Business
Green Star Products, Inc. Outlook for 2016
Green Star Products, Inc. Outlook for 2016.
About this update from Green Star Products, Inc.
[{"type":"text","content":"\n\n SALT LAKE CITY, UT , April 25, 2016 (GLOBE NEWSWIRE) -- Today the President of Green Star Products, Inc. (PINKSHEETS: GSPI), Joseph LaStella, reviewed the progress of the Company made in 2015 and assesses the company's outlook for 2016.\n Mr. LaStella stated, “In order to reduce our expenses and increase our exposure to foreign markets the Company adopted a new business strategy wherein GSPI would license other green companies to sell our products and these companies would reciprocate allowing us to sell their green products through GSPI. This is a long term strategy to increase our domestic market and enter international markets without increasing the Company’s financial expenditures. This has worked especially well for GSPI in successfully reducing our operating expenditures by 52% and increasing our profit margins by over 27%.” GSPI has engineering expertise, advanced technologies and products which span several industries. Therefore, we have many opportunities to team up with several organizations to pursue mutually beneficial markets for our businesses, as follows: Nano-Lubrication Division Our lubrication and cleaning products for the firearms and machine shops industries are sold by Modern Spartan Systems (www.modernspartansystems.com) and also see the TVT Green website (www.tvtgreen.com). These superior multiple lubrication products have begun to impact several industries. The websites have multiple videos that clearly indicate the advantage of our nano-products. These products have been sold to many military, government and industrial organizations. Customers, including manufacturers, have been convinced by conducting their own certified lubricant tests which have been very similar to the impressive website video demonstrations. GSPI is presently delivering product to the USA and China and expects 2016 to be a banner year for these products. Green Star is in the process of expanding the production facilities for TV Green products in anticipation of larger orders in 2016. GSPI as Engineering Consultant and Technology Provider GSPI has rendered consulting services for several companies including an electric car manufacturer and a microalgae production company. In 2015, GSPI built and operated, under contract, a 70,000 liter premium showcase algae production facility located near South Las Vegas Boul...