Green Energy Live Pursuing Opportunities in Growing Green Energy Sector

GRAND RAPIDS, MI -- (Marketwire) -- 01/11/10 -- Green Energy Live Inc. (OTCBB: GELV) is a growing clean energy company engaged in developing sustainable biomass-to-energy conversion solutions for the $154 billion U.S. livestock industry. Green Energy Live is pursuing opportunities to leverage its proprietary gasification technology to develop solutions for the thriving clean energy market which, according to new industry reports, is expected to achieve significant growth this year.

Bloomberg News, citing data from market research firm New Energy Finance, reported that renewable energy investment is projected to climb to a record $200 billion worldwide this year. New Energy Finance forecasts private and public spending on clean energy technology will rise approximately 50% from $130 billion in 2009 and top the previous high of $155 billion in 2008. Government spending on green energy is projected to more than double from 2009 levels to approximately $60 billion in 2010. The U.S., China and 10 other nations have approved a total of $177 billion in stimulus funding for green energy over several years. (Bloomberg, "Copenhagen Failure Defied by $200 Billion in Green Investments," December 3, 2009)

Venture capitalists surveyed by the National Venture Capital Association (NVCA) believe cleantech is the sector most likely to show growth this year. Of 325 venture capitalists surveyed nationwide, 54% believe VC investment in the cleantech sector will rise in 2010, according to Venture View 2010, the annual predictions survey conducted by the NVCA and published December 16, 2009.

Green Energy Live is working to leverage its proprietary gasification technology to develop on-site manure-to-electricity conversion systems to convert animal waste into clean energy. The company intends to develop solutions that will enable livestock farmers and ranchers to achieve energy independence, reduce the use of fossil fuels, cut energy costs and reduce air and water pollution by recycling the manure produced by their operations.

Karen Clark, President/CEO of Green Energy Live, commented: "We are thrilled to see investment in and demand for green energy technology increase. Green Energy Live intends to become a leading provider of sustainable biowaste-to-energy conversion solutions for America's livestock farmers and ranchers. To that end we are currently focused on moving forward with technology development and communicating with other young clean energy companies to find our next acquisition within this vibrant market sector."