SOURCE: GreenHouse Holdings

November 09, 2010 08:30 ET

GreenHouse Moves to Up-List Shares to a Senior Securities Exchange

SAN DIEGO, CA--(Marketwire - November 9, 2010) -  GreenHouse Holdings, Inc. (OTCQB: GRHU) (PINKSHEETS: GRHU) ("GreenHouse"), a San Diego, California based integrated energy solutions provider and developer of eco-friendly infrastructure, today announced that the Company is completing the necessary steps to Up-List its shares to a senior U.S. stock exchange. In order to facilitate the transition, GreenHouse established an independent board and appointed PKF, a nationally recognized accounting firm, as their SEC auditors. 

"Graduating to a senior U.S. exchange is a high priority for the company given the progress we have made in securing multiple contracts with the U.S. Military and Fortune 100 industrial customers," said John Galt, GreenHouse Founder and Executive Chairman. "We believe transitioning to a larger exchange is the next logical step in the Company's future growth and will allow us to gain exposure and be recognized by a broader segment of the investment community. We have witnessed that a number of companies which Up-List to national exchanges experienced impressive increases in liquidity. GreenHouse is confident that now is the appropriate time to move to a senior exchange, as our operations have increased both domestically and abroad. The Up-Listing will allow us to attract additional investors as we strive to improve shareholder value."

The Board of Directors has now announced that they have made the following appointments in advance of the planned Up-Listing:

  • Sy Siegel as the Chair of the Audit Committee;
  • Charles Allured as the Chair of the Compensation Committee; and
  • General Floyd Trogden as the Chair of the Nominating Committee.

About GreenHouse Holdings, Inc.
GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world's most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, industrial and government markets around the globe. GreenHouse provides energy-efficiency products, energy management systems, eco-friendly infrastructure, scalable waste-to-fuel bio-fuel and closed loop systems, as well as other proprietary technologies and products that are utilized to provide a greener and safer future for millions of people. Other flagship products and solutions include the Green Village, R.A.P.S., and One Link. For more information, please visit: www.greenhouseintl.com or the GreenHouse YouTube channel at http://www.youtube.com/greenhouseintl or follow GreenHouse on Twitter http://twitter.com/@greenhouseintl.

Safe Harbor Statement
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by GreenHouse Holdings, Inc. are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading "Risk Factors" and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.

The listing application is subject to review and approval by each entity's Listing Qualifications Department for compliance with individual Capital Market Standards. The review process is thorough and may take an extended period of time before completion. While the Company intends to satisfy all of the necessary requirements for initial listing, no assurance can be given that its application will be approved.

Contact Information

  • Contact
    Investor Relations
    Alliance Advisors, LLC
    Chris Camarra or Bryan Kobel
    (212) 398-3487

    Press Contact
    Hutchens PR
    Contact: Karen Hutchens
    (619) 236-0227