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Green
Star
Products,
Inc. (GSPI) |
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1-800-741-7648 |
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E-MAIL:
info@gspi.com |
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Green Star Products, Inc. Outlook for
2016
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SALT LAKE CITY, UT , April 25, 2016 (GLOBE NEWSWIRE) --
Today the President of Green Star Products, Inc. (PINKSHEETS:
GSPI), Joseph LaStella, reviewed the progress of the
Company made in 2015 and assesses the company's outlook
for 2016.
Mr. LaStella stated, “In order to reduce our expenses
and increase our exposure to foreign markets the Company
adopted a new business strategy wherein GSPI would
license other green companies to sell our products and
these companies would reciprocate allowing us to sell
their green products through GSPI. This is a long term
strategy to increase our domestic market and enter
international markets without increasing the Company’s
financial expenditures. This has worked especially well
for GSPI in successfully reducing our operating
expenditures by 52% and increasing our profit margins by
over 27%.”
GSPI has engineering expertise, advanced technologies
and products which span several industries. Therefore,
we have many opportunities to team up with several
organizations to pursue mutually beneficial markets for
our businesses, as follows:
Nano-Lubrication Division
Our lubrication and cleaning products for the firearms
and machine shops industries are sold by Modern Spartan
Systems (www.modernspartansystems.com) and also see the
TVT Green website (www.tvtgreen.com). These superior
multiple lubrication products have begun to impact
several industries. The websites have multiple videos
that clearly indicate the advantage of our nano-products.
These products have been sold to many military,
government and industrial organizations. Customers,
including manufacturers, have been convinced by
conducting their own certified lubricant tests which
have been very similar to the impressive website video
demonstrations.
GSPI is presently delivering product to the USA and
China and expects 2016 to be a banner year for these
products. Green Star is in the process of expanding the
production facilities for TV Green products in
anticipation of larger orders in 2016.
GSPI as Engineering Consultant and Technology
Provider
GSPI has rendered consulting services for several
companies including an electric car manufacturer and a
microalgae production company. In 2015, GSPI built and
operated, under contract, a 70,000 liter premium
showcase algae production facility located near South
Las Vegas Boulevard in Las Vegas, Nevada.
The successful results of this demonstration facility
have warranted an expansion by owners in Mexico who
furnish premium organic fertilizers for the farming
sector. GSPI will continue to play an important role as
engineering consultant and technology provider for this
operation in Mexico.
GSPI has also been offered an opportunity to build and
operate algae facilities in China from Chinese
representatives who have visited the demonstration
facility in Las Vegas. We will continue to negotiate our
business strategy position for this opportunity.
Alternate Fuel Industry
In February 2014, the President of GSPI received a
high-tech loop reactor patent (US Pat. #8648209). The
loop reactor is the backbone of 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
the various 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. Although the biodiesel industry in the
United States has waned because of the continuing high
cost of feedstock and low fuel oil prices, this is not
true in many foreign markets. These markets are
searching for long term solutions to satisfy the demands
for renewable energy and reduced carbon footprint. GSPI
continues to occupy a respected position in this
industry as a premium biodiesel provider and continues
to receive inquiries from foreign countries that are
interested in the future of the biodiesel production
industry.
Advanced Nano-Coatings
Green Star is also marketing a variety of advanced
coatings (nano-coatings) which offer significant thermal
resistance and strong rust protection for industrial
applications. These products offer huge energy savings
and long term infrastructure protection. The Company has
participated in successfully completing a four building
project at an important United States military facility
in the past. At the same time, we have concentrated
heavily on introducing these products into China and
other Asian markets. The Chinese marketplace has been
difficult to break into because they do not accept most
of the test work done by outside entities. GSPI has had
an office in Beijing for several years, which has
integrated both private firms and government agencies to
bridge this gap. The Company has been successfully
completing all of the required tests in China. GSPI has
been delivering minor orders to China and recently has
participated in a significant delivery of product to a
major Asian client through our China representatives.
GSPI anticipates much larger orders in 2016 through the
completed successful test and demonstration program
which we have diligently pursued during the past couple
of years in China.
In conclusion, Mr. LaStella and GSPI expect 2016 to be
an exciting technological year for Green Star and we
fully expect that we have emerged into a profit
producing mode directly related to our new business
strategy. The year 2015 was the first year to produce a
net profit (although modest) since our revenue producing
years in 2007 and 2008 before the economic decline in
the United States and world markets.
About Green Star Products
Green Star Products, Inc. (PINKSHEETS: GSPI) is an
environmentally friendly public company dedicated to
creating innovative and 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, coatings,
additives and devices that reduce emissions and improve
fuel economy in vehicles, machinery and power plants.
For more information please visit http://www.gspi.com,
email us at jplastella@yahoo.com or call us at
1-800-741-7648.
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.
CONTACT:
Joseph LaStella
President
Green Star Products, Inc.
jplastella@yahoo.com
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Please Click Below to See
Additional Green Star
Products, Inc. Websites: |
tvtgreen.com
TVT Green Lubricants and
Protectors |
ucpc.com
Universal Cleaner and
Protectant, One Step, All Purpose |
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Green
Star
Products,
Inc.
(GSPI) |
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©1992-2016 Green Star Products, Inc.
All rights reserved. |
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