Click here to close now.

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
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
Countless business models have spawned from the IaaS industry. Resell Web hosting, blogs, public cloud, and on and on. With the overwhelming amount of tools available to us, it's sometimes easy to overlook that many of them are just new skins of resources we've had for a long time. In his General Session at 16th Cloud Expo, Phil Jackson, Lead Technology Evangelist at SoftLayer, broke down what we've got to work with and discuss the benefits and pitfalls to discover how we can best use them to d...
"We have seen the evolution of WebRTC right from the starting point to what it has become today, that people are using in real applications," noted Dr. Natasha Tamaskar, Vice President and Head of Cloud and Mobile Strategy and Ecosystem at GENBAND, in this SYS-CON.tv interview at WebRTC Summit, held June 9-11, 2015, at the Javits Center in New York City.
Enterprises are turning to the hybrid cloud to drive greater scalability and cost-effectiveness. But enterprises should beware as the definition of “policy” varies wildly. Some say it’s the ability to control the resources apps’ use or where the apps run. Others view policy as governing the permissions and delivering security. Policy is all of that and more. In his session at 16th Cloud Expo, Derek Collison, founder and CEO of Apcera, explained what policy is, he showed how policy should be arch...
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Com...
It is one thing to build single industrial IoT applications, but what will it take to build the Smart Cities and truly society-changing applications of the future? The technology won’t be the problem, it will be the number of parties that need to work together and be aligned in their motivation to succeed. In his session at @ThingsExpo, Jason Mondanaro, Director, Product Management at Metanga, discussed how you can plan to cooperate, partner, and form lasting all-star teams to change the world...
Internet of Things (IoT) will be a hybrid ecosystem of diverse devices and sensors collaborating with operational and enterprise systems to create the next big application. In their session at @ThingsExpo, Bramh Gupta, founder and CEO of robomq.io, and Fred Yatzeck, principal architect leading product development at robomq.io, discussed how choosing the right middleware and integration strategy from the get-go will enable IoT solution developers to adapt and grow with the industry, while at th...
SYS-CON Events announced today that Harbinger Systems will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Harbinger Systems is a global company providing software technology services. Since 1990, Harbinger has developed a strong customer base worldwide. Its customers include software product companies ranging from hi-tech start-ups in Silicon Valley to leading product companies in the US a...
SYS-CON Events announced today that ProfitBricks, the provider of painless cloud infrastructure, will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. ProfitBricks is the IaaS provider that offers a painless cloud experience for all IT users, with no learning curve. ProfitBricks boasts flexible cloud servers and networking, an integrated Data Center Designer tool for visual control over the...
The 4th International Internet of @ThingsExpo, co-located with the 17th International Cloud Expo - to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA - announces that its Call for Papers is open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than
"We got started as search consultants. On the services side of the business we have help organizations save time and save money when they hit issues that everyone more or less hits when their data grows," noted Otis Gospodnetić, Founder of Sematext, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
"CenturyLink brings a full suite of services to the table and that enables us to be an IT service provider," explained Jeff Katzen, Director of the Cloud Practice at CenturyLink, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
DevOps is about increasing efficiency, but nothing is more inefficient than building the same application twice. However, this is a routine occurrence with enterprise applications that need both a rich desktop web interface and strong mobile support. With recent technological advances from Isomorphic Software and others, it is now feasible to create a rich desktop and tuned mobile experience with a single codebase, without compromising performance or usability.
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.