SOURCE: Greenstone Holdings, Inc.

February 26, 2007 16:00 ET

Greenstone Holdings, Inc. Receives a Chemical Order From ECORail

NEW YORK, NY -- (MARKET WIRE) -- February 26, 2007 -- Greenstone Holdings, Inc. (PINKSHEETS: GSHG) announced today that it has received an initial order of 500 gallons of the Company's railroad tie treatment chemical from ECORail Products Inc. ("ECORail") in Walled Lake, Michigan ("ECORail" website www.ecorail.us).

"ECORail is in the process of constructing a railroad tie treatment facility in Kentucky and is very excited about introducing railroad crossties treated with the Greenstone chemical. The railroad industry needs a longer-lasting wood railroad tie and especially one that is safe for the environment," said Mr. B. Allen Brown, Chief Executive Officer of ECORail and a 25-year railroad industry veteran. Michael Ferrone, Chief Executive Officer of Greenstone, stated that he was also pleased that the Company had established a relationship with such an experienced group of railroad executives who are also similarly dedicated to using effective and "green" products. Financial terms of the order were not disclosed.

About Greenstone Holdings, Inc.

Greenstone Holdings (www.egreenstone.com), through its operating subsidiaries, is in the business of providing a variety of unique chemical technologies that are primarily used in the building and construction industry. The Chemical Technology Division's first brand name product, GreenShield™, offers building materials such as plywood, drywall, and lumber protection from the environment. It also offers added fire retardancy to the material it is applied to. GreenShield covers a wide range of applications such as building material, fencing, railroad tie, and utility pole. The $25 billion water damage market is one example of many which GreenShield can be useful in. http://www.egreenstone.com/documents/FactSheet.pdf

Forward-Looking Statements:

Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.

Contact Information

  • CONTACT:
    Michael Ferrone
    Chief Executive Officer
    Greenstone Holdings, Inc.
    Phone: (212) 835-1616
    Inquiry@egreenstone.com