VIASPACE Inc. Alternative Energy Business Covered in Resea...( Focus on Biofuels and Fuel Cells Hold...)

Focus on Biofuels and Fuel Cells Holds Growth and Profit Potential

PASADENA, Calif., March 23 /PRNewswire-FirstCall/ -- A research report and stock alert issued last week on VIASPACE Inc. (OTC Bulletin Board: VSPC) provide a detailed description of VIASPACE's alternative energy business and future growth and profit potential, according to VIASPACE Chief Executive Dr. Carl Kukkonen. Cohen Independent Research Group (CIRG) published a comprehensive research report on VIASPACE covering the Company's recent acquisition of IPA, a profitable company, and restructuring to focus on a renewable, green source of energy - a fast-growing grass for biofuels - and clean energy - fuel cell cartridges and a portfolio of direct methanol fuel cell patents. The March 18 CIRG report, including its recommendation and price targets, is available at www.CohenResearch.com.

Also on March 18, a Stock Alert on VIASPACE was issued by The Green Baron Report at www.TheGreenBaron.com.

Dr. Kukkonen commented: "In a relatively short period of time we accomplished a restructuring to reduce operating expenses, sold a non-core business, and used the proceeds from that sale to reduce debt. We also acquired a company that not only provided entry into renewable energy but is also generating net income and positive cash flow that will be used to support growth of our core alternative energy business. As a result, and with anticipated increasing demand for alternative energy sources and technologies, VIASPACE's business potential and financial outlook have materially and substantially improved. For example, VIASPACE subsidiary Direct Methanol Fuel Cell Corporation recently completed its second fuel cartridge contract with Samsung."

Kukkonen continued: "The CIRG research report provides a comprehensive analysis of VIASP
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