OAKDALE, May 1, 2014 (GLOBE NEWSWIRE) -- Green EnviroTech Holdings Corp. (OTCQB: GETH)
is pleased to announce today a significant reduction in company
debt through the exchange of restricted common stock for the
elimination of the debt.
Gary De Laurentiis, CEO stated "We are very pleased with the
progress our company is making on a multitude of fronts. As a
result, I chose to exchange hard dollars owed to me by the Company
into additional restricted shares @ $1.00 per share. I believe
wholeheartedly in the future of Green Envirotech and will continue
to demonstrate my confidence as such. "
On April 25, 2014, the Company issued 821,108 shares of
restricted common stock to Gary De Laurentiis, the Company's Chief
Executive Officer, in exchange for the cancellation of $821,108 in
debt owed to Mr. De Laurentiis.
To view the 8K filing of Green EnviroTech Holdings Corp. please
follow this link:
http://www.sec.gov/Archives/edgar/data/1428765/000109181814000152/geth042920148k.htm
About Green EnviroTech Holdings Corp.:
Green EnviroTech Holdings (GETH) is a green innovative
conversion technology company, which holds a patent pending process
for converting waste tires and mixed plastics, destined for
landfills, into high-grade oil. The company has received a contract
to purchase GETH oil from ConocoPhillips.The GETH process helps
solve America's environmental issues. Each GETH system converts
approximately 545,000 tires per year into 17,220 barrels of oil and
by-products (Syngas, Carbon and Steel). The process also converts
12,000,000 pounds of mixed post-consumer plastics per year, not
currently recycled, and produces 32,500 barrels of oil and
by-products. The GETH process produces no emissions.
For further information about the Company, visit www.greenenvirotech.comand/or
email
info@greenenvirotech.com.
Media services by: Vitello Capital Ltd and S.T.A.T. Group
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: EraStar, Inc.
Steffan Dalsgaard, President
Las Vegas World Headquarters
Las Vegas, NV 89141
(702) 480-9800 office
