IRVINE, Calif., Jan. 5 /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC), a clean energy company growing Giant King(TM) Grass as a low-carbon, renewable energy crop, today announced that on December 31, 2009, the U. S. Securities and Exchange Commission (SEC) declared as effective the Registration Statement on Form S-1 covering the common stock of its majority-owned subsidiary, VIASPACE Green Energy Inc. (VGE). Following such effectiveness, VGE is a separately reporting public company. The registered SEC filing is available on the web at www.SEC.gov under VIASPACE Green Energy.
VIASPACE Green Energy has applied to the Financial Industry Regulatory Authority (FINRA) for permission to trade its common shares on the OTC Bulletin Board.
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. The Company grows Giant King Grass as a low carbon fuel for electricity generating power plants and as a feedstock for cellulosic biofuels. VIASPACE subsidiary Direct Methanol Fuel Cell Corporation develops fuel cartridges for direct methanol fuel cells, and owns a portfolio of fuel cell patents licensed from Pasadena-based California Institute of Technology (Caltech), which manages NASA's Jet Propulsion Laboratory, where the direct methanol fuel cell was invented. For more information, please see 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, 2008, 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.