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Green Energy Resources, Inc. to Build Three Woodchip Bulk Carriers

August 2, 2004

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Green Energy Resources, Inc. today called for tenders from shipbuilders in the US for fast-track construction of three new panamax class woodchip carrier style ships.

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(Free-Press-Release.com) August 2, 2004 -- Green Energy Resources, Inc. to Build Three Woodchip Bulk Carriers

Green Energy Resources, Inc. (formerly New York International Log and Lumber Co) (OTC.PK: NYIL) www.nyill.com today called for tenders from shipbuilders in the US for fast-track construction of three new panamax class woodchip carrier style ships. The three ships would range from 2.5 million cubic feet (cbf), to 3.8 million cubic feet (cbf). They would be first ever American built woodchip carrier ships exporting exclusively from American ports. Financing for the ships is arranged through title XI and the ccf (capital construction fund) for ships built in USA shipyards under the federal ship financing guarantee program, similar to "Project America".

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