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Greenbelt Resources Partners with RSM McGladrey, Inc. to Safeguard Financial Security and Shareholder Value
EAGLE GROVE, Iowa, Oct 04, 2007 -- Greenbelt Resources (Pink Sheets:GRCO), the leading innovator in the development of practical and economical alternative energy technologies, today announced that it has retained RSM McGladrey, Inc., to oversee its internal accounting and financial reporting responsibilities. RSM McGladrey, Inc. along with McGladrey & Pullen, LLP is a leading national CPA firm focused on meeting the audit and accounting needs of midsized companies.
"As we continue to build momentum in the alternative energies marketplace, it is doubly important that our stockholders know that our management team is devoted to our shared financial success," said Robert Johnson, CEO of Greenbelt Resources Corporation. "It is of utmost importance that we can trust and rely on our corporate partners. This partnership with RSM McGladrey, Inc., a leader in the renewable energy industry, should send a clear signal that financial accountability is one of our top priorities."
Greenbelt Resources has expanded this relationship with RSM McGladrey, Inc. to include its subsidiary, Diversified Ethanol Corporation. Diversified Ethanol is an international leader in the design and construction of small and midsize modular ethanol plants.
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This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks & uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history & history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.