McGladrey & Pullen Making Headway on Greenbelt Resources Books

Greenbelt Resources Corporation (symbol: GRCO) has retained CPA firm McGladrey & Pullen to update its books. After McGladrey has completed this, another CPA firm, which is in the process of signing confidentiality agreements, will perform an audit. McGladrey & Pullen has reported that it has completed a large portion of the books and is ready to continue. The company has improved Greenbelt Resources’ internal accounting standards. McGladrey & Pullen, LLP, is a leading national CPA firm focused on meeting the audit and accounting needs of midsized companies. They serve clients from approximately 100 offices across the United States. A quote from their website, www.mcgladrey.com, says, "McGladrey & Pullen approaches the audit as a service for the benefit of stakeholders. We place strict standards and high expectations on our professionals. You can be assured of a thorough process, efficiently delivered, within reasonable cost.” McGladrey & Pullen is a member of the Center for Audit Quality and the Private Company Practice Section of the American Institute of Certified Public Accountants. The firm is registered with the Public Company Accounting Oversight Board. McGladrey & Pullen LLP (a partner-owned CPA firm) delivers audit and attest services. McGladrey & Pullen and RSM McGladrey have an alternative practice structure. Though separate and independent legal entities, they can work together to serve clients' business needs. When considered together, the two companies rank as the fifth-largest provider of accounting, tax and business consulting. Public Accounting Report ranks McGladrey & Pullen as the largest auditor of credit unions in the United States. Greenbelt Resources Corporation has retained McGladrey & Pullen to bring a level of professionalism to the company, and to facilitate its progress towards resuming full reporting status. This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements. These forward-looking statements involve certain risks & uncertainties that could cause actual results to differ, including, without limitation, the company’s limited operating history & history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company’s projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.