Green EnviroTech Holdings (GETH) Announces Shareholder Update
27 März 2013 - 2:00PM
Marketwired
Green EnviroTech Holdings Corp. (GETH) (OTCQB: GETH) (OTCQB: GETHD)
announced today a shareholder update from Company's CEO Gary De
Laurentiis:
Dear Shareholder,
We are very pleased to announce today the completion of our
100-1 reverse split in our common stock. We believe that a higher
stock price will shorten the lead time for our anticipated
application to upgrade to a senior exchange, such as the NYSE or
NASDAQ marketplace. The Company's Board of Directors expects that
increased share value will enhance the Company's ability to
recapitalize, attract new business relationships, as well as,
attract and expand its management team. The overall goal is to
bring more traditional financing options to execute on the business
plan and develop the technology, which should allow for growth of
the company and increase shareholder value in the market. For the
next 20 days, our common stock will trade under the symbol
GETHD.
The last few months have been extremely exciting for our
Company. We are in active negotiations with Government leaders of
municipality for the location of our first major plant. The
reception we have received for our breakthrough technology has been
overwhelmingly positive. We expect to soon release validation of
our technology in conjunction with our first plant site selection.
We have been in active negotiations with prospective partners for
securing ample raw feedstock for our plants, as well as, potential
off-take agreements for the purchase of our various end products,
oil, gas and carbon. We are negotiating with various national
investment banking firms to capitalize on the tremendous
opportunity ahead. We are actively negotiating key acquisitions of
businesses that if acquired would be very synergistic with our core
business plan. We expect that senior management of the company's we
acquire will remain on board as GETH shareholders for the
anticipated growth in the company.
We look forward to the future with tremendous enthusiasm. We
will be keeping investors updated through our press releases and
consistent timely SEC filings.
Best Regards,
Gary De Laurentiis
About Green EnviroTech Holdings Corp.
Green EnviroTech Holdings (GETH) is an innovative technology
company that has developed a patent pending oil conversion
processing tires and mixed plastics. The "GETH Process"
revolutionizes the disposal of tires and plastic waste, cleans up
our landfills, and produces a high grade of oil. The GETH oil does
not need to be reprocessed and can be blended into most products
produced at a refinery.
The GETH Process to convert plastic and tires to oil uses
electromagnetic pyrolysis to produce GETH Oil, carbon black,
syngas, and steel. The use of electromagnetic pyrolysis facilitates
faster processing while causing no environmental impact. A standard
twelve system plant, utilizing 6 systems for plastic and 6 systems
for tire conversion, produces approximately 25,000 barrels of oil
per month.
The company, headquartered in California, was founded in 2008 by
Gary De Laurentiis, an industry veteran and award winning plastic
recycling process designer.
For further information about the Company, visit
www.greenenvirotech.com and/or email info@greenenvirotech.com
Safe Harbor Statement:
GETH cautions that statements made in press releases constitute
forward-looking statements, and makes no guarantees of future
performances and actual results/developments may differ materially
from projections in forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
time statements are made.
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