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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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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China Technology Development Group Corp. is an integrated clean energy group focused on solar energy products and solutions in China. The company today announced a Stock Purchase Agreement with China Technology Solar Power Holdings Ltd. (CTSPHL Group) in which CTDC will become the majority shareholder of CTSPHL Group by acquiring a 51 percent equity interest in the company.

Operating through its subsidiary, CTSPHL Group is developing a 100MW grid-connected solar power plant project in Delingha City of Qaidam Basin in Qinghai Province, Northwestern China.

Per today’s announced agreement, CTDC and CTSPHL Group will work together to develop the Delingha 100MW Solar Project, a collaboration that CTDC says it believes will help it reach its goal of becoming an integrated solar company engaged in the design, building and operation of solar power plants.

“We are very pleased to become a controlling shareholder of CTSPHL Group. This marks a significant step that CTDC has

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VIASPACE is a clean energy company focused on providing products and technology that reduce or eliminate dependence on fossil fuels and other high-pollutant energy sources. Through its subsidiaries, the company provides raw material for cellulosic biofuels; develops and markets fuel cartridges, products and technology for methanol fuel cells; markets rechargeable lithium-ion batteries; and develops security-related monitoring and detection technology and systems for military/defense and commercial applications.

Through its renewable energy subsidiary, VIASPACE Green Energy, the company grows a fast-growing non-food grass that can be harvested four times a year. This proprietary grass is used for producing low carbon liquid biofuels such as cellulosic ethanol, methanol and green gasoline for transportation, as well as partially or completely replacing coal to reduce carbon emissions from electric power plants. Cellulosic biofuels made from non-food sources offer environmental and economic advantages over food crops, like corn, and

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Oct. 14, 2009 (Business Wire) — Green Star Alternative Energy, Inc. (Pink Sheets: GSAE; “GSAE” or the “Company”) (http://www.greenstarae.com) is pleased to announce that an analysis of the Veliko Gradiste zone demonstrates the potential for 50MW of wind energy development. As per the agreement with the municipality, Green Star is exploring the economic viability of the region’s wind resources to determine whether to exercise the right to develop wind power and supply the area with green electricity.

The Company’s wind resource engineer, MSc. Nikola Vasiljevic, has sited three separate micro locations in his report: two in Ram and one in Deliblatska Pescara. Plans to erect one of the Company’s wind sensors at the Ram site are underway. The Municipality of Veliko Gradiste is located in north-east Serbia approximately 100 km east of the capital, Belgrade. Its territory encompasses 344 square km on the right bank of the

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Although clean energy was once a rather leading edge concept, it is increasingly becoming a commodity item. How much, when and where are now the real issues to consider. In terms of solar power, kilowatt/hr is the issue. If the cost per kilowatt hour can be reduced, the company that can achieve is the one that will profit. Finding the company that can provide that less cost with a solid product is the way to profit in a market that is increasingly becoming more accepted.

GT Solar International Inc., a manufacturer of solar power equipment manufacturing components, works to supply the solar power industry with manufacturing equipment for the manufacture of solar power units. The company involves itself in all aspects of the solar power equipment manufacturing process from equipment manufacture to waste containment. At the company’s basic level, the manufacture of silicon ingots, for use in solar cells, constitutes the

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October 13, 2009 - Washington, DC... EcoAlign, a strategic marketing agency focused on energy and the environment, today released the results of the sixth EcoPinion Survey to test consumer awareness and acceptance of terms used by the media and energy industry for messaging and communications around energy conservation, clean energy and smart grid.

Oct. 12, 2009 (Business Wire) — Premier Power Renewable Energy (OTCBB: PPRW), a global leader in the development, design, engineering and construction of solar power systems for commercial, government and utility markets in the U.S. and Europe, today announced that Dean Marks, President and Chief Executive Officer, and Stephen Clevett, Executive Vice President, will present at the Security Research Associates Growth Stock Conference on Monday, October 19th at 12:30 pm ET. The conference is being held at the Omni Berkshire Place in New York City.

Conference attendees will include a select group of institutional portfolio managers and analysts, and will feature CEOs and CFOs from some of the fastest growing companies in the micro and small cap spaces.

Premier’s management will be available for one-on-one meetings with institutional investors on both October 19th and 20th. Please contact the MKR Group at 323-468-2300 to arrange a one-on-one meeting.

About Premier Power

Premier Power

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Premier Power Renewable Energy, a global provider of large and small-scale solar power systems, recently announced that the company has received contracts for more than 400 kilowatts of solar rooftop installations in Spain. Leading the solar power markets in the United States, Spain and Italy, these commercial rooftop projects will utilize crystalline modules provided by General Electric, two of which are agricultural operations. Premier Power expects to complete all three projects by the end of December 2009.

Bjorn Persson, executive vice president of European operations for Premier Power, stated, “We continue to see substantial growth opportunity in Spain for rooftop and building integrated solar energy systems. The macro economic environment and rising electricity costs are driving commercial property and business owners to invest in solar energy systems as a way to offset these higher costs.” He continued, “With a majority of Spain’s rooftop solar energy targets unmet, and increased incentives to

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Sep. 22, 2009 (Business Wire) — Premier Power Renewable Energy (OTCBB:PPRW), a global leader in the development, design, engineering and construction of solar power systems for commercial, government and utility markets in the U.S., Spain and Italy, today announced that it received signed contracts for more than 400 kilowatts (kW) of solar rooftop installations in Spain this past week.

These commercial rooftop projects will utilize crystalline modules provided by General Electric. All three commercial installations are being funded by the owner and operator of the business, two of which are agricultural operations. Premier Power expects to complete all three projects by the end of calendar 2009.

“We continue to see substantial growth opportunity in Spain for rooftop and building integrated solar energy systems,” said Bjorn Persson, Executive Vice President of European operations for Premier Power. “The macro economic environment and rising electricity costs are driving commercial property and business owners

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