VIASPACE Inc. (OTCQB:VSPC) today announced that Board Chairman, Dr.
Kevin Schewe, conducted a detailed interview with Juan Costello of
the WallStreetReporter on Friday, November 30, 2012, to discuss the
recent corporate developments at VIASPACE and how the company is
positioning itself to succeed in the bioenergy sector. The full
interview can be heard using the following link:
http://www.wallstreetreporter.com/2012/12/viaspace-otcqbvspc-chairman-kevin-schewe/.
Dr. Schewe commented regarding the interview, "This was a new
investor audience to VIASPACE and I spent the first half of the
interview reviewing our history and then detailing all our recent
news announcements since the first of October. However, the last
two questions gave me an opportunity to provide an interesting
overview of our status and outlook." The following is a transcript
of the last two questions.
Question: What is your viewpoint on the opportunities
and challenges in the sector, and how are you positioning your
company to capitalize?
Answer: The opportunities are enormous and
quite literally global in scope. For example, we are currently
engaged in the various stages of new business deals in eight
different countries around the world. We have done an excellent job
of increasing the global awareness of Giant King Grass as the
highest yielding, dedicated energy crop in the world. We are not
randomly pounding on doors; new customers are now calling us and
requesting to meet with us, many of them are actually anxious to
get started with Giant King Grass projects and we get involved in
helping them with their due diligence as step number one.
Our immediate opportunities are:
1) Direct combustion of Giant King Grass to create green and
clean bioelectricity--typically a 30-90 MW power plant. By
co-locating a Giant King Grass plantation with a power plant you
eliminate transportation costs of fuel and maximize
efficiencies.
2) Anaerobic biodigestion of Giant King Grass to produce biogas
which is burned in an engine or turbine to run a generator and
produce electricity. This is what we are doing on St. Croix for 6MW
of power; typical sizes are one to six megawatts. The interesting
and intriguing byproduct of this process is organic fertilizer.
3) Giant King Grass can be pelletized and those pellets can be
co-fired with coal to reduce the carbon dioxide emissions or carbon
footprint of coal-fired electricity production. This helps meet
carbon reduction targets and can replace up to 20% of coal in an
existing coal-fired plant. We grow the grass, it's harvested, dried
and pressed into pellets and shipped in bulk like shipping
grain--in other words, Giant King Grass becomes a bio-commodity
like shipping fuel--only it's continuously renewable, green energy!
Sixteen million tons of pellets are used globally today and
estimates are that increases to 46 million tons by 2020. There is a
growing global demand for pellets, particularly Europe, Korea,
China, and Japan is also emerging. Regarding opportunity, I see
Myanmar as a perfect place to create and export pellets.
4) The low cost of Giant King Grass creates new opportunities
for commercial applications in the future, including: Cellulosic
Ethanol--by co-locating a Giant King Grass plantation and an
ethanol production facility you can reduce feedstock costs by
40-50% making cellulosic ethanol profitable. There are several
other possibilities including: bioplastics/biochemicals; pyrolysis
to bio-oil; catalytic conversion to biodiesel; biopulp for paper
and textiles.
We have business deals and partnerships evolving in Southeast
Asia, Africa, Korea, the Caribbean, the Americas including Central
America and Hawaii. We are positioning ourselves to capitalize by
focusing on Giant King Grass as the ideal, highest yielding
bioenergy platform and making it global in scope.
With regards to challenges, I would say, "Always follow the
money." From a financial perspective, the green energy sector in
general has run hot and cold over the past decade. Our challenge is
to prove to our customers and show the world, including the
investment community that Giant King Grass with its extremely high
yield can meet cost targets for energy and biofuel applications.
The high yield of Giant King Grass is crucial to make biomass
electricity competitive and affordable. Banks and investors will
not finance biomass power plants without a long term fuel supply
contract. Giant King Grass provides a reliable, well documented,
consistent quality fuel supply or feedstock with a predictable,
affordable price. We have demonstrated to our clients that they
actually save money by paying VIASPACE a license fee for high
yielding Giant King Grass as opposed to using a lower yielding,
naturally occurring biomass source.
