[TankerOne]

Green Energy Live Terminates Potential Acquisition 5:14p ET March 09, 2011 (Business Wire)
On September 27, 2010, Green Energy Live, Inc. (OTCBB: GELV) announced it has updated its Letter of Intent to acquire Peck Electric. Green Energy Live was unable to secure financing to complete the acquisition, and the Letter of Intent has expired. At the time that Green Energy Live is able to secure potential financing, it will undertake new discussion with Peck Electric.

This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are intended to be covered by the safe harbor created by such sections and other applicable laws. Such forward-looking statements include, without limitation, plans and expectations regarding the development of GELV's gasification technology and other projects and operations. GELV has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith based upon currently available information, and is believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements.

SOURCE: Green Energy Live, Inc.

Green Energy Live, Inc.
Richelle Kim, 800-557-9752
investorrelations@greenenergylive.com