Green Star Products, Inc. (Pink Sheets: GSPI) and its Consortium will be auctioning the U.S. licensing rights to a proprietary algae growth biotechnology on September 9, 2010. Currently, the algae business is being kept from commercialization due to produce enough biomass. The technology needed to surpass this obstacle is now available and will be licensed at auction later this year.
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The auction is going to be held in Wall Street District and will be coordinated by a major financial institution. The bidding is going to start at $5 million and only 50 seats will be made available to pre-qualified bidders. The successful bidder will be licensed the algae growth technology which has been tested and shown to increase algae growth by up to and over 200% in 6 day growth cycles.
Green Star Products, Inc. (PINKSHEETS: GSPI) is an environmentally friendly public company dedicated to creating innovative, cost-effective products to improve the quality of life and clean up the environment.
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