VIASPACE Director Purchases Additional 3 Million Shares of Common Stock on the Open Market, VIASPACE CEO Presents at Energy, Utility and Environment Conference
IRVINE, Calif., Feb. 21, 2012 /PRNewswire/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC), a clean energy company growing Giant King™ Grass as a low-carbon, renewable biomass dedicated energy crop, and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF), today announced that an invited presentation on Giant King Grass was made by CEO Carl Kukkonen at the 15th annual Energy, Utility and Environment Conference held January 30 – February 1, 2012 in Phoenix, Arizona which is now available at the VIASPACE website www.viaspace.com. The presentation is titled "Giant King Grass – Dedicated Energy Crop for Bioenergy and Biofuels".
The conference at the Phoenix Convention Center attracted 1800 attendees and 200 exhibitors. It is the largest professional and networking event of its kind in the US. Kukkonen noted, "The conference gave me an opportunity to discuss Giant King Grass which is a superior dedicated energy crop with high yield and energy content for bioenergy and biofuels applications. Over the next few weeks I will be traveling to Malaysia and Thailand to meet with current and potential customers." The Company will soon be issuing an update regarding Dr. Kukkonen's progress from the Malaysia and Thailand trip.
Since the VIASPACE press release dated February 7, 2012, VIASPACE Director, Dr. Kevin L. Schewe, has purchased an additional 3 million VSPC common shares on the open market. Dr. Schewe has purchased 7 million VSPC common shares since his appointment to the Board of Directors in January 2012 and now preferentially holds 84,000,000 common shares. Dr. Schewe remarked, "I am actively executing on my previously stated plan to acquire a total of 130,000,000 common shares, in other words, 10% of the outstanding common shares. I cannot overemphasize my passion and enthusiasm for the future value of our proprietary product, Giant King Grass, and its numerous green bioenergy and biofuels applications. I am now taking an active role in the Company's business tactics and will be personally meeting with Dr. Kukkonen later this week when he returns from his trip to Malaysia and Thailand. The Board of Directors and Management Team together are working hard to fine tune our overall Corporate strategy to make this year our 'tipping point' for the future of Giant King Grass and the value of our Company."
About VIASPACE Inc.
VIASPACE is 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. 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 any future results, levels of activity, performance or achievements 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, 2010, as well as general economic and business conditions; the ability to acquire and develop specific products and technologies; changes in consumer and business demand for the Company's products; competition from larger companies; changes in demand for alternative and clean energy; risks associated with international transactions; risks related to technological change; and other factors over which VIASPACE has little or no control.
SOURCE VIASPACE Inc.