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Greenbelt Resources Corporation Comments on Current Events
EAGLE GROVE, Iowa, Jul 31, 2007 -- Greenbelt Resources Corporation (Pink Sheets:GRCO) wishes to publicly acknowledge the exciting news that possible wrongdoing against the company is being officially investigated.
Greenbelt Resources Corporation is anxious for the investigation to conclude with stiff penalties for the offenders. The company states that shareholders deserve to have a full explanation, but it won't come from the company. The company is not interested in stooping to a public debate, especially in light of the nature of what the authorities may be revealing about the other party. The company believes it is best to avoid potentially expensive public debate and let a judge tell the world what happened. Greenbelt Resources Corporation wants vindication, and justice. The company states that it will continue to cooperate with the authorities and provide any information that may be helpful to bring about justice.
CEO Robert Johnson said, "While we're all very happy to see the good news of past relationships being investigated, and while we look forward to being publicly vindicated, we will not focus on looking back but rather focus on our area of expertise and on the future of our company's growth. Many exciting things are taking place currently in the company and regular news releases will be forthcoming in the weeks ahead."
The company website, presently located at www.ONYIonline.com will be moved to its new home at www.GreenbeltResources.com soon.
About the company: Diversified Ethanol, a subsidiary of Greenbelt Resources Corporation, manufactures small ethanol plants. The plants are modular in design, and compatible with a wide variety of feedstocks. The plants are scaleable, upgradeable, and compatible with future technology. The company has an award-winning ethanol plant design and a dairy management system that pays for itself, utilizing energy produced from waste. The company website is located at: www.diversifiedethanol.com
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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.