NEW YORK, NY--(Marketwire - May 16, 2011) - Green EnviroTech Holdings Corp. (
"The aim is for Mosaic Capital to review strategic alternatives and help us enhance shareholder value. We look forward to working with them -- we believe their compelling financial strategies in advising micro cap and emerging growth companies, particularly in the field of alternative energy are the best in the business. In addition Mosaic Capital will advise us on various funding options and initiate an effort to raise the approximate $6 to $15 million in equity financing that will help us move forward with our principal goal of constructing our first recycling plants in California and Wisconsin," said Gary De Laurentiis, CEO of Green EnviroTech Holdings Corp.
Mosaic Capital LLC is a specialty middle market investment bank that provides comprehensive financial advisory services that include private placements, mergers & acquisitions, valuations, and strategic advisory services and has completed over $5 billion in successful transactions with field offices in over 30 countries globally.
"Mosaic Capital is focused on assisting only those companies that are making breakthroughs and poised for explosive growth, so we are very pleased to be working with Green EnviroTech, whom we believe is a technology leader in its arena -- their 'PlastExtract' platform is set to redefine shredder residue and plastic recycling worldwide. We are confident that our ability to collect industry intelligence coupled with our access to a vast network of institutional investors and lenders will help Green EnviroTech achieve their strategic goals," said Garry Michael Kann, Managing Director of Capital Markets for Mosaic Capital.
About Green EnviroTech Corp.
Green EnviroTech Corp. is a plastics recycling and recovery company which removes contaminants from end of life automotive vehicles and processes them to produce compounded plastic resin and light sweet crude oil as end products. Its unique patented process significantly reduces the amount of shredder residue going to landfills by up to 40 percent creating considerable cost savings for metal recyclers while also dramatically reducing environmental damage caused by landfill pollution. The Company has developed long term strategic partnerships that allows it to receive feedstock at near zero cost and has also leveraged its patented technology to ensure guaranteed placement of 100% of its production output thereby creating a sustainable and high margin business model. A valuable by-product of the Green EnviroTech process is commercial grade light, sweet crude oil that will also be sold to industry at market prices. For more information please visit www.greenenvirotech.com
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Contact Information:
Contact:
Green EnviroTech Holdings Corp.
209-863-9000