Business
GREEN STREET CAPITAL CORP ANNOUNCES BIOENERGY JOINT VENTURE
GREEN STREET CAPITAL CORP ANNOUNCES BIOENERGY JOINT VENTURE.
About this update from Green Street Capital Corp
[{"type":"text","content":"ORLANDO, FL – (January 27, 2011) – Green Street Capital Corp. (Pink Sheets: JAGR), today announced it has entered into a joint venture agreement with Metro BioEnergy and a private investment group to form a bioenergy solutions company, Beyond Green Energy, LLC. Beyond Green Energy is owned 50% by Green Street Capital and Metro BioEnergy, and 50% by a private investment group. The $6.5 million joint venture’s multi-faceted business strategy will involve, the collection and distribution of waste vegetable oil, brown grease and other biomass feedstock; internal production of brown grease through the recycling of grease trap waste; and the distribution of internally and externally produced biofuels such as Hybrid Diesel (a form of biodiesel formulated for general distribution, competing directly with Diesel No. 6 and heavy fuel oil). Operations are expected to commence during the first quarter of 2011. It is anticipated that the joint venture will enable Green Street Capital to expand its grease trap waste recycling business in Central Florida, in addition to preselected target markets within the Eastern United States. About Green Street Capital Corporation Green Street Capital Corp. invests in the development and commercialization of new and innovative eco-friendly and environmentally responsible technologies. Together with Affordable Bio Feedstock, the company is currently engaged in the recycling of grease trap waste and the production of biomass feedstock for use in blending biofuels and other applications. You may visit the company’s website at www.gsccventure.com, or request more information by email at [email protected]. Forward Looking Statements Certain statements contained in this press release are \"forward- looking statements\" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results. Green Street Capital Corp. disclaims any obligation to update any such factors or to announce publicly the results of any revisions to any of the forward-looking statements containe...