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SOURCE VIASPACE Inc.
WALNUT, Calif., Oct. 1, 2013 /PRNewswire/ -- VIASPACE Inc. (OTCQB: VSPC) Board Chairman, Dr. Kevin Schewe, today commemorates his first year as Chairman of the Board and reviews the major accomplishments of VIASPACE during the last twelve months. He outlines our future plans, and comments on the investment value that VIASPACE brings to its shareholders and the investment market.
Dr. Schewe started, "One year ago, on October 2, 2012, I became chairman of the VIASPACE Board of Directors. In our press release that day, I said, 'Our shareholders will see a "new company" focused on providing tangible results and timely information. We want to attract new shareholders from around the world and reward our many long-term loyal shareholders with a company keen on growth and increasing share value. Our shareholders will not have to wait long to see a difference in the direction of this company.' The following day, on October 3, 2012, we announced that VIASPACE had signed a 1,500 acre Giant King Grass Supply Contract with Tibbar Energy to fuel a 7MW anaerobic digestion power plant on the island of St. Croix in the U.S. Virgin Islands. One week later, on October 9, 2012, VIASPACE announced that the U.S. Department of Agriculture had officially released Giant King Grass from quarantine and approved it for distribution in the United States. Two weeks later, on October 22, 2012, we revealed that VIASPACE had established a corporate Giant King Grass propagation nursery and demonstration test plot in California to serve as a sales showroom and source of Giant King Grass seedlings for customers. Those three successive announcements set the tone and pace of an amazing year for VIASPACE and its shareholders."
Dr. Schewe, continued, "The following additional list of major first-year accomplishments is by no means exhaustive but illustrates the background of our significant progress and the foundation for where we are going:
Dr. Schewe proceeded to explain the Company plans for the future, "VIASPACE has accomplished all the above and much, much more in the span of one year! With Giant King Grass, we have a transformational green energy platform and a highly productive, high protein animal feed product that are being rapidly rolled out and implemented on a global basis. We now have established two large lines of business for VIASPACE: animal feed and bioenergy production, AKA 'Growing Your Electricity'. The domestic and international animal feed markets are already huge, growing in demand and represent an immediate and significant market and revenue source for VIASPACE and its shareholders. The current demand for animal feed represents a sales equivalent of U.S. $300 billion worldwide and is projected to double by 2050. We can initiate and implement Giant King Grass animal feed projects any where in the world with suitable climate and irrigation/rainfall very quickly with lower capital costs than our power plant projects and generate significant revenue as we have disclosed in our Arizona animal feed project estimates. Our animal feed business line can serve as our immediate "cash cow" to generate money to grow our company and complement our plans for making Giant King Grass the world's premier dedicated bioenergy platform crop for bioelectricity, biomass pellets to co-fire with coal, biofuels, biochemicals and bioplastics. We will pursue financing and build a sales team to continue to grow our two global business lines as our financing and revenues come to fruition. We aspire to take the financial advantages of a higher stock exchange (the global NASDAQ or NYSE) at the appropriate time in our growth curve. Our constant goal is to expand our domestic and global business footprint as rapidly as possible and become the recognized leader in green, renewable bioenergy and a new force in the large animal feed universe."
Dr. Schewe concluded, "I continue to view myself as a VIASPACE (VSPC) common shareholder and the chief advocate for our common shareholders. I purchased 100,000,000 common VSPC shares on the open market prior to becoming the Chairman of the Board one year ago. Every month this past year, I have made new monthly loans and then immediately converted these loans into VIASPACE common shares. At the time of our 8-K filing last week, I preferentially held more than 151,000,000 VSPC common shares. There can be no stronger statement of perceived investment value than for the Chairman of the Board of Directors to be continually purchasing common shares as an insider. We openly invite new and existing investors/shareholders, both small and large, to catch our vision to become the global leader in commercializing Giant King Grass as the world's premier platform dedicated energy crop and as the newest innovation in meeting the ever increasing need for high quality, high protein animal feed."
About VIASPACE Inc.
VIASPACE grows renewable Giant King™ Grass as a low-carbon fuel for clean electricity generation; for environmentally friendly energy pellets; and as a feedstock for bio-methane production and for green cellulosic biofuels, biochemicals and biomaterials. Giant King Grass is a proprietary, high yield, dedicated biomass clean energy crop. Giant King Grass when it is cut frequently at 4 to 5 feet tall is also excellent animal feed. For more information, please go to www.VIASPACE.com or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or IR@VIASPACE.com.
Safe Harbor Statement
Information in this news release includes forward-looking statements. These forward-looking statements relate to future events or future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Such factors include, without limitation, risks outlined in our periodic filings with the U.S. Securities and Exchange Commission, including Annual Report on Form 10-K for the year ended December 31, 2012, and other factors over which VIASPACE has little or no control.
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