WILLIAMSBURG, KY -- 09/04/09 --
Global Green Cars, Inc. (GGCI) announced
today that it will proceed with its plan to build an electric vehicle
production facility in the State of Kentucky.
Earlier this year, Governor Steven L. Beshear of the State of Kentucky
pledged his support for this electric vehicle production facility and on
May 28, 2009, the Kentucky Economic Development Finance Authority approved
a $15.5 million dollar financial incentive package for GGCI to build this
facility.
Global Green Cars announced its commitment to go forward with this plan on
September 1, 2009, which was announced by Kentucky media the same day.
Please see media coverage and webcast video by WYMT News on September 1,
2009, at http://www.wkyt.com/wymtnews/headlines/56667702.html
GGCI had been waiting to simultaneously announce this commitment with the
unveiling of their 2010 G-3 Electric Truck model. The unveiling took place
at the Rocky Mountain Speedway in Utah last week (see GSPI's press release
and video at http://www.greenstarusa.com/news/09-08-31.html).
The Company plans on completing the transition of their personnel and
operations from Idaho to Williamsburg, Kentucky by October 2009. Global
Green Cars is planning to produce first stage vehicles in 2010 in a
temporary facility and to scale up to mass production in 2011 in a new
facility built to meet anticipated demand for its electric vehicles.
Upon completion of the building, assembly lines and logistical peripheral
structures, the new facility in Williamsburg will be capable of producing
up to 30,000 electric cars and trucks per year.
About Global Green Cars
Global Green Cars (GGCI) is a private company with an International
Automobile Consortium of auto industry partners, part suppliers, and
electric vehicle component suppliers that have strategic plans for mass
production of high performance electric vehicles in the United States and
abroad. Green Star Products is a strategic alliance partner providing
engineering and technology to the GGCI Consortium. For more information
visit http://www.GlobalGreenCars.com.
About Green Star Products
Green Star Products, Inc. (PINKSHEETS: GSPI) is an environmentally friendly
company dedicated to creating innovative cost-effective products to improve
the quality of life and clean up the environment. Green Star Products and
its Consortium are involved in the production of green sustainable goods
including renewable resources like algae biodiesel and clean-burning
biofuels, cellulosic ethanol and other products, as well as lubricants,
additives and devices that reduce emissions and improve fuel economy in
vehicles, machinery and power plants. For more information, see Green Star
Products' web site at http://www.GreenStarUSA.com, or call Public Relations
at 1-800-741-7648 and 1-800-340-9784, or fax 619-789-4743, or email
info@GreenStarUSA.com. Information about trading prices and volume can be
obtained at several Internet sites, including http://www.bloomberg.com and
http://www.bigcharts.com under the ticker symbol "GSPI."
Forward-looking statements in the release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks
and uncertainties, including without limitation, continued acceptance of
the company's products, increased levels of competition for the company,
new products and technological changes, the company's dependence on
third-party suppliers, and other risks detailed from time to time in the
company's periodic filings with the Securities and Exchange Commission.
CONTACT:
Joseph LaStella
President
Green Star Products, Inc.
800-741-7648
800-340-9784
619-864-4010
619-789-4743 (fax)
info@GreenStarUSA.com
