GSPI Completes Joint Venture To Distribute Lubrication Products Worldwide; TVT 24/7 Super Lubricants Makes Debut at Las Vegas SEMA Show
CHULA VISTA, Calif.--Nov. 2, 2005--Green Star Products, Inc. (OTC:GSPI) announced today that it has completed a Joint Venture arrangement with NRG Resources Inc. (NRG) to distribute GSPI's lubricant products worldwide. NRG will be making their debut in the Las Vegas SEMA Show (Nov. 2, 2005nd thru 5th), which is the largest truck and car products show in the U.S.NRG launched the newly named "TVT 24/7" product line in Mexico City at the International Truck Show, where the TVT 24/7 product impressed an international audience.
Recently GSPI & NRG signed a Joint Venture contract to produce a full line of fuel and oil additive products based on the GSPI-TVT product line.
The Joint Venture's office will be based in the newly completed Million Dollar Fulfillment Production facility located in Chula Vista, Calif. The Chula Vista Facility also incorporates an automated bottling line. The first 50 barrel order (enough to fill 30,000 bottles) will be processed this next week.
GSPI has successfully marketed its TVT product in China for the past 4 years with an aggressive television marketing campaign. TVT has successfully recorded over five hundred million miles in vehicles on China roads. TVT 24/7 is an advanced formulation developed jointly by NRG and GSPI engineers.
NRG also brings an extensive International Marketing Team to expand TVT 24/7 sales worldwide.
NRG is based in Orange County with staff representation in 10 countries in Central and South American and a multi-lingual staff covering Russia, China, India and the European Union.
The NRG 24/7 line includes engine oil additives, fuel additives, machine cutting oil including computer operated CNC machines, which use water soluble cutting oils. Extensive industrial field trials have proven the TVT 24/7 product reduces machine and engine wear, engine frictions, increases production, reduces energy consumption and significantly reduces Global Warming effects by lowering CO2 emissions from all applications.
Green Star Products, Inc. is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. GSPI is involved in the production of renewable clean-burning biodiesel and other products including lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information, see GSPI'S Web site at http://www.GreenStarUSA.com or call Investor Relations at 619-864-4010, or fax 619-789-4743, or email info@GreenStarUSA.com. Information about trading prices and volume can be obtained at several Internet sites including http://www.bloomberg.com and http://www.bigcharts.com under the ticker symbol "GSPI."
Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers and other risks detailed from time to time in the company's periodic filings with the Securities and Exchange Commission.