NEW YORK, NY--(Marketwire - May 10, 2011) - Green EnviroTech Holdings Corp. (
In addition to reflecting the new symbol, the Company's CUSIP number will be replaced with a new one. "While some may think the ticker symbol change is insignificant, we believe that the change will better reflect the business of Green EnviroTech Holding Corp.," said Gary De Laurentiis, President and CEO of Green EnviroTech Holding Corp.
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 allow 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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