GSPI Green Star Products Inc (PK)

Green Star Products, Inc., (OTC: GSPI) today announced that it plans to expand its U.S. government technical proposal team to meet the expansion of the U.S. government recently advanced $3 billion funding program for renewable energy projects.

The U.S. Department of Energy (DOE) and the U.S. Department of the Treasury on July 31, 2009, announced they are now accepting applications for a program that will make direct payments in lieu of tax credits to companies that create and place in service renewable energy facilities. The two Departments estimate distributing at least $3 billion in financial support to approximately 5,000 biomass, solar, wind, and other types of renewable energy production facilities. The funding for this effort is made available through the American Recovery and Reinvestment Act.

Said Secretary Steven Chu: “This program will play a major role in encouraging private sector capital to invest in clean energy development, creating new jobs that can't be outsourced. It is an investment that will continue to help our economy grow and ensure advancement in clean and renewable energy development.”

“As we move quickly to get our economy back on track and to repair the financial system, we must make investments that lay the foundation for a stronger economic future,” said Treasury Secretary Timothy Geithner. “Too many renewable energy projects have stalled due to a lack of financing. The Recovery Act program will lead to investment in our long-term energy needs, moves us towards energy independence, increase jobs at energy-specific businesses, and protect our environment.”

Mr. Joseph LaStella, President of Green Star Products, stated, “The current global green movement has become a huge marketplace for the products and services that Green Star has developed and marketed for the last 16 years.” Green Star Products together with its consortium partners are now active in four distinct green industrial applications, which are: biodiesel production, algae production and processing as feedstock for both biodiesel (“Green Star Announces Odessa Biodiesel Plant Completed and Has Produced Spec Fuel” http://greenstarusa.com/news/08-11-25.html) and cellulosic ethanol ("Green Star Announces Biorefinery and Electric Car Plans at Stockholders Meeting" http://greenstarusa.com/news/09-03-11.html), electric vehicle production (“Global Green Cars Expands Its Electric Vehicle Product Line” http://greenstarusa.com/news/09-07-13.html) and advanced lubrication (“Ukrainian Railways to Test Green Star's Advanced Lubrication Products” http://greenstarusa.com/news/09-07-29.html). All these industry segments are leading candidates for government funding programs.

Mr. LaStella further stated, “Green Star must now expand its strategic alliances and company management and technical personnel to take advantage of these unique opportunities. Green Star has pursued and developed these green technologies long before it was considered a new industry.”

About Green Star Products

Green Star Products, Inc. (OTC: GSPI) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products 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 products, as well as lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information, see Green Star Products' Web site at http://www.GreenStarUSA.com, or call Public Relations at 1-800-741-7648 and 1-800-340-9784, or fax 619-789-4743, or email info@GreenStarUSA.com. Information about trading prices and volume can be obtained at several Internet sites, including http://www.bloomberg.com and http://www.bigcharts.com under the ticker symbol "GSPI".

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

Green Star Products (PK) (USOTC:GSPI)
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