VIASPACE Green Energy reports net loss of $4.5 million for 2012

In Georgia, VIASPACE reported a net loss for 2012 of $ 4,539,000 compared to a net loss in 2011 of $7,932,000, a decrease of $3,393,000. Mr. Sung Chang, President of VIASPACE Green Energy stated, “The fourth quarter of 2012 represented the first quarter that we have reported revenues derived from the sale of Giant King Grass pellets in China.” He also reported, “We are seeing the pellet market in China grow and expect our Giant King Grass pellets to help supply this demand. At this time, we are searching for more land to expand our Giant King Grass plantation and install an additional pellet mill.”