Welcome!

News Feed Item

Green Star Products, Inc. Outlook for 2014

SALT LAKE CITY, UT -- (Marketwired) -- 01/24/14 -- Today the President of Green Star Products, Inc. (PINKSHEETS: GSPI), Joseph LaStella, assessed the outlook for GPSI for 2014.

Mr. LaStella stated, "Early in 2011 Green Star announced a new business strategy to increase revenue for the company without requiring additional capital investment by licensing sales of our line of environmentally friendly products to other companies. In 2012 we saw significant spending by many of these potential new partners on research into and future marketing of our products. GSPI at that time also formed alliances with other green companies to offer their products to Green Star's customer base as well."

GSPI manufactures high tech, cutting edge lubricants, cleaners and protectors for sporting goods equipment such as in bicycling, boating, motor sports and other recreational markets, as well as for the automotive, trucking and other heavy industries in the United States and in other countries. Exclusive distribution agreements and new orders with various manufacturers are now in place and pending. Users have shown avid acceptance of these products at trade shows and through personal testing. We anticipate strong customer demand in 2014.

Green Star Products has also been a manufacturer of biodiesel refining facilities for over 13 years. Although in the United States support for continued use of biodiesel in fuel markets has been weak, due to high biodiesel feedstock prices, this is not true for the rest of the world. In other countries around the world fuel prices are twice those in the United States.

Recently, after nine years of patent pending status, Joseph LaStella, President of Green Star, was notified that his high-tech loop reactor patent will be issued in the near future. The loop reactor is the backbone of the highly efficient biodiesel plants manufactured by Green Star Products. Most present day biodiesel production systems require up to three hours and three different processes to convert feedstock oils through a transesterification process to produce crude biodiesel. The loop reactor does all these processes in one step and in less than five minutes. The issuance of this patent continues to propel GSPI into the forefront of this industry.

Green Star is also marketing a variety of advanced coatings offering strong, rust and thermal resistance with 15 year field warranties. The company participated in successfully completing a four building project at an important U.S. Government facility in 2011. At the same time, we have concentrated heavily on introducing these products into China and other Asian markets. GSPI has had an office in Beijing for over two years. The Chinese marketplace has been difficult to break into because they do not accept most of the test work done by outside laboratories and government entities.

Working in the United States and China, Green Star has been deeply involved in assisting both private firms and governmental agencies in successfully completing these tests. To date we have passed many of these trials and we anticipate 2014 as being a significant revenue producing year for our China market.

And finally, Green Star Products is also recognized as a leader in the algae industry. We have proceeded with several research and development programs during the year 2013 and plan to continue expanding R&D in 2014. These programs include our participation with private companies and universities as well as federal agencies. We have also introduced our algae technology into the Chinese market.

However, this exciting new algae industry has yet to produce a really successful commercial venture for any company. Each year the breakthroughs in research by GSPI and other organizations bring the algae industry closer to being the perfect solution for environmental concerns, energy demand and the manufacture of other products including human and animal food and hydrocarbon based materials such as pharmaceuticals, chemicals and composites.

Algae can grow as quickly as doubling in size every six hours, and that is a fast way to produce food and oil. The biggest challenge remains in sustaining this growth over time, in which we have already demonstrated our capability with our advanced proprietary nutrients and processes. Algae growth requires only sunlight, salt or brackish water, some mineral nutrients, consumption of the over abundant greenhouse gas, carbon dioxide and in exchange, the subsequent release of beneficial oxygen into the air.

In conclusion, we expect 2014 to be an exciting technological year for Green Star and we fully expect that we have emerged from a very difficult economic downturn over the past five years to produce our first revenue and profit quarters in 2014.

About Green Star Products
Green Star Products, Inc. (PINKSHEETS: GSPI) is an environmentally friendly public company dedicated to creating innovative cost effective products to improve the quality of life and the environment. GSPI and its consortium are involved in the production of green sustainable goods including renewable resources such as algae based biodiesel, cellulosic ethanol and other clean-burning biofuels, as well as other green products including lubricants, cleaners, protectors, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants.

For more information please visit call: 1-800-741-7648 or 1-800-340-9784, email: [email protected] and visit: www.gspi.com.

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, new products and technological changes, dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic filings.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Join IBM November 2 at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how to go beyond multi-speed it to bring agility to traditional enterprise applications. Technology innovation is the driving force behind modern business and enterprises must respond by increasing the speed and efficiency of software delivery. The challenge is that existing enterprise applications are expensive to develop and difficult to modernize. This often results in what Gartner calls ...
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.