SOURCE: GreenGro Technologies

September 01, 2011 13:33 ET

GreenGro Completes Acquisition of Vertical Hydrogarden

Announces Development of Company Branded Product Line

BUENA PARK, CA--(Marketwire - Sep 1, 2011) - GreenGro Technologies, Inc. (PINKSHEETS: GRNH), a next generation vertical hydro cultivation technology company, today announced the completion of its acquisition of Vertical Hydrogarden, Inc., the premier patent pending all-inclusive indoor vertical cultivation system manufacturer. Terms of the acquisition included cash and stock.

"We are pleased to announce that Vertical Hydrogarden has been completely integrated into GreenGro Technologies and that we have begun the process of designing and manufacturing related products for home use as well as industrial farming," stated David L. Rudat, CEO. "The enormous advances in hydro-technology over the past year have positioned our company for explosive growth in the very near future. Our in-house design team has taken the Vertical Hydrogarden designs to the next level, enabling in-home cultivation for consumers at affordable pricing. Additionally, we are in the late stages of developing a proprietary product line which will include soils, nutrients, trimmers and tables, all bearing the GreenGro brand name."

The Company plans to schedule the launch of these new products in the very near future as well as exploring the possibility of a chain of retail outlets to market the Company's new product line.

About GreenGro: GreenGro Technologies is a vertically integrated technology company which designs, manufactures and markets green eco-friendly sustainable vertical cultivation systems, software and hosted online business management solutions. The Company's products and services are targeted toward consumers, nurseries and industrial farming operations.

Disclaimer: The Company relies upon the Safe Harbor Laws of 1933, 1934 and 1995 for all public news releases. Statements, which are not historical facts, are forward-looking statements. The company, through its management, makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors. Factors which could cause actual results to differ materially from those estimated by the company include, but are not limited to, government regulation; managing and maintaining growth; the effect of adverse publicity; litigation; competition; and other factors which may be identified from time to time in the company's public announcements.

Contact Information

  • Contact:

    GreenGro Technologies, Inc.
    David L Rudat
    (949) 891 8933