VANCOUVER, BC--(Marketwired - Dec 2, 2013) - Green Hygienics Holdings Inc. (OTCQB: GRYN) is pleased to provide its shareholders and investors with the following executive update on its current activities. The company has been actively looking for acquisition targets and business opportunities in the global Cleantech energy sector.
"Our stated objectives for Green Hygienics have been to build a team that understands the sustainable energy business, identify acquisition targets or business opportunities in the Cleantech energy sector and to achieve revenue growth and profitability. Over the last two quarters we have brought together an accomplished and specialized team.
As well, we have identified two very strong markets that have regulatory support and highly compelling market environments for Cleantech energy products: Brazil and India. There is an immediate electricity demand in Brazil, which is expected to double within the next 20 years. The sector growth is tied to the large population of 204 million. In India, an unreliable electrical grid supply is one of the biggest challenges faced by the rapidly growing economy.
The path to achieving immediate revenues is to source, assess and license products or technologies that are market ready and to acquire or joint venture with existing companies that have established distribution and operations in place. We are reviewing several opportunities currently to bring complete energy solutions to the customer.
Base global demand along with the economics and politics of sustainable energy initiatives are driving demand for new technology solutions and creating considerable business opportunities. We look forward to capitalizing on that in the immediate future and delivering stakeholder value." Dave Ashby, CEO
About: Green Hygienics Holdings Inc. - Engineered Clean Energy Solutions
Green Hygienics is the science of preserving and promoting the health of individuals, communities and the planet. The Company is focused on developing assets, creating Intellectual Property and investing in or acquiring companies that supply alternate clean energy sources. The alternatives to sectors that currently use power supplied by hydrocarbons (diesel gensets for example), are clean energy sources that include wind, solar and biomass. Green Hygienics Holdings Inc. is registered in the state of Nevada, USA and is an audited, fully reporting company in both the Canada and the USA.
This press release contains forward-looking statements concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. Forward looking statements in this press release include statements about our clean energy strategies. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.