GS Energy Forms Carbon Trading Unit

New York [] GS Energy Corporation formed GS Carbon Trading, Inc., a carbon trading division to focus on the increased development of GS Energy’s renewable energy certificate, energy efficiency certificate, carbon and other emissions credit trading businesses. It will trade and sell renewable energy certificates (RECs) or Green Tags, and energy efficiency certificates (EECs) or White Tags, as well as emissions credits and other similar attributes. Importantly, Green Tags and White Tags can be used to favorably impact the economics of renewable energy generation and energy conservation projects by monetizing reduced carbon emissions. GS Energy announced plans to take GS Carbon public in a reverse merger or similar transaction with a compatible public company on or before October 1, 2006.

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