SOURCE: Green Innovations Ltd.
CAPE CORAL, FL--(Marketwired - Mar 28, 2014) - Green Innovations Ltd. (OTCQB: GNIN) (OTCBB: GNIN) ("Green Innovations" or the "Company") and the Company's wholly-owned subsidiary, Green Hygienics, Inc. ("Green Hygienics"), the exclusive licensed North American distributor of American Hygienics Corporation's 100% tree-free bamboo-based product line, including personal care and paper-based goods, is pleased to announce that the Company has engaged American Capital Ventures ("ACV"), a boutique provider of comprehensive investor relations, financial marketing and capital advisory services to the micro- and small-cap community.
Bruce Harmon, Chief Financial Officer for Green Hygienics, commented, "Current consumer and retail demand for Green Hygienics products is significant enough to not only initiate an expansion of our facility as announced just two days ago, but also to bring more 'hands on deck' so to speak. At this inflection point, it's important that we get our story to the right investor audience to bring support and diversification to our shareholder base and a proper valuation to the company as growth ensues. We're pleased to partner with ACV, an experienced firm extremely well-versed in aiding companies of our size, scope and potential, help us to achieve these initiatives and look forward to working with them in the time ahead."
"The sustainability of a product is becoming an important decision maker amongst today's consumers, and as a result, 'eco-friendly' consumer products are growing in demand. With an exclusive license to distribute American Hygienics Corporation's 100% tree-free bamboo-based personal care and paper-based goods product line in North America, Green Innovations is in an ideal position to capitalize on this growing trend -- one that we believe will turn from trend to mainstream," stated Howard Gostfrand, President of American Capital Ventures.
Mr. Gostfrand continued, "We're excited to work with Bruce and his impressive management team to bring increase visibility to the business, bring in the right investors to fuel growth, and ultimately, to achieve a proper valuation for the company and the shareholders."
About Green Innovations Ltd.
Green Innovations Ltd., through its wholly-owned subsidiary, Green Hygienics, Inc., is the exclusive licensed North American distributor of American Hygienics Corporation's 100% tree-free bamboo-based product line, including personal care and paper-based goods. The marketplace for tissue paper products, diapers, wet wipes, feminine care products, and adult care products is in excess of $29 billion annually in the United States. The Company is committed to providing consumers with quality products that are designed and manufactured to the highest standards in FDA-accepted manufacturing facilities without compromising product performance. Green Innovations is a member of the International Green Energy Council (IGEC) and dedicated to ensuring a more healthy and sustainable planet. For more information on Green Hygienics, Inc., please visit www.greenhygienics.com.
This press release contains "forward-looking statements." Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, and specifically references to future potential purchase sales. The reader can identify these forward-looking statements by forward-looking words such as "may," "will," "expect," "potential," "anticipate," "forecast," "believe," "estimate," "project," "plan," "continue" or similar words. The reader should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. Forward-looking statements include, but are not limited to, statements regarding potential products, customers, revenues, expansion efforts, and future plans and objectives of Green Innovations Ltd. ("Green Innovations"). The risk factors listed in our disclosure documents and the cautionary language on this website provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by Green Innovations in its forward-looking statements. Actual results relating to, among other things, product launch, sales, customer acceptance and market share could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: consumer preferences, competition from more established brands, ability to develop market share; changes in the operating costs; changes in economic conditions, foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities that Green Innovations develops or produces; changes in the investments levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Green Innovations operates; technological, mechanical and operational difficulties encountered in connection with Green Innovations' development activities; and labor relation matters and costs. The reader should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Green Innovations from time to time with the Securities and Exchange Commission and other regulatory authorities.