VIASPACE jumps on Giant King Grass contract

|By:, SA News Editor

VIASPACE(VSPC.OB +35%) shares jump after the company enters into a contract with Maricopa Bio Crops for a 4.5K acre plantation of its hybrid Giant King Grass in Arizona to be used as cattle feed.

VIASPACE expects its part of the profit sharing revenues to be $1.3M annually for the initial phase, with 2 additional phases in planning.