VIASPACE Inc., a clean energy company providing products and technology for renewable and alternative energy, this morning reported its financial results for the third quarter ended September 30, 2009.

Revenues totaled $1.23 million, including $1.06 million from the late-2008 strategic acquisition of Inter-Pacific Arts, Inc. (IPA), and $171,000 primarily from Ionfinity’s military contracts for monitoring and detection systems. Gross profit for the quarter was reported at $473,000, including $455,000 related to IPA. Comparatively, third-quarter 2008 revenues were $99,000 and gross profit was $23,000.

Operating expenses for the quarter declined to $1.05 million from $2.82 million as a result of lower research and development expense and lower selling, general and administrative expense. Stock-based compensation and stock-option expense for the quarter totaled $458,000, compared to $1.32 million in third-quarter 2008.

Operating loss for the quarter narrowed to $574,000 from operating losses of $2.8 million in third-quarter

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Biofuels Market - covers one of the industries expected to grow dynamically. Government initiatives and the large demand for green fuel are expected to attract investments in the sector. In order to meet renewable energy targets, implementation of certain policies have been forecasted. This is expected to boost the market.

VIASPACE Inc. is a clean energy company focused on products and technology that reduce or eliminate dependence on fossil fuels and other high-pollutant energy sources. The company is developing revenue streams in targeted segments of the renewable and alternative energy markets through two of its subsidiaries – in the renewable space, VIASPACE Green Energy and in the alternative energy space – Direct Methanol Fuel Cell Corporation.

For the renewable energy markets, the company’s subsidiary – VIASPACE Green Energy – is cultivating Giant King Grass, a proprietary, fast-growing perennial grass. This grass will be used for the production of non-food, low carbon liquid biofuels for transportation and as a renewable, low-carbon substitute for coal now being burned as the heat source in stationary electric generating power plants.

In order to generate recurring revenues, the company is pursuing long-term contracts in this area to supply

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Washington, DC - November 16, 2009 - The U.S. Departments of Agriculture and Energy, on Nov 12th, announced projects selected for more than $24 million in grants to research and develop technologies to produce biofuels, bioenergy and high-value biobased products.

VIASPACE Inc., a clean energy company growing Giant King(TM) Grass as a renewable, low carbon, energy crop, announced this morning that its Chief Executive, Dr. Carl Kukkonen, will be presenting the company’s Giant King Grass at the Next-Generation Biofuels Feedstocks USA Conference to be held November 16-17, 2009, at Le Meridien Hotel in San Francisco.

Contrived to identify renewable energy feedstocks with the most potential, the conference will be attended by leading experts, business executives, investors and others to discuss the challenges and opportunities in next-generation biofuels feedstocks. The conference will also compare how existing and next-generation feedstocks impact the environment. Prices, market trends and yield potential will also be considered in the comparisons.

VIASPACE Chief Executive Dr. Carl Kukkonen commented, “Whether biomass is used to generate electricity or as feedstock for producing green gasoline, price, supply reliability, technical performance and environmental effects

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A Green Energy Investing Guideline

by Louise Harris, Investment U Research

Typically, when investors think about making money from climate change, they think about buying shares of companies that specialize in biofuels or alternative or green energy.

But those aren’t the only ways to profit from the green movement.

Deutsche Bank Group (NYSE: DB) recently conducted in-depth research, analyzing climate change and the cost of combating it. And a few very interesting conclusions came from it…

More capital is required to mobilize climate change industries and more action by government is required to attract capital. When governments offer tax incentives and create integrated plans to combat climate change, investors are attracted. Carbon markets could offer long-term solutions to investors trying to find a niche in the climate change debate.

And there are countries out there doing just that.

The Greenest Countries

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BlueFire Ethanol Fuels, Inc., a pioneer in cellulosic ethanol production via its proprietary conversion process utilizing concentrated acid hydrolysis, disclosed today that their CEO, Arnold Klann, will attend the 4th Annual Cellulosic Biofuels Summit (CBS) next week on Nov. 17. The event will be held in Washington, D.C.

Standing alongside executives from across the cellulosic biofuel industry, such as Dr. Kristina M. Johnson, Under Secretary for the Department of Energy, and Bob Dinneen, President and CEO of the Renewable Fuels Association, Klann will help resolve financing issues facing the industry.

Klann expressed BFRE’s pleasure at participating in the CBS and emphasized the importance of funding challenges faced by the entire industry. Klann cited BFRE’s Concentrated Acid Hydrolysis Technology Process as being a commercially-ready, proven and patented vehicle whereby non-foodstock urban, agricultural and forestry waste (collectively biomass) could be converted to ethanol, while growing the industry. Klann went on to say

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VIASPACE Inc., a clean energy company growing Giant King(TM) grass as a renewable, low carbon, energy crop, announced this morning that it has applied to the U.S. Patent and Trademark Office to trademark “Giant King” as a unique brand of grass.

Interest in, and demand for, Giant King grass continues to grow as energy producers seek next-generation feedstock to reduce dependence on high-polluting fossil fuels. Compared to other agricultural feedstock now being used for biofuels and biomass, Giant King grass has advantageous growing characteristics and superior technical performance. VIASPACE sees substantial business potential in establishing Giant King grass as the leading brand for renewable energy feedstock.

VIASPACE Chief Executive Dr. Carl Kukkonen stated, “VIASPACE has created global interest in Giant King grass, and it is becoming apparent that its unique characteristics and tested performance provide a strong basis for establishing Giant King grass

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BlueFire Ethanol Fuels, Inc. received a reimbursement from the Department of Energy (DOE) for $3.8 million, signifying a continued commitment by the current administration and the DOE to bolster such alternative energy sources.

The liquidity provided by this reimbursement will allow BlueFire to capitalize the development of its second ethanol plant, to be located in Fulton, Mississippi. BlueFire is currently operating under a $40M grant from the DOE received in 2007.

BlueFire’s ethanol refining from non-food cellulosic biofuel is achieved via its fully operational, and proprietary, Concentrated Acid Hydrolysis Technology Process. This technology presents a robust solution to the disposal of waste plant matter and a powerful framework for agricultural production of high-yield cellulosic feedstock. The forms of ethanol produced are competitive with gasoline and commercially ready for use in an existing market infrastructure.

CEO of BlueFire, Arnold Klann was quoted as saying, “The DOE’s continued financial support coupled with the

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ExxonMobil (NYSE: XOM) Has the Eye of the Tiger

Tony Daltorio, Investment U Research

ExxonMobil (NYSE: XOM) is one of those companies people love to hate.

The firm racks up billions in profits each year, yet it’s been sluggish to develop green technologies (although that’s slowly changing now), despite a $600 million investment into an algae-based biofuels project.

Some critics, including major shareholders, also criticize the company’s overly conservative management. They say that Exxon has a poor strategy for future growth and is too slow to replace its reserves.

With limited investment into finding new sources of oil and gas, ExxonMobil has instead spent $109 million to buy back shares and increase dividends by 58% over the past five years.

Last year alone, Exxon returned $40.1 billion to shareholders through buybacks and dividends, amounting to 154% of its capital

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