Greenbelt Resources Corporation Posts Financials, Upgrades Investor Communications

Greenbelt announced operations and financial updates to improve investor relations and company transparency. The company posted 2009 financials and reported progress on the company roadmap related to focus on the success of Diversified Ethanol Corporation pilot plant and R&D facility.

Apr 23, 2010, 18:58 ET from Greenbelt Resources Corporation

BURNSVILLE, Minn., April 23 /PRNewswire-FirstCall/ -- Greenbelt Resources Corporation (Pink Sheets: GRCO) recently announced operations and financial updates to improve investor relations and company transparency. The company posted 2009 financials  and reported progress on the company roadmap. Financials were included in a shareholder letter mailed in March and added to the website on the new investor communication webpage.

In 2010 Greenbelt will focus on business opportunities for subsidiary Diversified Ethanol Corporation. Diversified designs, develops and deploys solutions for converting waste into advanced biofuel and other byproducts. The Diversified pilot plant and R&D facility build-out is substantially completed and strategically located in Paso Robles, California, enabling engagement with target customers.

The new management team, led by CEO Darren Eng, is preparing the company for growth by solidifying the corporate foundation and bringing its administrative status up to date. To increase scrutiny of company administration, attorney Darren Hereford was elected company Secretary. Additionally, CFO Ivan Braverman completed and submitted company taxes for fiscal years 2006, 2007 and 2008.

Greenbelt changed its transfer agent to Pacific Stock Transfer, reachable at (702) 361-3033 for stock certificate inquiries. Shareholders and prospective investors can register for email updates on company financial and operations announcements at www.greenbeltresources.com/investors.html.

About Greenbelt Resources Corporation

Greenbelt Resources Corporation™ is committed to developing and implementing technology that makes alternative fuel reliable, practical, and efficient. The company is dedicated to delivering business solutions with integrity and perpetually high quality control through intelligent support services. Greenbelt Resources subsidiary Diversified Ethanol Corporation™ provides end-to-end waste-to-ethanol solutions designed to establish a highly efficient installed network of customer-owned modular ethanol plants providing localized processing of locally generated waste into locally consumed ethanol. The company's ethanol plants are built around the award winning Butterfield Closed Cycle System™. Founded in 2001, Greenbelt Resources Corporation is a public company trading under the symbol GRCO.PK. For more information including how to contact the company, visit Greenbelt Resources on the web at www.greenbeltresources.com.

This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks & uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history & history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.

Contact:

Amelia J-Lewis

APB Communications

(503) 703-7894

amelia@apbcomm.com

Darren Eng

(310) 567-4844

Greenbelt Resources Corporation

darren@greenbeltresources.com

SOURCE Greenbelt Resources Corporation



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