VIASPACE Press Release
NEW VIASPACE GREEN ENERGY INC. WEBSITE
Features Giant KingTMGrass Capabilities and Applications
Irvine, CA USA-November 16, 2010-VIASPACE Inc. (OTC Bulletin Board: VSPC), announced that its renewable energy subsidiary, VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF), launched its new website focusing on Giant King Grass. The website can be accessed at http://www.viaspacegreenenergy.com/ or http://www.vgref.com/ or through http://www.viaspace.com/.
Chief Executive Dr. Carl Kukkonen commented, "The new website is designed to answer many customer and investor requests for information about what Giant King Grass can do; what are its applications; and its advantages over other energy crops. We worked to present all of this information in one easily accessible website. We also have additional detailed technical information and test results that are available to qualified potential customers under confidentiality agreements. "
The website covers the VIASPACE Green Energy business plan and strategy, the role of biomass in renewable energy, the characteristics of Giant King Grass including its extremely high yield and excellent energy content. Giant King Grass is a tropical and subtropical perennial grass that yields 45 dry tons per acre with energy content of 7900 BTU per pound. Giant King Grass has much higher yield than other energy crops, and therefore can be produced at much lower cost. It is not a food crop, and can be grown on marginal land that is not being used for agriculture today. Giant King Grass can be sustainably grown and does not sacrifice food for fuel. It is low carbon-- nearly carbon neutral--and renewable.
VIASPACE Green Energy's website explains the multiple applications for Giant King Grass including fuel for biomass power plants, and feedstock for biomass pellets, cellulosic liquid biofuels, and bio-methane. Kukkonen stated, "We want to show people how diverse Giant King Grass is by explaining its many applications, and how much more advantageous it is to use Giant King Grass in producing energy compared to other energy crops out there."
The website also features VIASPACE Green Energy's first commercial product, the Green LogTM campfire and fireplace logs. The first container of the Green Log will be arriving in the US later this week.
VIASPACE Green Energy is a majority owned (75.7%) subsidiary of VIASPACE Inc. Both companies are publicly listed on the OTC Bulletin Board. VIASPACE (VSPC) has been listed and fully reporting to the SEC since June 2005. VIASPACE Green Energy (VGREF) has been listed and reporting since January 2010 and the company is awaiting approval of electronic clearing by the Depository Trust Company (DTC). Shares in VGREF can be traded now without electronic clearing but this could be more costly. VIASPACE shares are electronically cleared by DTC. VIASPACE Green Energy currently has 8,600,000 shares issued and outstanding.
About VIASPACE Inc.
VIASPACE is a clean energy company providing products and technology for renewable and alternative energy that reduce or eliminate dependence on fossil and high-pollutant energy sources. Through its majority-owned subsidiary VIASPACE Green Energy Inc., the Company grows Giant King Grass as a low-carbon fuel for electricity generating power plants, as a feedstock for bio methane production and cellulosic biofuels, and for other low-carbon, renewable energy products. VIASPACE Green Energy recently introduced its Green LogTM fireplace and campfire log product. For more information, please go to http://www.viaspace.com/ or http://www.viaspacegreenenergy.com/, or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or IR@VIASPACE.com.
Safe Harbor Statement
Information in this news release includes forward-looking statements. These forward-looking statements relate to future events or 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, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2009, as well as general economic and business conditions; the ability to acquire and develop specific products and technologies; changes in consumer and business demand for the Company's products; competition from larger companies; changes in demand for alternative and clean energy; risks associated with international transactions; risks related to technological change; and other factors over which VIASPACE has little or no control.