Question: Why do you believe that your stock is worth
buying today? What do you believe are the specific growth factors
which could positively impact the stock price?
Answer: Since September 30th, I have loaned the
company $105,000 in the form of 3 monthly, secured, convertible
loans. As of this week (we filed the 8-K late yesterday), I have
already converted all 3 of those loans to common stock. Why would I
do that? Because I absolutely, positively believe that our stock is
worth buying today! Where else can you buy a stock at a penny or
pennies per share to own a company that has a transformational
green energy platform product, the unique expertise to
commercialize that product and active deals in progress in a
minimum of eight different countries literally spanning the globe?
Earlier this year, when I first joined the VIASPACE Board, I was
buying VSPC common shares on the open market. Now I am buying them
as an insider and have essentially doubled my holdings since
January 2012--I now preferentially hold nearly 130,000,000 shares
and continue to accumulate shares.
We have very minimal debt, we'll be generating new, organic
revenue in 2013 and I believe profitable in 2014. Our business
model is to collect regular, predictable license fees as Giant King
Grass is harvested by our customers over the life of their
projects--that life measured in decades. In a power plant project,
VIASPACE will not only receive the license fee from harvested Giant
King Grass, we'll also have an equity participation in the power
plant which will generate recurring revenue from the sale of local
electricity.
Our CEO, Dr. Carl Kukkonen, is literally traveling the world as
the passionate and driven CEO of VIASPACE and Giant king Grass. He
has spent more than 3 months in Myanmar this year. We are building
partnerships there, in Southeast Asia, Africa and the
Americas--including the Caribbean. Our proprietary product, Giant
King Grass, is not just any plant; it is a dedicated,
continuously renewable, bioenergy PLATFORM. When developed
and grown and used to its full potential--it is a game
changer--an enabling green technology for bioelectricity
that is nearly as competitive as coal in price but overall carbon
neutral. More importantly, it can be used, as I said, for a
platform for bioelectricity, pellets for co-firing with coal,
biofuels, biochemicals and bioplastics.
When the investment community clearly recognizes the true scope
of our current efforts, the global reach of our projects and the
revenues that we create, I believe that our share price will begin
to reflect a global company with a global product and global reach
as a huge success story in the evolution of green energy. Giant
King Grass begins as a seed and grows rapidly to 17 feet in height.
I believe that is an appropriate metaphor for investors looking at
our company at this very point in time.
Dr. Schewe commented, "I enjoyed this interview with the
WallStreetReporter and it gave me the opportunity to clearly
explain that we will be generating continuous revenues from our
Giant King Grass license fees on every project and also will
generate additional revenue from the sale of electricity in
projects where we have equity participation in the power plant. We
are actively working on both types of deals. We are shipping and
delivering Giant King Grass seedlings to several clients and will
announce those projects and deals in the near future at mutually
agreed upon times. This is an exciting time at VIASPACE and for our
shareholders."
About VIASPACE Inc.
VIASPACE grows renewable Giant King™ Grass as a low-carbon fuel
for clean electricity generation; for environmentally friendly
energy pellets; and as a feedstock for bio-methane production and
for green cellulosic biofuels, biochemicals and biomaterials. Giant
King Grass is a proprietary, high yield, dedicated biomass clean
energy crop that does not compete with or displace food
production.
The VIASPACE Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=15154
Safe Harbor Statement
Information 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 those 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, and other factors over which VIASPACE
has little or no control.
For more information, please go
to www.VIASPACE.com or contact Dr. Jan Vandersande,
Director of Communications, at 800-517-8050
or IR@VIASPACE.com.
This information was brought to you by Cision
http://www.cisionwire.com
http://www.cisionwire.com/viaspace-inc-/r/viaspace-chairman-interviews-with-wallstreetreporter-and-provides-commentary,c9346278
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