Green EnviroTech Holdings Corp. Engages AME Holdings Group, LLC to Assist in Securing $8 to $12 Million in Financing

NEW YORK, NY--(Marketwire - Apr 13, 2011) - Green EnviroTech Holdings Corp. (www.greenenvirotech.com) (OTCBB: GETH) and its wholly-owned subsidiary, Green EnviroTech Corp., a waste plastics recovery, separation, cleaning, and recycling company, announced today an agreement with AME Holdings Group, LLC of New York to assist in securing $8 million to $12 million in financing for the Company.

Green EnviroTech intends to use the proceeds for working capital for the Company's planned Riverbank California plant development and in support of the recently acquired multi-million dollar operation in Hong Kong, Magic Bright Limited. Magic Bright is a waste plastics trading company that purchases and sells waste plastics globally and has a factory and warehousing in China. Based on the latest unaudited financial results for Magic Bright, Magic Bright reported over $16 million in profitable revenue through the first nine months of 2010. In Riverbank, California, Green EnviroTech anticipates operations to commence in the third quarter of this year. Green EnviroTech plans to process waste plastic from the agriculture industry, converting the waste plastic to crude oil using a patented and licensed technology that has been in production for over three years.

Gary DeLaurentiis, Green EnviroTech's CEO, stated: "AME's engagement, in conjunction with our recently announced commitment from Rowell Capital Partners, is expected to provide significant backing and support for the development of our state-of-the-art Riverbank recycling plant as well as provide the necessary capital to expand our recently acquired operation in Hong Kong. We look forward to updating shareholders throughout the year on Company progress in Riverbank and Hong Kong, as well as with our plans for a plant in Sheboygan, Wisconsin."

About AME Holdings Group, LLC

AME Holdings Group, LLC is a consulting firm focusing upon corporate finance, growth / expansion capital, mergers & acquisitions and strategic business solutions. AME focuses upon firms which have bonafide Intellectual Property (IP).

About Green EnviroTech Corp.

Green EnviroTech Corp. is a large scale waste plastics recycling and recovery company which removes and cleans contaminants from recycled waste plastic to produce a compounded resin product. Its unique patented process significantly reduces the amount of shredder residue going to landfills up to 40 percent, which creates considerable cost savings for metal recyclers and the environment. The company has developed strategic partnerships with metal recycling companies and plans to leverage its recovery and manufacturing processes to primarily focus on automotive and durable goods applications and the production of sweet crude oil. Green EnviroTech Corp. is a wholly-owned subsidiary of Green EnviroTech Holdings Corp. (OTCBB: WCRM).

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