GreenGold's (Symbol: GRYE) CEO Travels to Europe - Confirms Status of Biodiesel Refinery Plant & Visits USA
August 24 2009 - 9:18AM
Marketwired
Green Gold Ray Energies, Inc. (PINKSHEETS: GRYE) announces that CEO
Manolo Tecson is scheduled for a September trip to England, Germany
and Switzerland, to confirm the final status of the biodiesel oil
refinery units. Six months have passed since the discussions and
negotiations with several biodiesel manufacturers in Europe have
been made. This ocular visit should finally close the deal of
acquiring this major capital equipment purchase of GreenGold.
Each of these manufacturers had presented units that are
designed to produce from 1,000,000 to 3,000,000 gallons of oil per
year or 8,000,000 to 10,000,000 liters of oil per year. These oil
refineries are ready for inspection with shipping delivery should
the closing agreement be finalized.
CEO Tecson's visit also includes a stopover in the USA. A
four-day visit in New York City is to meet with several potential
Wall Street investors interested in investing with GreenGold. The
final stopover is a visit in Corpus Christi, Texas for an ocular
visit of the proposed purchase of 200+ acres of agricultural land
-- the sites for the GRYE's USA expansion (1) construction of
biodiesel oil refinery plant; (2) development of jatropha
plantations.
About GreenGold Ray Energies, Inc.
GreenGold Ray Energies, Inc. (PINKSHEETS: GRYE) is a rapidly
growing biodiesel, green technology, environmentally friendly and
alternative-renewable energy company. The Company has already
solidified its position through a highly successful land
acquisition program, acquiring large parcels of land through
working alliances and joint venture partnership with landowners and
growers, ideal for the cultivation of the jatropha curcas plant.
Jatropha curcas grows almost anywhere, even on gravelly, sandy and
saline soils. Jatropha oil can be processed to produce a
high-quality biodiesel that can be used in a standard diesel car,
while the residue can also be processed into biomass to power
electricity plants.
Forward-Looking Statements
Forward-looking statements in this release include statements
regarding the Company's projections regarding biodiesel, biofuels
other alternative energy explorations and extractions in future
periods. Penny Stocks are highly speculative and may be unsuitable
for all but very aggressive investors. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
CONTACT: Investor Relations: Bret Reiss, President World Stock
Exchange, LLC Phone: 718-785-9609 ext 1 E-mail: Email Contact
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