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GreenGold Ray Energies, Inc. : GreenGold Ray Energies (Symbol: GRYE) Forecasts Net Income Profits of About $11,765,865.00 USD p

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^{Published in Business and Finance on Thursday, July 9th 2009 at 6:26 GMT, Last Modified on 2009-07-09 06:26:27 by Market Wire}  

CAGAYAN DE ORO, PHILIPPINES--(Marketwire - July 9, 2009) - GreenGold Ray Energies, Inc. (PINKSHEETS: [ GRYE ]) is forecasting a net profit income of about $11,765,865.00 USD per year from the company's current 5,000 hectares of jatropha plantations in Mindanao Island. The figure accounted for and includes the total gross incomes from the sale of pure Biodiesel Oil B100 of about $9,839,884.00 USD; the sale of Jatropha Crude Oil of about $7,925,163.00 USD; income from the by-products such as Jatropha Press Cake of about $144,000.00 USD; and the sale of Jatropha Residual (Glycerin) of about $1,152,000.00 USD. The earnings are estimated to flow in by the end of 2009 or early Spring 2010.

Currently, GreenGold is fast tracking the final acquisition with the construction of the Crude Oil Extractor & Processing Plant, taking advantage of the increasing demand to produce more of the jatropha crude oil first. The estimated completion of the crude oil processing plant is within 45 to 60 days. GreenGold Ray is looking forward to this very lucrative booming alternative and renewable green energy industry, thus enhancing the company's profitability!

 Forecast Jatropha Plantation 1,000 Hectares No. of Plant per Hectare 2,500.00/ Hectare Total Seedlings for 1,000 Hectares 2,500,000 +5% (2,750,000 Seedlings) Quarterly Seed Production per Hectare 3 Tons per Hectare Total Yearly Seed Production, 1,000 Hectares 12,000 Tons Weight of Seed per Liter of Jatropha Crude Oil 2.5 kgs. Total Yearly Jatropha Crude Oil Produced 4,800,000 Liters or (1,268,026 gal.) 1 Liter of Jatropha Crude Oil after Transesterification (B100 - Pure jatropha Biodiesel) 800 ml Biodiesel Total Yearly Jatropha Biodiesel Produced 3,840,000 Liters Biodiesel or (1,014,421 gal.) Price of Jatropha (Crude Oil) $1.25 per gallon (crude oil) Biodiesel (B100) $1.94 per gallon (B100) Price of Jatropha Press Cake $4.00 per Ton Price of Jatropha Residual $60.00 per Ton Buying Price of Jatropha Seeds from Growers $0.04/ Kilo EXPENSES -------- Planting Cost: $ 92,574.00 Oil Mill Cost: $ 770,191.00 Operating Cost: $ 596,272.00 ------------- TOTAL Expenses $1,459,037.00 INCOMES ------- Jatropha Biodiesel (B100) $1,967,977 Jatropha Crude Oil $1,585,033 @ $1.94/gallon (B100) & $1.25/gallon (Crude Oil) Jatropha Press Cake 28,800 Jatropha Residual (Glycerin) 230,400 ---------- Total Gross Income: $3,812,210 Expenses (1,459,037) -------- ---------- NET INCOME $2,353,173/year/1000 Hectares 

$2,353,173 X 5 (factor on 5,000 hectares) = $11,765,865 NET INCOME on the 5,000 Hectares per year.

Jatropha Cultivation: Feasibility studies were done with a reference report from the JatrophaWorld showing that (1) Jatropha Oil Yield: Jatropha seeds yield 35% to 40% oil (2) Jatropha press cake = 60% per ton of seeds (3) Jatropha Residual or Glycerin = 15% to 20% per cubic meter of Jatropha crude oil (4) Jatropha Plant Life Span: Jatropha takes approximately 8 to 12 months from planting to first harvest, and the plant can thrive successfully up to 40 years.

About GreenGold Ray Energies Inc.

GreenGold Ray Energies, Inc. (PINKSHEETS: [ GRYE ]) is a rapidly growing biodiesel, green technology, environmentally friendly, alternative and renewable energy company. The Company had already solidified its position through a highly successful land acquisition program, acquiring large parcels of land through working alliances and joint venture partnership with landowners and growers, ideal for the cultivation of the jatropha curcas plant. Jatropha curcas grows almost anywhere, even on gravelly, sandy and saline soils. Jatropha oil can be processed to produce a high-quality biodiesel that can be used in a standard diesel car, jet plane, etc. while the residue can also be processed into biomass to power electricity plants.

Jatropha is easy to cultivate. It can survive degraded soil and in areas that are susceptible to long period of drought. Jatropha is ideal for cultivation on marginal land, leaving prime areas available for food crops.

Forward-Looking Statements

Forward-looking statements in this release include statements regarding the Company's projections regarding biodiesel, biofuels other alternative energy explorations and extractions in future periods. Penny Stocks are highly speculative and may be unsuitable for all but very aggressive investors. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.