories.� Please see vehicle pictures on the website GlobalGreenCars.com

Joseph LaStella, President of Green Star Products, stated, �The scheduling for crash testing has been set to start in October 2009. Initially these vehicles will be sold as low speed intra-city vehicle under the Neighborhood Electric Vehicles (NEV) program. However, at the completion of crash testing and approval by the Department of Transportation (DOT) we expect these vehicles to be approved for highway use.�

Mr. LaStella also stated, �Earlier this year, Global Green Cars completed demonstrations of both their Electric Vehicle and their Plug-In Hybrid Electric Vehicle at test tracks in Utah and Kentucky.� The last demonstration test was covered by Green Star on June 5, 2009, �Green Star Completes Final Test Series for Plug-In Hybrid Electric Vehicles� (http://greenstarusa.com/news/09-06-05.html).

The new models will be available for similar demonstrations at selected test track facilities across the United States by late Summer 2009. Prospective customers, fleet representatives, legislators and other government officials, entrepreneurs and dealership owners will be invited to test drive the vehicles.

About Global Green Cars

Global Green Cars, Inc., is a private company with a strategic alliance with Green Star Products and their international consortium of auto industry partners with strategic plans to mass produce high performance production electric vehicles in the United States. Vehicle prices start at approximately $25,000 dollars and will probably qualify for significant state and federal government rebates.

About Green Star Products

Green Star Products, Inc. (OTC:GSPI) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products and its Consortium are involved in the production of green sustainable goods including renewable resources like algae biodiesel and clean-burning biofuels, cellulosic ethanol and other products, as well as lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information, see Green Star Products' Web site at http://www.GreenStarUSA.com, or call Public Relations at 1-800-741-7648 and 1-800-340-9784, or fax 619-789-4743, or email info@GreenStarUSA.com. Information about trading prices and volume can be obtained at several Internet sites, including http://www.bloomberg.com and http://www.bigcharts.com under the ticker symbol "GSPI".

Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic filings with the Securities and Exchange Commission.

Green Star Products (CE) (USOTC:GSPI)
Gráfico Histórico do Ativo
De Jan 2025 até Fev 2025 Click aqui para mais gráficos Green Star Products (CE).
Green Star Products (CE) (USOTC:GSPI)
Gráfico Histórico do Ativo
De Fev 2024 até Fev 2025 Click aqui para mais gráficos Green Star Products (CE).