SOURCE: Greenstone Holdings, Inc.

April 16, 2008 08:30 ET

Greenstone Introduces Fire-Pruf™ Wood, Non-Flammable Wood for Homes and Buildings

NEW YORK, NY--(Marketwire - April 16, 2008) - Greenstone Holdings, Inc. (PINKSHEETS: GSHN) announced today that the Company has introduced a new product, Fire-Pruf™ a special chemical to treat wood and make it completely fire-proof. Fire-Pruf™ has been invented by Mr. Toshio Ito of Nippon Funen Mokuzai(NFM) in Japan. NFM is also the manufacturer of Green-Dri™ Biological Dry Kiln. Fire-Pruf treated wood has recently been officially accepted by the Japanese Imperial Household Agency, a management agency overseeing the properties of Japanese Imperial families, many of which are wooden structures. The first delivery of Fire-Pruf treated cypress material was just made in late March.

"We are very excited about the introduction of Fire-Pruf especially for home owners in California," said Sal Miwa, CEO of Greenstone.

About Greenstone Holdings, Inc.

Greenstone® (www.egreenstone.com) is in the business of providing a variety of unique chemical technologies that are primarily used in the building and construction industry. The Company's first brand name product, GreenShield™, offers a "green" solution to protect wood-based building materials such as lumber, logs, plywood, drywall, railroad ties, fencing, and utility poles from destructive environmental elements. It also offers added fire retardancy to the material it is applied to. The $25 billion water damage market is just one example of the perfect niche for GreenShield. Greenstone also exclusively distributes Green-Dri™, a revolutionary biological dry kiln for drying wood, Permeate™, a very unique anti-corrosion sealer paint for metal, concrete, and other construction materials, MagneLine®, a very strong polymer cement mortar used to reinforce and/or repair metal and concrete structures such as bridges and highways, and Crystal-Guard™, an innovative chemical to make asbestos harmless and recyclable.

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

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    Dominic Martinez
    M&M Investor Relations
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