Green Star Products Second Notice of Shareholders Meeting
June 01 2011 - 8:30AM
Marketwired
Green Star Products, Inc. (PINKSHEETS: GSPI) today announced for
the second time a Notice to its Shareholders that it has scheduled
a Special Shareholders Meeting to cancel the planned reverse stock
split of Green Star shares.
On January 2, 2011, at a GSPI Special Shareholders Meeting, the
stockholders voted to reverse split the shares of Green Star
Products one for ten. Green Star Products is now scheduling a
Special Shareholders Meeting to cancel the reverse stock split. The
Board of Directors of Green Star believes its new business
strategies have made great strides in recent months, even the last
few weeks, toward increasing GSPI's revenue. Therefore, a reverse
split of GSPI stock is not warranted.
The Special Shareholders Meeting is scheduled for June 4, 2011,
at the Little America Hotel in Salt Lake City, Utah, at 10 AM. Only
Shareholders of record on April 21, 2011 will be able to vote. GSPI
Shareholders can receive more information by visiting a direct link
at our Web site (http://www.greenstarusa.com/2011Meeting.html)
where they can also vote by completing an online form.
Joseph LaStella, President of Green Star Products, stated, "This
is a very important meeting for the Company. It should be noted
that the Company has already received approximately 35% of its
proxy votes as of today. I am happy to announce that all of the
proxies so far have voted in favor of canceling the planned 1 for
10 reverse split. Therefore, it is almost certain that the
proposition will be passed on June 4th. I would like to thank all
the Stockholders for their vote of confidence in our Company and we
look forward to a profitable year ahead."
About Green Star Products Green Star
Products, Inc. (PINKSHEETS: GSPI) is an environmentally friendly
public company dedicated to creating innovative, cost-effective
products to improve the quality of life and clean up the
environment. GSPI and its Consortium are involved in the production
of green sustainable goods including renewable resources like algae
biodiesel and clean-burning biofuels, cellulosic ethanol and other
green products, as well as lubricants, additives and devices that
reduce emissions and improve fuel economy in vehicles, machinery
and power plants. For more information visit
http://www.GreenStarUSA.com, or call 1-800-741-7648 and
1-800-340-9784, fax 619-789-4743, or email
info@GreenStarUSA.com.
Forward-looking statements in the release are made pursuant to
the "safe harbor" provisions of the Private Securities Litigation
Reform Act of 1995. Investors are cautioned that such
forward-looking statements involve risks and uncertainties,
including without limitation, continued acceptance of the company's
products, increased levels of competition, new products and
technological changes, dependence on third-party suppliers, and
other risks detailed from time to time in the company's periodic
filings.
CONTACT: Joseph LaStella President Green Star Products, Inc.
800-741-7648 800-340-9784 619-864-4010 619-789-4743 (fax)
info@GreenStarUSA.com
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