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VIASPACE Press Release


VIASPACE CEO & Spouse Provide Support for Missionaries of Charity in Nicaragua

05/04/2015

May 4, 2015 - Walnut, California - On April 14, 2015, VIASPACE Inc. (OTC: VSPC) issued a press release announcing that Energia Reino Verde has signed an agreement for the Engineering, Procurement and Construction Supervision of the 12 MW biomass power plant that will be co-located with the 834 hectare (2,060 acre) Giant King® Grass plantation project in Nicaragua. VIASPACE Inc. owns a 50% interest in Energia Reino Verde (Green Kingdom Energy in English), the special-purpose company that will own and operate the project. The other 50% is owned by investors and executives of AGRICORP - a large agribusiness company in Nicaragua. The agreement was signed with a global Engineering, Procurement and Construction (EPC) company that will provide the power plant engineering and equipment, and guarantee the plant’s performance.

 

VIASPACE CEO, Dr. Carl Kukkonen, reported, “In addition to the clean, renewable energy power plant and Giant King Grass plantation which represent our business interest in Nicaragua; my wife, family and I, with help from VIASPACE and AGRICORP, are providing charitable support for an organization in Nicaragua to help poor families and abused teenage girls. The Missionaries of Charity, founded by Mother Teresa in India, operate a program in a poor area of Granada, Nicaragua, that shelters and educates 30 teenage girls who were removed from their families because they were abused. They also have a preschool for children in the neighborhood, and provide meals and clothing for the poor.  My wife, Noreen, collects used clothes in our community that I bring to Nicaragua on my frequent trips. She is taking the lead on this and accompanies me on some of my trips to Nicaragua, where she sometimes teaches English to the girls. The missionaries have asked for help in obtaining computers for their school. They have had none, up until now. Computers that may be considered obsolete in the US are still fine for their classrooms. VIASPACE has contributed some laptop computers, and AGRICORP is also doing so. Additional donations would be welcomed. If anyone is interested, please contact us through the VIASPACE e-mail or phone number below.”

 

Pictures from the Missionaries of Charity in Nicaragua are available on the VIASPACE Facebook page www.facebook.com/viaspaceinc.

 

About VIASPACE Inc.

VIASPACE grows renewable Giant King® 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 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, Hawaii, St. Croix Virgin Islands, Nicaragua, South Africa, China, Myanmar, Pakistan, Philippines and Guyana.  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, 2014, and other factors over which VIASPACE has little or no control.