Green Star Continues on Course to Its Large Scale Commercial Production of Algae...

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Thu Oct 23, 2008 11:02am EDT

Green Star Continues on Course to Its Large Scale Commercial Production of Algae Biodiesel

GLENNS FERRY, Idaho--(Business Wire)--
Green Star Products, Inc. (OTC: GSPI) today announced that
fabrication work is continuing for its planned two 500-acre algae to
biodiesel commercial production facilities.

   Green Star is one of the only companies in its field that has
existing in-house capabilities to fabricate and assemble the equipment
required for the biodiesel processing and the algae oil production.
Work has continued at its 90,000 sq. ft. fabrication plant in Glenns
Ferry, Idaho.

   Actual ground breaking for these two locations will begin early
next year. Green Star expects much of the equipment requirements for
these two facilities to be completed before ground breaking. One of
these facilities will be located in Missouri (see press release titled
"Saline County Missouri Approves $141 Million Revenue Bonds for
Alternative Energy" dated July 31, 2008) and the second facility will
be located in a northwestern state with details disclosed later this
year.

   Joseph LaStella, President of Green Star Products stated, "Every
day, you can hardly pick up a newspaper or a magazine or visit an
online news service without reading about the latest 'fantastic news'
regarding some new company or an existing company making another new
breakthrough in the production of algae. These companies are touting
the benefits of algae in solving all the energy and food problems
without publishing anything to substantiate their claims."

   Mr. LaStella further stated, "Green Star Products, in 2007,
operated one of the largest demonstration facilities for nine months,
which encompassed a 40,000-liter semi-production facility. The final
demo facility report was released in February 2008 and contains
18-pages of its achievements. The facility was successful in reaching
all its pre-determined goals."

   According to Mr. LaStella, more and more outlandish claims are
being made in the algae arena that keep repeating what Green Star has
been stating for several years now, and each time it is stated like it
was just discovered yesterday. These statements include all of the six
main characteristics of algae which Green Star has printed at least
three times in its early reports to the public. These factors are so
important that they are worth repeating here again:

   1. Algae produce 100 times more oil per acre than traditional food
oilseed crops such as soy, etc. (Note: Algae produces 4,000 gallons of
oil per acre per year versus 50 gallons per acre for soy.)

   2. Algae eat CO2, the major Global Warming Gas, and produce
oxygen.

   3. Algae require only sunshine and non-drinkable (salt or
brackish) water.

   4. Algae do not compete with food crops for either agricultural
land or fresh water.

   5. Algae can reproduce themselves and their oil every 6 hours,
while it takes Mother Nature millions of years to produce crude oil in
the ground.

   6. Algae oil byproduct is a highly nutritious protein-rich food
(30-50%), which will someday help feed the world.

   Furthermore, other companies in the industry are finding out one
by one that tubular reactors will never be cost effective in producing
algae for fuel as Green Star quoted long ago. Green Star believes that
its duty is to at least educate new investors on the real
state-of-the-art algae developments:

   According to Mr. LaStella, it is a well know fact in the algae
community that most of the existing facilities that operate do not
accurately disclose any of their production figures or technology
systems to the public. They do not publish this data to their
competitors, therefore, industry data cannot be relied upon. Also,
none of these facilities produce commercial oil. Many produce high-end
products such as beta carotene or Spirulina.

   According to Mr. LaStella, further, the companies who do publish
an exorbitant amount of technological and production data are mostly
based on computer projections and not on actual systems. These
companies are primarily focused on raising capital or small laboratory
size models. These include most of the so called "big algae names"
floating around the internet with unsubstantiated information and so
called "new methods" which really have failed in the past and have
totally unproven figures.

   According to Mr. LaStella, some producers are concentrating on
algae that "grow in the dark" (that grow without sunlight for its
energy source). These algae require sugars as their energy source,
produce CO2 (like humans) and cannot be used to sequester CO2 and
reduce global warming. Using sugar from food crops for fuel raises
question again about using food for fuel. CO2 sequestration was one of
the main objectives of the NREL 17-year study, which is directly
linked to the reduction of Global Warming.

   Mr. LaStella further stated, "While other companies are totally
encased in secrecy, GSPI published a detailed 18-page report outlining
the detailed achievements of the project. However, none of the patent
pending intellectual property is disclosed in this report.

   "In summary, to understand the 'algae world' requires real
dedication, hands-on experience, reading and deciphering and
understanding the thousands of pages of credible books and studies
based on more than 50 years of analytical and scientific experience,
and after this tedious research is completed the analysis will reveal
the successes and failures of the past. We do not want to reinvent the
wheel, we only want to push the wheel further to its
commercialization. That is where Green Star started their research
several years ago and believe that it is ahead of his competitors."

   We suggest to investors or interested parties to do their due
diligence before investing in any alternative fuel company. We also
recommend you to see the 18-page document on the GSPI website
(http://www.greenstarusa.com/reports/08-05-09GSPIAlgaeDemoReport.pdf);
the recently released analyst report by Beacon Equity
(http://beaconequity.com/main/Page-data/Adpages/GSPI); "Chapter 1 -
The Real Root of Today's Energy and Financial Crisis" from Mr.
LaStella's new unpublished book titled "National Birthright"
(http://www.josephlastella.com/natlbirthright_chapter1.pdf); and the
300-page NREL Aquatic Species Program report
(www.nrel.gov/docs/legosti/fy98/24190.pdf).

   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.pinksheets.com, 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, Inc.
Joseph LaStella, President
800-741-7648
800-340-9784
619-864-4010
619-789-4743 (fax)
info@GreenStarUSA.com

Copyright Business Wire 2008
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