U.S. Securities and Exchange Commission Declares Effectiveness of Registration Statement Covering VIASPACE Green Energy's Initial Public Offering

IRVINE, Calif., Jan. 5 /PRNewswire-FirstCall/ -- VIASPACE Inc. (OTC Bulletin Board: VSPC), a clean energy company growing Giant King(TM) Grass as a low-carbon, renewable energy crop, today announced that on December 31, 2009, the U. S. Securities and Exchange Commission (SEC) declared as effective the Registration Statement on Form S-1 covering the common stock of its majority-owned subsidiary, VIASPACE Green Energy Inc. (VGE). Following such effectiveness, VGE is a separately reporting public company. The registered SEC filing is available on the web at www.SEC.gov under VIASPACE Green Energy.

VIASPACE Green Energy has applied to the Financial Industry Regulatory Authority (FINRA) for permission to trade its common shares on the OTC Bulletin Board