This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

VIASPACE Director Purchases Additional 5 Million Shares Of Common Stock On The Open Market. VIASPACE CEO To Speak At 5th Annual International Biomass Conference And Expo At The Colorado Convention Center

Stocks in this article: VGREF VSPC

MARIETTA, Ga., April 16, 2012 /PRNewswire/ --  VIASPACE Inc. (OTC Bulletin Board: VSPC), and its subsidiary VIASPACE Green Energy Inc. (OTC Bulletin Board: VGREF) today reported that since March 19, 2012, VIASPACE Director Dr. Kevin L. Schewe has purchased an additional 5 million VSPC common shares on the open market. Dr. Schewe has purchased 15 million shares since joining the VIASPACE Board of Directors in January 2012, and now preferentially holds a total of 92,000,000 VSPC common shares. Additionally, Dr. Schewe will be hosting the upcoming VIASPACE Board of Directors meeting to be held in Denver later this week.

Dr. Schewe commented: "At the Corporate level, we are actively engaged in the various stages of numerous Giant King™ Grass bioenergy and related projects on multiple continents. We anticipate that when these projects come to fruition and are sequentially launched, our Company value may appreciate. As a VSPC investor, I personally have taken the long-term view to establish my stake in the Company at a time when I believe the market undervalues us during this period when our seeds of success are being sown. We are in the bioenergy business sector for the long haul and plan to excel in the burgeoning bioenergy universe. In the meantime, we will take the necessary steps to strengthen our Company and continue our growth strategy. I believe that the investment community will soon recognize our resolve and commitment to become a leader in renewable bioenergy."

VIASPACE CEO Dr. Carl Kukkonen will be presenting in the Biomass Power Session: "Cultivating Electricity: Growing the Fuels that Feed Our Power Plants" at the 5th Annual International Biomass Conference & Expo in Denver, Colorado on Tuesday, April 17, 2012. Dr. Kukkonen's invited presentation is entitled: "Integrated Energy Crop Plantation and Biomass Power Plant." During the week of the conference, Dr. Kukkonen and VIASPACE Board Members will be meeting with potential project partners and other various interested parties from the biomass and bioenergy industry. Dr. Kukkonen commented, "This is an exciting time for VIASPACE and we have several new potential bioenergy projects we are planning in which we can take the lead role provided we have the financing in place. I will be making a separate presentation with our board members to representatives in the banking and financing industry during the week. I am very pleased with the current direction of the Company and our Board's support and strategic involvement. I will be providing an update regarding this week's board meeting in the near future."  Dr. Kukkonen also noted that this press release is addressed from Marietta, Georgia, reflecting that the company has reduced overhead expenses by moving its main office to Georgia.

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. Through its majority-owned subsidiary VIASPACE Green Energy Inc., the Company grows Giant King Grass as a low-carbon fuel for electricity generating power plants, as a feedstock for bio methane production and cellulosic biofuels, and for other low-carbon, renewable energy products. For more information, please go to or contact Dr. Jan Vandersande, Director of Communications, at 800-517-8050 or

Safe Harbor StatementInformation 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, 2011, 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.


Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs