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VIASPACE Director Purchases Additional 4 Million Shares Of Common Stock On The Open Market, Interviews With Green Baron Report And VIASPACE CEO In Malaysia

Stocks in this article: VGREFVSPC

 

IRVINE, Calif., Feb. 7, 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 its CEO Carl Kukkonen and newest Board of Directors member Dr. Kevin L. Schewe conducted an exclusive audio-taped webcast interview on The Green Baron Report.

The Green Baron Report previously released an updated Green Baron "Stock Pick" profile on VIASPACE on Monday, November 7, 2011 and provided a webcast interview on November 22.  

Unrestricted access to the webcast is now available on the "Webcasts" page at http://www.thegreenbaron.com/Webcasts.htm.  Investors who wish to receive The Green Baron Report for free can join at http://www.thegreenbaron.com/Join.htm.

The interview is summarized below.

Question:  Carl and Kevin, thank you for joining us for this audio-taped webcast interview.  We at The Green Baron Report continue to be excited about the positive direction that VIASPACE continues to demonstrate.  To start with, please introduce yourself and tell us briefly about your experience and background that will lend to the future success of VIASPACE.

Phil, thank you for having us on the program. I'm particularly pleased to be able to share the interview with Dr. Kevin Schewe, the new VIASPACE board member.

As to my background, I am trained as a theoretical physicist with a PhD from Cornell University. I worked at Ford Motor Company in Dearborn Michigan where I initially did physics research and then moved into alternative energy. I was Ford's expert on hydrogen as an alternative automotive fuel and I led a team to design and develop a new direct injection diesel engine.  I then worked for 14 years at the NASA Caltech Jet Propulsion Laboratory in Pasadena California where I directed a research center in electronics and computing technology. In 1998, the president of Caltech said that he wanted to commercialize more technology from the Jet Propulsion Laboratory and I left my secured job to form a startup company. Originally we were focused on commercializing technologies licensed from NASA and the products came via the space program. This is how we got the company name VIASPACE. Now VIASPACE focuses on biomass energy using our proprietary high yield energy crop Giant King Grass-- which has nothing to do with the space program.

Now I'd like to introduce Dr. Kevin Schewe who is a renowned cancer specialist and entrepreneur from Denver, Colorado. He is also one of VIASPACE's largest shareholders. He was appointed to the board of directors at our meeting on January 19.

I am a Medical Doctor and a Board-Certified Radiation Oncologist in my 25th year of private practice of Oncology. I am the Medical Director of a beautiful, new radiation oncology department at the Red Rocks Medical Center in Golden, Colorado and also the Thornton Cancer Center in Thornton, Colorado. I designed and co-own these two facilities in partnership with HealthONE, the Colorado Division of Hospital Corporation of America (HCA) -- the largest private operator of healthcare facilities in the world. I am an entrepreneur and have developed a premium line of skin care products called Elite Therapeutics. These products help to naturally heal, protect, repair, and subsequently maintain the damaged skin of cancer patients who have received radiation therapy and/or chemotherapy. Since they can help this extent of skin damage, they can also help anyone with skin damage from aging, dryness, UV exposure, other illnesses or environmental causes. Later this spring, Elite Therapeutics will become the exclusive in-room amenity provider for the world famous Broadmoor Hotel in Colorado Springs, Colorado. Our website address is www.elitetherapeutics.com

Question:  Carl – Before our focus turns to the press release issued on January 24, please provide us an overview of VIASPACE and discuss your most important developments going on now.

VIASPACE focuses on bioenergy and biofuels. We have a proprietary dedicated energy crop called Giant King Grass that can be used to generate clean renewable electricity, produce liquid biofuels, biochemicals and bio plastics.  Giant King Grass has the highest yield per acre of any crop in the world and this makes it the lowest cost feedstock. Giant King Grass has been tested by many companies and independent laboratories. It is an extremely well-characterized and dependable fuel and feedstock.

In order to get an energy project financed by equity investors or lenders, the project must have a long-term secure fuel supply agreement. Lenders and investors will not finance a biomass project that does not have a guaranteed source of fuel. Giant King Grass gives projects both fuel security and a low feedstock price.

Over the last three years we have invested over $3 million to develop Giant King Grass and to demonstrate it in a pilot plantation and a pilot processing facility. Many potential customers and strategic partners have visited our plantation and processing facility. Giant King Grass is now widely recognized as an attractive energy crop, and customers are coming to us.

Giant King Grass is not a food crop, is sustainably grown and carbon neutral. Because of its high yield, Giant King Grass can meet the price targets for the fuel or feedstock for all bioenergy projects.

I am joining the interview today from Kuala Lumpur, Malaysia where I am meeting with a potential joint venture partner. This partner visited us and has seen Giant King Grass and is looking to develop a power project in Malaysia.

Then I go on to Thailand where we are working with Seema Energy which is developing a 90 MW biomass power plant complex based entirely on Giant King Grass.  This would be the largest biomass energy plant in Asia and the first one to use a dedicated energy crop.

We are also working with a partner to develop a Giant King Grass plantation and pellet mill in the Dominican Republic. The pellets would be shipped in bulk in ocean freighters to an electric utility in Europe.

We are working with partners on other potential bioenergy projects in the Philippines, Indonesia, Central and South America, and Africa.

Question:  Last week on January 24, it was announced that VIASPACE appointed you, Dr. Kevin Schewe, to the Board of Directors.  It also notes that you are a large shareholder of VSPC common stock having acquired 77 million common shares with a goal to acquire another 53 million shares.  It is clear through your purchases that you have positive conviction in the future of VIASPACE and believe your investment will grow over time.  Please explain how you were originally introduced to VIASPACE and why you believe this is going to be a profitable stock investment for your portfolio.

I have a separate portfolio for microcap and smallcap stocks and enjoy investing in smaller companies that have a reasonable probability of future success and therefore significant appreciation and return on investment. I particularly have focused on companies related to technology, energy and biotech. I originally discovered VIASPACE about three years ago and subsequently made a small investment in VSPC common stock. Once the investment actually becomes a part of my portfolio, I then watch it every day and research the company's activities more rigorously. The VIASPACE focus of bioenergy and biofuels with the proprietary dedicated energy crop of Giant King Grass that caught my attention in a big way! I started to research the renewable energy sector and realized that we, VIASPACE, are on the leading edge of what should become a major component of the future of renewable energy.

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