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Greenbelt Resources Corporation Moves Headquarters to Minneapolis/St. Paul
EAGLE GROVE, Iowa, Oct 12, 2007 -- Greenbelt Resources (Pink Sheets:GRCO), the leading innovator in the development of practical and economical alternative energy technologies, announced today that it has chosen Minneapolis/St. Paul as its new base of operations. The company's wholly owned subsidiary, Diversified Ethanol Corporation, will also be moving their operation along with their parent company.
The relocation, effective November 1, 2007, provides many advantages over its current location. "Judging by the demand and early success that both companies have experienced, we are on the cusp of rapid growth," commented Robert Johnson, Greenbelt Resources' CEO. "During this time, and into the future, we will need access to a broad pool of talent locally and internationally, which the move will provide as the location puts us on the doorstep of a major international airport and within easy reach of a diversified workforce."
Shareholders will be invited to tour the facility, located at 1601 Southcross Boulevard in Burnsville, Minnesota, following the company's Annual Shareholders meeting scheduled for November 5th at 10:00 A.M. in the City of St. Paul Offices, South St. Paul.
The company's website (www.GreenbeltResources.com) will soon reflect new phone numbers and additional changes associated with the move. CEO Johnson says "We may be without phone service for 1 or 2 days at the most and ask for everyone's understanding during the move." He also reflects that the internet contact, info@diversifiedethanol.com will be functioning.
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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.