VIASPACE Press Release
VIASPACE, Inc. Discusses New Sales and Distribution Agreement and Business Update in Exclusive Interview on WallSt.net's 3-Minute Press Show
PASADENA, CA -August 27, 2008-VIASPACE Inc. (OTCBB: VSPC) today provided an overview of the company's progress in the $54 Million Clean Energy industry, including its new agreement to sell and distribute fuel cell test stations, in an exclusive interview on WallSt.net's 3-Minute Press Show.
Interested parties may access the interview through the following link:
VIASPACE is continuing its expansive strategy for alternative energy products begun last year. This new agreement with WonATech of Seoul, Korea follows recent announcements of similar agreements with GasHub of Singapore and Scitech of Seoul, Korea. This effort on the part of VIASPACE is to represent a global network of Fuel Cell Test Station manufacturers and to establish cross selling opportunities for its HS-1000 state-of-the-art Humidity Sensor. WonATech, Scietch and GasHub collectively have a wide range of test stations from basic, simplified units to complex multi-channel units, all at very attractive pricing.
VIASPACE feels that the markets in the United States, Europe and Southeast Asia are underserved. As a part of that market, there are several hundred universities around the globe, along with hundreds of companies, actively working on fuel cell development. Most of theses small companies and universities have limited budgets and will be interested in fuel cell test station sat affordable prices. The upper end units will also be attractive to major corporations and automobile manufacturers already at work on sophisticated fuel cells for hybrid vehicles and other applications.
About VIASPACE: Originally founded in 1998 with the objective of transforming proven space and defense technologies from NASA and the Department of Defense into hardware and software solutions that solve today's complex problems, VIASPACE benefits from important patent and software licenses from Caltech, which manages NASA's Jet Propulsion Laboratory. For more information, please visit our website at www.VIASPACE.com, or contact for Investor Relations, Dr. Jan Vandersande, Director of Communications at 800-517-8050, or IR@VIASPACE.com.
Press contact: Carl Kukkonen 626-768-3360
This news release includes forward-looking statements. These forward-looking statements relate to future events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Such factors include the risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-KSB, for the fiscal year ended December 31, 2007, as well as general economic and business conditions, the ability to acquire and develop specific projects and technologies, the ability to fund operations, changes in consumer and business consumption habits, and other factors over which VIASPACE has little or no control.