QualityStocks News - VIASPACE Giant King Grass Seed Planted in St. Croix; Company Launches Facebook and Twitter Accounts

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Plans are to develop a 6 MW biomass energy project fueled by a 1,000 acre Giant King Grass plantation

VIASPACE project with Tibbar Energy on St. Croix is now moving forward with all due speed...

QualityStocks would like to highlight VIASPACE (OTCBB: VSPC), a clean energy company providing products and technology for renewable and alternative energy that reduce or eliminate dependence on fossil and high-pollutant energy sources. Through its majority-owned subsidiary VIASPACE Green Energy Inc., the company grows Giant King Grass as a low-carbon fuel for electricity generating power plants, as a feedstock for bio methane production and cellulosic biofuels, and for other low-carbon, renewable energy products.

In the company’s news yesterday,

VIASPACE announced that Giant KingTM Grass is now growing in St. Croix, US Virgin Islands. The initial small shipment of Giant King Grass was sent to Tibbar Energy USVI LLC from VIASPACE’s California location. Tibbar plans to develop a 6 MW biomass energy project fueled by a 1,000 acre Giant King Grass plantation.

Earlier this week, Tibbar Energy placed a full-page advertisement in the main newspaper on the island as part of its public education campaign. The headline in the ad reads “Tibbar Energy USVI Introduces Giant King Grass to St. Croix.”

The text of the ad includes the following:

“How does GKG Help St. Croix?

Tibbar Energy USVI is developing a biomass renewable energy project on St. Croix. The Giant King Grass will be used as a feedstock for anaerobic digestion, generating biogas which will be used to produce electricity. No grass is burned in this process. Anaerobic digestion is a biological process.
The benefits of this project to the island are not only in the energy production. Additional benefits include:

  • The branding of St. Croix as a renewable energy producer
  • Helping to meet the Virgin Islands renewable energy goal of 22% by 2025
  • Provides organic fertilizer for local farmers, agricultural scholarships and new agricultural activity
  • Developing co-operative growing agreements with local famers
  • Creates high quality permanent jobs.
  • Converts 800 acres of underutilized land to agricultural use
  • Invests millions of dollars into the island”

Tibbar is an exclusive partnership with VIASPACE to grow Giant King Grass on St. Croix. Slated to be underway in 2013 and fully on-line by Q1 2014, the project is anticipated to generate more than 20 full-time jobs with a total projected economic benefit of $150 million (over the life of the project) to the community through its agricultural and power generation components.

VIASPACE Chairman, Dr. Kevin Schewe, stated, “The VIASPACE project with Tibbar Energy on St. Croix is now moving forward with all due speed as evidenced by this public relations campaign to educate the people of St. Croix regarding the multiple, significant benefits of continuously renewable, green bioenergy using Giant King Grass to produce local electricity. Our partnership with Tibbar Energy on St. Croix will be a model green energy project that can be readily duplicated elsewhere.”

VIASPACE also announced that the public can connect with the company via Facebook (http://www.facebook.com/viaspaceinc) and Twitter (http://www.twitter.com/viaspace). The company aims to bring investors and industry experts together through social media while delivering VIASPACE, renewable energy, and other industry-related news. VIASPACE is eager to reach out to new audiences that are interested in clean, renewable green energy.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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