Green Star Products Ready to Expand Sales of Its TVT Ultimate Lubrication Products
15 Julho 2009 - 11:15AM
Business Wire
Green Star Products, Inc., (OTC:GSPI) today announced that it
will enter into direct sales of its TVT Lubricant Products
Line.
In June 2005, Green Star Products entered into an agreement with
NRG Resources, Inc., which granted NRG Resources the exclusive
rights to market and sell Green Star's Advanced Lubrication Product
Line. Both companies have agreed that, for a variety of unforeseen
circumstances, NRG's ability to sell Green Star's product line has
been hampered by many factors including the general downturn of the
world economy.
Under the new contract arrangements, Green Star Products, who
manufactures the TVT product line, will be able to directly sell
its products to its existing customers and newly attracted
customers in manufacturing, transportation, energy and marine
industries.
Joseph LaStella, President of Green Star Products, stated, �We
have renegotiated our worldwide distribution contract with NRG
Resources essentially to directly sell our products to our own
customers.�
NRG Resources will receive a royalty for each barrel of product
manufactured and sold by Green Star. The contract was signed on
April 22, 2009, and Green Star has been extremely aggressive in
expanding its sales into the worldwide market.
On May 25, 2009, Mr. LaStella signed a certification document to
have its products sold in Russia. The document was also signed in
Moscow by the Deputy General Director of TechnoProgress. Last year,
Green Star manufactured and sold through the NRG distribution
system fifteen 40-foot container loads to a single customer in Asia
and additional shipments have been delayed due to the global
economic downturn. However, our product has been tested by the
Russian Railroad with extremely successful results. The Russian
Railroad and other entities in Russia are now interested in using
our product and, as soon as the certification has been cleared by
Moscow, we will be able to pursue this new frontier.
Green Star Products' aggressive entry into this new market also
includes the addition of GSPI representatives in Asia who are
presently touring Russia and Ukraine for prospective clients. On
the marketing side, we have also added to our team Russel Ferrin.
Mr. Ferrin has 30 years experience in marketing environmental
products and comes from a distinguished family line of educators
including his great grandfather who was the Governor of
Massachusetts and initiated some of the most advanced ideas to
protect the environment under his tenure.
Mr. LaStella also stated, �This is a great opportunity for our
company to expand in an industry which we have developed and are
continuing to develop new environmentally friendly lubrication
products.�
It also should be noted that Green Star has been involved in the
development and sales of this product line dating back to 1998.
Green Star marketed this product line under several different names
including SuperBAT TVT, AFT (Anti-Friction Treatment), TVT 24-7 and
the TVT trademark in general.
Our world now is aggressively pursuing environmentally friendly
products which have superior performance, improve efficiency,
reduce energy requirements, reduce global warming gases and may
qualify for CO2 credits under new U.S. cap and trade program. This
clearly opens up a new marketing strategy for our products.
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.
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