American Bio-Fuels Signs New Venture and Finds New Home for Expansion

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FOR IMMEDIATE RELEASE

American Bio-Fuels Signs New Venture and Finds New Home for Expansion

CALIFORNIA, SAN DIEGO, Nov. 19 -/E-Wire/-- Green Star Products Inc. (OTC:GSPI) announced today that its affiliate company, American Bio-Fuels (ABF), which is 35% owned by GSPI, has signed a joint venture to move and expand its state-of-the-art biofuel plant.

ABF signed a joint venture with Hondo Chemical, Inc. (http://www.hondoinc.com), which currently manufactures organic fertilizers. Hondo has a huge facility in Bakersfield, California covering 36 acres and has three railroad spurs that can hold 130 railroad cars.

The joint venture includes an existing 12,000 square foot building with its own railroad spur and loading docks. Additional facilities also include office space, fully equipped chemical labs, biofuels storage tanks, utilities and excess heat capabilities from existing fertilizer operations.

ABF is currently moving its existing 2.5 million gallon per year biofuel production facility from Adelanto, California to its new home at Bakersfield. The Hondo opportunity offers room for vast expansion and the existing facility could easily support in excess of 50 million gallons per year biofuel production. Initially the joint venture is planning to expand the plant to 15 million gallons per year as the market develops in Central California. Bakersfield is an ideal location because most of the oil refineries in California are located there and the area has extensive infrastructure to transport fuels all over California via rail, truck and pipeline.

Biofuel production from the Hondo facility is planned to begin in early February 2003.

ABF is a member of the National Biodiesel Board (http://www.biodiesel.org) and currently has the only continuous flow production biofuel plant in the United States. ABF has three different biofuel blends registered with the EPA that will be sold under the Green Star trademark label.

The ABF plant is a patent pending production plant, which reduces plant footprint up to 70%; reduces maintenance and operations costs; reduces capital construction costs by up to 40%; and reduces time to complete construction by up to 60%. All of these factors significantly reduce the overall cost for producing ASTM grade biofuel.

Biodiesel is a cleaner burning alternative diesel fuel made from renewable and recyclable resources. It is non-toxic, biodegradable and essentially free of sulfur and carcinogenic benzene. Biodiesel has physical and chemical properties very similar to petroleum diesel; however, because biodiesel contains virtually no sulfur or carcinogenic benzene, it produces a significantly improved emissions profile. Biodiesel supplies additional oxygen that markedly improves combustion and makes for a significantly cleaner burn. Biodiesel mixes readily with petroleum diesel making it a very effective fuel additive. In a 20% blend with diesel emissions are significantly reduced. Engine performance is virtually the same as petroleum diesel. No engine changes are needed to burn biodiesel. Improved lubricity of the fuel means there is less need for maintenance of injectors and injector pumps.

The other advantages of using biofuels include:

1. Puts American farmers to work 2. Creates new production jobs and a new industry 3. Insurance against oil embargoes 4. Reduces life cycle CO2 by 78 percent 5. Reduces dependency on foreign oil 6. It's a renewable energy source 7. Reduces hydrocarbon and carbon monoxide emissions 8. Reduces particulate emissions and smoke 9. Has higher cetane and octane values 10. Has no sulfur 11. Quality is assured by ASTM standards

Green Star Products Inc. is organized as a holding company with major ownership positions in a set of subsidiary companies now commercializing advanced automotive and energy technology products. For more information, see GSPI's Web site at http://www.baat.com or call Investor Relations, 619/409-8977, 619/409-9598 fax, or email [REDACTED-EMAIL]. Information about trading prices and volume can be obtained at several Internet sites including http://www.bloomberg.com under the ticker symbol "GSPI."

Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic filings with the Securities and Exchange Commission.

Green Star Products Inc

Green Star Products Inc.,

Joseph LaStella, 619/409-8977,

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