Green Energy Resources (PKS: GRGR) Purchasing New England Pellet Mill

Green Energy Resources (PINKSHEETS: GRGR) looks to purchase a fully operational New England wood pellet mill. Terms of the purchase were not disclosed and are subject to financing. The mill has capacity to produce upwards of 10,000 tons monthly and could generate approximately $24 million dollars annually in gross revenues for the company.

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Green Energy Resources is a supplier of the mill with wood biomass. The pellet mill has excellent logistical location for export, and domestic supply. The Pellet manufacturer is currently producing bagged pellets for the US retail wood stove markets. The acquisition would greatly enhance Green Energy's ability to meet a growing US commercial demand and a very competitive European export market.

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