SOURCE: Green EnviroTech Holdings Corp.

Green EnviroTech Holdings Corp.

May 16, 2011 08:57 ET

Green EnviroTech Holdings Corp. Retains Mosaic Capital LLC for Comprehensive Investment Banking Services

NEW YORK, NY--(Marketwire - May 16, 2011) - Green EnviroTech Holdings Corp. (OTCBB: GETH) is pleased to announce the engagement of Mosaic Capital LLC to provide investment banking, investor relations and financial advisory services. Mosaic Capital will work with Green EnviroTech to provide independent advice to the management team and board of directors as the Company continues to execute its business plan and explore growth options.

"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

Safe Harbor Statement:
This press release contains forward-looking statements. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words, such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. For a discussion of these and further risks and uncertainties, please see our filings with the Securities and Exchange Commission. We file annual, quarterly and special reports, proxy statements and other information with the SEC. You may read and copy any reports, statements or other information that we file at the SEC's public reference room at 100 F Street, N.E., Washington, D.C., 20549. Please call the SEC at 1-800-SEC-0330 for further information on the public reference room. Our public filings with the SEC also are available from commercial document retrieval services and at the Web site maintained by the SEC at http://www.sec.gov.

Contact Information

  • Contact:
    Green EnviroTech Holdings Corp.
    Email Contact
    209-863-9000