SALT LAKE CITY, UT -- (Marketwire) -- 10/07/11 -- Green Star Products, Inc. (PINKSHEETS: GSPI) announced today that they have successfully continued the expansion of their product lines in several different industries.
Mr. Joseph LaStella, President of Green Star Products, stated: 'Early this year we announced the adoption of a new business strategy directed at increasing our revenues. This sales plan would include not only products developed and manufactured by Green Star but also capitalizing on high-tech company relationships which we have secured in past years.'
Green Star's existing product line includes Italian Gun Grease (http://www.ecosolutionsgroup.com) sold by Eco Solutions Group, lubricants for highway vehicles and railroads, coating products sold by Innovasol Coatings, LLC (http://www.innovasol.com), special lubricant products sold as TVT Green (http://www.tvtgreen.com), and other products which have been developed through requests from diverse industries in the United States and other countries.
New products to be launched early in 2012 include high temperature coatings for buildings, expansion of Italian Gun Grease products to include additional lubricants for various firearms, special lubricants for the fishing tackle industry and complete cleaning and lubrication kits for the gun and fishing industries. Green Star has also developed a new biodegradable engine flush for automobiles which is being tested in China.
Mr. LaStella went on to state: 'All of our key products have been successfully tested in a variety of industries in many countries. These countries include China, India, Russia, Mexico, E.U. and the United States. Since May 2011, testing has continued on additional new products. We expect significant increases in sales of all our products in the last quarter of 2011 and quarter by quarter in 2012.
'There has also been a significant increase in interest in our core business which is alternative fuels, especially in the biodiesel and algae industries. Green Star and its associated consortium companies are continuing to receive 'request for proposals' on alternative energy projects. We believe that 2012 will see the fruition of ongoing projects which will produce revenue from our core business: alternative sustainable fuels.'
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 clean up the environment. GSPI and its Consortium are involved in the production of green sustainable goods including renewable resources like algae biodiesel and clean-burning biofuels, cellulosic ethanol and other green products, as well as lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information visit http://www.GreenStarUSA.com, or call 1-800-741-7648 and 1-800-340-9784, fax 619-789-4743, or email info@GreenStarUSA.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.
Green Star Products, Inc.