QualityStocks News - St. Croix Newspaper Features VIASPACE Giant King Grass in Front-Page Story

Story describes how alternative energy project will help meet the territory’s goal to reduce its dependence on fossil fuels 60% by 2025

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...we are achieving the kind of recognition that we believe the company deserves.

Scottsdale, Arizona (PRWEB) December 04, 2012

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. 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,

VIASAPCE announced that a front-page article with the headline “Energy Crop — Company growing Giant King Grass to produce renewable power on STX (St. Croix)” was published in the St. Croix Avis newspaper four days ago. The article stated, “Tibbar Energy USVI LLC is one step closer to developing a 6 MW power-producing facility on St. Croix after successfully planting its first batch of Giant King Grass along the South Shore to be used as a renewable energy crop to create electricity.”

VIASPACE holds exclusive rights to Giant King Grass and globally markets the crop as a low carbon, renewable replacement for coal to generate electricity and heat and as a nonfood feedstock for second-generation liquid biofuels. The Giant King Grass planting is part of a planned 1,000 acre Giant King Grass plantation. VIASPACE sent Giant King Grass to St. Croix from its California growing site.

“As Tibbar Energy begins growing Giant King Grass, it will also meet with the Public Services Commission in December,” the article said. “Tibbar Energy filed an application with the PSC October 4 for certification as a qualified facility for small power generation”. Tibbar CEO Tania Tomyn and her brother Mark said “getting approval is a routine procedure. We expect to be approved before the end of the year.”

The director of the Virgin Islands Energy Office told the Avis newspaper in October that Tibbar Energy’s project fits into the government’s clean energy roadmap, adding the project would meet part of the territory’s goal to reduce its dependence on fossil fuels by 60% by 2025. According to that director, Tibbar Energy’s 6 MW facility could power 20% of the St. Croix 30 MW baseload.

The article published last week included a picture of Giant King Grass 57 days after planting in St. Croix. Following the rapid growth expected of this crop, plants are now 40 inches tall. To see the grass for yourself, visit the following links: http://www.pricetargetmedia.com/images/tibbarenergy_king_grass_sign.jpg and http://www.pricetargetmedia.com/giant_king_grass_planting_st_croix.jpg.

The 20-year Tibbar project should be fully on-line by the first quarter 2014, generating 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 CEO Dr. Carl Kukkonen commented, “Now that Giant King Grass is being targeted for real energy projects, we are achieving the kind of recognition that we believe the company deserves. A power plant (or bio refinery) co-located with a Giant King Grass plantation that provides the fuel or feedstock is a fully scalable unit that can be replicated many times throughout the world. VIASPACE is working on developing projects in more than six different countries.”

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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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