FOND DU LAC, WI--(Marketwire - March 23, 2010) - Green EnviroTech Corp., a plastics recovery, separation, cleaning, and recycling company, has completed a reverse merger with Wolfe Creek Mining, Inc. (
Green EnviroTech ("GET") plans to produce and supply recycled commercial grade plastics and resins to industries with a high plastics demand, such as the automotive and consumer products industries. GET has plans to construct large-scale plastics recycling facilities near automotive shredder locations nationwide. GET's patent-pending process, developed in partnership with Thar Process, Inc., would produce recycled commercial grade plastics and resins using shredder residue and waste produced at the automotive shredder facilities. The GET facilities would reduce the need for new raw materials used in plastics manufacturing and reduce the amount of automotive shredder residue and waste being sent to landfills. The first recycling plant is scheduled to be built in Fond du Lac, Wisconsin with a 100,000 ton per year capability and is expected to be a "green" facility that does not produce hazardous waste or emissions. In connection with established key industry partners, GET also plans to convert waste and scrap plastic into high-value energy products, including synthetic oil.
About Wolfe Creek Mining / Green EnviroTech Corp. (www.greenenvirotech.us)
Green EnviroTech Corp. (GET) is a recovery, cleaning, and plastics recycling company which will construct large scale, plastic recycling operations near automotive shredder locations nationwide. GET has developed strategic partnerships with metal recycling companies and plans to leverage both its patented and patent pending recycling and manufacturing processes to produce recycled, commercial grade plastics and resins for application specific manufacturing, primarily focused on automotive and consumer products applications.
Forward-Looking Statements
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern; adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs; customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.
Contact Information:
Contact:
Green EnviroTech Corp.
info@greenenvirotech.us
214-722-3029