Green Energy Resources Makes Carbon Credit Trading Possible For US Municipalities, Towns And Individuals; UTCS Software a First In US Tree Inventory Innovation

July 27, 2006

Green Energy Resources (PINK SHEETS: GRGR.PK) announced today it will demonstrate its new UTCS software to company shareholders in New York in August. The UTCS software package will include a commodities index and exchange trade board for buying, and selling of certified woods for the renewable energy industry. The trade board will generate new revenue streams for the company through registration fees, membership subscriptions and advertising revenues beginning 4th qtr 2006. The exchange index establishes a commercial market forum for certified wood, or wood biomass to become certified by UTCS. Green Energy’s trade board will set uniform product standards for each facet of wood biomass within the renewable energy industry. The product demonstration will be attended by company executives including, new CFO Joseph Mcgowan. Green Industry firsts

UTCS (urban tree certification system) software features a structure for carbon emission reductions (CERs) and tradeable credits for municipalities. UTCS provides and establishes a framework for the nine (9) New England States and West Coast states in the process of developing emissions caps and trading schemes on a local and regional level. The package is designed to allow future international trades of carbon credits through the European Trading Scheme (ETS) and through the World Banks’ Clean Development Mechanism (CDM). UTCS is designed to prevent pollution and reduce use of natural resources by recycling wood waste destined for local landfills. UTCS develops a national tree inventory data bank. The software also efficiently tracks the disposal, location and storage of wood biomass for the nations energy supply into a tradeable commodity with chain of custody documentation. Green Energy Resources will own the data and thus insure its ability to supply long-term contracts and retain its competitive market share.

Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the companies’ actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings and other risks.

SOURCE:  Green Energy Resources


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