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Greenbelt Resources Corporation Announces First Earnings
EAGLE GROVE, Iowa, Aug 14, 2007 -- Greenbelt Resources Corporation (Pink Sheets:GRCO) announces it has been paid and fully earned fees on a Phase One Feasibility Study for a customer. President Robert Johnson explains, "Anyone can review what is covered in a Feasibility Study and check out the company's subsidiary website at www.diversifiedethanol.com." Johnson reflected the company's order process is first completing a Feasibility Study to ensure the project meets certain requirements and if so, they receive a purchase order and another payment. The balance is due when the plant is operational.
Jordan Moffitt, the company's National Sales Representative, having had experience with a Fagen/ICM ethanol plant, was hired by Johnson to head up the sales department & reflected, "Our wings are spread, we are going full speed, and this thing is ready to take off." Moffitt, who is paid on a straight commission, commented further that he gets more and more excited every time he visits with potential customers and says bona fide inquires are coming in from all parts of the U.S. as well as internationally.
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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.