The last paragraph should read:

GREEN LANTERN is an adaptation of a comic series that first debuted in the 1940's. The story line will feature Reynolds portraying HAL JORDAN, a SECOND GENERATION TEST PILOT who has come into possession of a magic lantern AND ring which gave him a wide variety of powers. The limitations of the ring were that it had to be "charged" every 24 hours by touching it to the lantern for a time, and that it did not work on ANYTHING YELLOW. The movie will be directed by Martin Campbell.

Do your research next time... sloppy.