VIASPACE Press Release

VIASPACE CEO CONDUCTS LIVE INTERVIEW ON CHARTPOPPERS.COM

03/15/2011

CEO Also Provides Additional Comments on Biomass Versus Nuclear Energy & Reports That VIASPACE is Seeking a Senior Project Development Executive

Irvine, California, USA-March 15, 2011-VIASPACE Inc. (OTC Bulletin Board: VSPC) and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF) announced that a new audio interview with CEO Dr. Carl Kukkonen is available at ChartPoppers.com/iReports.   

Dr. Kukkonen adds to his recorded remarks, "The interview was conducted last week before the earthquake and tsunami in Japan.  VIASPACE has many good friends in Japan, and I want to express my sorrow for the tragedy."

"The ensuing nuclear emergency is also a setback for low carbon energy in the world. Although controversial, nuclear electricity plants present a potential large-scale low carbon replacement for coal-fired power plants.  Both nuclear and coal provide day and night electricity with large-scale capabilities of 1000 MW or more.  In contrast, solar provides transient electricity only during the daytime and wind on windy days. I believe that natural gas will play a larger role in electricity production in the future, as will biomass.  A large biomass power plant today produces 30 MW of electricity. Therefore 33 new biomass power plants are required to replace a single 1 MW nuclear or coal plant. It will be an era of smaller, more distributed electric power generation. Giant King Grass with its high yield and low cost can play an important role in the biomass electricity future."

Giant King Grass pellets can replace up to 20% of coal in existing power plants to reduce carbon emissions, and it can be used as a feedstock for new transportation fuels such as cellulosic ethanol, butanol and green gasoline.

VIASPACE is seeking applicants for a new position of Senior Manager of Bioenergy Project Development to lead biomass power project development efforts for the company. The job description is posted on several websites including http://biofuelsdigest.jobamatic.com/a/jbb/job-details/460335.

About VIASPACE

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.  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 [email protected].

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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.