Green EnviroTech Holdings Corp. (GETH) Announces Development Agreement Rights With Black Lion Oil, Limited
04 Juni 2013 - 3:00PM
Green EnviroTech Holdings Corp. (OTC
QB:
GETH) is pleased to announce
that GETH has entered into a regional development agreement
with Irish company, Black Lion Oil, Limited. Black Lion
focuses on energy technology and will source both capital and
management for the GETH technology in a defined region within a
contractually allotted time.
Green EnviroTech's CEO, Gary De Laurentiis stated,
"The agreement with Black Lion brings additional resources and
potential revenue to GETH. The agreement further allows to us
focus on the execution of our core business plan which
provides for a ten plant roll out in key markets in the United
States. With the emphasis in Europe on green energy we
anticipate measured success with quicker penetration to market of
the GETH technology." Janez Potocnik, European
Commissioner for the Environment said; "The new study of
environmentally innovative technologies demonstrates that good
business, job creation and environmental protection can go
together and generate widespread benefits. This suggests that
Europe has a strong niche in the green business, a niche which can
promote competitive, resource-efficient and sustainable growth."
Black Lion has already begun discussions with potential joint
venture partners in Ireland, the United Kingdom
and Saudi Arabia.
About Green EnviroTech Holdings Corp.
Green EnviroTech Holdings (GETH) is an innovative technology
company with a patent pending for recycling tires and mixed
plastics back into high grade oil, suitable for blending 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 pyrolysisfacilitates 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 Oakdale, California, was founded in 2008
by Gary De Laurentiis, an industry veteran and award winning
plastic recycling process designer.
Petrosonics, LLC is a privately held Nevada
company.Petrosonics has a diverse internationally patented
technology portfolio that include ultrasound assisted oxidative
desulfurization and heavy oil upgrade. The technology is designed
to meet worldwide low emission specification, which can be
refinery based, desulfurization of multiple streams and
also includes transmix and alternative "green oil"
desulfurization processing. The technology has won the 2009
Financial News invention of the year for refinery processing.
For further information about the Company,
visit www.greenenvirotech.com and/or
email info@greenenvirotech.com
Media services by: Vitello Capital Communications & 18KT.tv
LLC
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.
CONTACT: For information, please contact:
Constellation Asset Advisors, Inc.
Jens Dalsgaard
Phone: 415-524-8500
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