VIASPACE Press Release
VIASPACE Giant King Grass Commercial Nursery Established in Pakistan
March 10, 2014 - Walnut, California - VIASPACE Inc. (OTCQB: VSPC) today announced that it has shipped 2,200 pounds of Giant King Grass planting stock to Pakistan under the contract signed with WINERGY Pakistan (Pvt.) Limited, who are the representatives of VIASPACE in Pakistan. This consignment was airlifted in a temperature controlled container for establishing a propagation nursery in Karachi, Pakistan. VIASPACE Director, Mr. Khurram Irshad, flew to Karachi to personally oversee the proper establishment and actual planting of this nursery site that will provide seedlings for commercial plantation of Giant King Grass for animal feed and biomass for power generation.
According to Mr. Irshad, "The immediate target is to prepare Giant King Grass plants for a 100 acre plantation by August 2014. The first harvest of this crop is expected in November 2014, and this plantation will be used for animal feed. In the pipeline is a project of further planting for biomass feedstock."
Mr. Irshad met with farmers who require a high protein animal feed throughout the year. He also met with the heads of industrial concerns who were excited to learn about using Giant King Grass in place of the agricultural waste that they are currently using for heat and power generation.
Mr. Irshad continued, "The prospective clients in Pakistan are closely following our developments there with the goal to partner into long term agreements with VIASPACE / Winergy Pakistan (Pvt.) Limited."
VIASPACE CEO, Dr. Carl Kukkonen, stated, "We are very happy to have an active company Director who is taking the initiative in Pakistan. He knows how to do business there, and this is a country that the United States is working to help. We harvested mature Giant King Grass at our California nursery, had it inspected by the US Department of Agriculture and obtained a phytosanitary certificate for the shipment. We packaged the Giant King Grass and had it airlifted to Pakistan. We are fully supporting the project from California, and Mr. Irshad is doing the hard work on the ground in Pakistan."
VIASPACE Board Chairman, Dr. Kevin Schewe, commented, "Since we announced the establishment of our corporate Giant King Grass nursery in California in late 2012, we have exported Giant King Grass from California to St. Croix USVI, Nicaragua, Hawaii, South Africa, Myanmar, Arizona and with this announcement, Pakistan. All of these projects are actively progressing and we give updates timed as appropriate with our partners. We are continuing to expand globally and domestically and will soon announce additional new sites of business for our proprietary animal feed and biomass platform, Giant King Grass. I want to thank our newest VIASPACE Board Director, Mr. Khurram
Irshad, who was added to our Board recognizing his entrepreneurial accomplishments in his native Pakistan and his business connections to get the job done there. We have confidence that Mr. Irshad and our business development in Pakistan will be of significant value to our Company and its shareholders."
About VIASPACE Inc.
VIASPACE grows renewable Giant KingTM Grass as a low-carbon fuel for clean
electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. Giant King Grass is a proprietary, high yield, dedicated biomass clean energy crop. Giant King Grass when it is cut frequently at 4 to 5 feet tall is also excellent animal feed. The USDA granted approval for planting Giant King Grass throughout the US and cooperates in exporting by performing the required inspections and issuing the phytosanitary certificate needed for import into foreign countries. Giant King Grass is being grown in California, Arizona, Hawaii, St. Croix Virgin Islands, Nicaragua, South Africa, China, Myanmar and Pakistan. For more information, please go to www.VIASPACE.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 those 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, 2012, and other factors over which VIASPACE has little or no control.