Waste Recovery, Inc. Announces Name Change to GreenGold Ray Energies, Inc.
Posted on: Wednesday, 30 July 2008, 15:01 CDT
GreenGold Ray Energies, Inc. (PINKSHEETS: WRII) announces the completion and final approval by NASDAQ of Waste Recovery, Inc.'s corporate actions with the change of name to GREENGOLD RAY ENERGIES, INC.
This corporate action will take effect at the open of business 7/31/2008. The new symbol on this date will be GRYE.
The Board of Directors also amended the articles of incorporation to decrease the company's Authorized Common Shares from 4.0 Billion to 75,000,000 Million, and its Issued and Outstanding Common Shares by means of a 10,000:1 Reverse Split, prior to the issuance of the Post Split common shares on the effective date of July 31, 2008. So as not to hurt small shareholders, the minimum number of shares that any shareholder will have due to the rounding up of fractional shares, for shareholders holding 1,000,000 and less of the Pre-Split common stocks (PINKSHEETS: WRII), is one hundred (100) shares.
ABOUT THE COMPANY:
GreenGold Ray Energies, Inc. (GGRE) is a rapidly growing biodiesel, green technology and environmental energy company. The Company has already solidified its position through a highly successful land acquisition program, acquiring large parcels of land ideal for the cultivation of the jatropha plant. Jatropha curcas grows almost anywhere, even on gravelly, sandy and saline soils. Jatropha oil can be processed to produce a high-quality biodiesel that can be used in a standard diesel car, while the residue can also be processed into biomass to power electricity plants (for more information about the jatropha plant, click HERE: http://en.wikipedia.org/wiki/Jatropha_biodiesel).
Forward-Looking Statements
Forward-looking statements in this release include statements regarding the Company's projections regarding biodiesel, biofuels other alternative energy explorations and extractions in future periods. Penny Stocks are highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: Investor Relations HarDeep Phone USA 1-718-785-9609 ext. 1 e-mail: Email Contact
SOURCE: GreenGold Ray Energies, Inc.
Source: MARKET WIRE
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