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GSHN Finra deleted symbol:
http://otce.finra.org/DLDeletions
GSHN: SEC Litigation against Legal Opinion Lawyer Sourlis:
http://www.sec.gov/litigation/admin/2013/34-70031.pdf
i was kidding!!..go gshn!
Not sure, something going on though... I'll call TdAmeritrade Monday...
Hey there.....I happened to be checking things out on an investment and realized we have some life..Whats is this??
.0012? WHA? Still trading here?
GSHN: Lawyer who wrote bogus Legal Opinion Letter charged by the SEC:
http://www.sec.gov/litigation/litreleases/2012/lr22542.htm
It's always a shame when people lose money to a bum running a scam stock. They never stand a chance.
I wouldn't count on any shareholders ever seeing anything come from this type of action.
Sorry.
For all of us that lost money, Greenstone Holdings is still in litigation with the SEC. I do not know if any of us have any hope of getting our money back. I am personally hoping we get something!
Good. Round 'em all up. Miwa was supposed to be this company's savior.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49735337
Update to SEC litigation against Greenstone Holdings Inc
http://www.sec.gov/litigation/litreleases/2011/lr21863.htm
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21863 / February 22, 2011
Securities and Exchange Commission v. Greenstone Holdings, Inc. et al., Civil Action No. 10-cv-1302 (S.D.N.Y.)
SEC Charges Attorney with Fraud for Issuing False Legal Opinion in Connection with Illegal Stock Offering
On February 10, 2011, the Commission amended its complaint in SEC v. Greenstone Holdings, Inc., et al., 10 civ. 1302 (S.D.N.Y.), to add as a defendant Virginia K. Sourlis, a securities lawyer. According to the amended complaint, in early 2006, Sourlis intentionally authored a materially false and misleading legal opinion, which Greenstone used to illegally issue millions of shares of stock in unregistered transactions. Among other things, Sourlis falsely described promissory notes, note holders, and communications with those holders, none of which actually existed. The SEC alleges that, contrary to Sourlis’ fraudulent opinion letter, the stock issuance did not qualify for an exemption from registration under the federal securities laws.
The amended complaint alleges that Sourlis violated Sections 5 of the Securities Act of 1933 (the “Securities Act”) and Section 10(b) of the Securities Exchange Act of 1934 (“Exchange Act”) and Rule 10b-5 thereunder and aided and abetted defendant Greenstone’s violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The SEC seeks injunctive relief and financial penalties, disgorgement, and a penny stock bar from Sourlis.
http://www.sec.gov/litigation/litreleases/2011/lr21863.htm
http://www.sec.gov/litigation/complaints/2011/comp21863.pdf
After a couple of years of holding this POS, I have finally gotten around to filing the junk stock paperwork and getting it out of my account.
Genius attorneys get Reamed a new one...Go to SEC.Gov...type in Thomas Pierson...check out the charges!!!
HA! SEC files charges against the genius from MIT, huh?
I lost track of this pos since they got bumped down to the Greys.
Sorry for all who lost on this. But DAMN, this was long in coming.
Here’s the big News (Sales, Sales, Sales)
Sal installed two vending machines in Greenie’s lone office to help drive sales. Happy to report that the candy vending machine has produced $26.40 in sales, and the soda machine has gone beyond expectations with a whopping $34.00 in sales since March 1, 2010. The costs of the products were $29.20, netting them a staggering $31.20. Unfortunately, the lone salesman, John Sellnot, who stuffed himself with the vending machine goodies was let go since he hasn’t sold a Greenie product for the last year and half.
Sal is still looking for sales people, people not only who would have the ability to sell Greenie’s products but has an appetite for vending machine food.
you have 20 posts...all on this board,and you know news is coming how??
Once they get done with the SEC investigation it might but its still a long shot because once the SEC investigation is done they still have to get sales going and that to is up in the air.
is this thing kicking again???????
Press Release from Today from company
SEC brings a Civil Action against Greenstone (OTCPK: GSHN) in U.S. Federal Court
JERSEY CITY, NEW JERSEY, MARCH 2, 2010 – Greenstone Holdings, Inc. (OTCPK: GSHN) announced today that the United States Securities & Exchange Commission has instituted a Civil Action in the Federal Court Southern District of New York alleging that the Company, its CEO, Counsel, former Counsel and several other individuals and entities violated various provisions of the federal securities laws. The Company denies the SEC allegations and intends to present a comprehensive defense to the Complaint. The Company’s CEO, Mr. Miwa stated that the complaint misstates the facts related to the stock sales and other transactions, all of which occurred over two years ago, prior to the inquiry was initiated, adding that significant positive measures have been taken by the Company since the start of the inquiry in June 2008 including the voluntary return of 150,000,000 shares of the Company’s common stock by Mr. Miwa, a reduction of the Company’s obligations to third parties of over $2 million, and the cash contribution of over $700,000 by Mr. Miwa and his family.
Mr. Miwa also stated that no shares of common stock have been sold by the Company for nearly two years, prior to the start of the SEC inquiry. He concluded by stating that in connection with the transactions, management relied on the advice of experienced financial and legal professionals, and that, the Company only realized minimal cash from the stock sales in question which were over two years ago. The Company continues to strive to establish sales of its unique Green-Dri wood dryer and other chemical products in an effort to continuingly increase shareholder value.
CONTACT:
H. Sal Miwa
Tel. 1-877-387-3330
Email: inquiry@egreenstone.com
www.egreenstone.com
That is a lil strange??????
400k out of no where.....strange.......
so with this now posted what happens to the people who got screwed?
Good! I hope their ass's feel great for years to come!!!! lol! Douchebags!!!! Thanks 4 the update Sammy!!!!
"SEC Charges Greenstone Holdings, Inc., the Company's Chief Executive Officer, Two Attorneys, and Four Stock Promoters with Pump and Dump"
http://www.sec.gov/litigation/litreleases/2010/lr21416.htm
so website has been updated.
Stock Symbol: "GSHN" (OTC Pinksheets)
Our Common Stock is currently traded on the Grey Market under the Pink Sheets. Please contact your broker for more information.
WHAT IS GREY MARKET?: There are no market makers in this security. It is not listed, traded or quoted on any stock exchange, the OTCBB or the Pink Sheets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
Security & Corporate Information (last update: 01/04/2010)
OTC Market Tier: Grey Market
State of Incorporation: FL
Year of Incorporation: 2000
Formerly:
Tel-One, Inc. until Jun 02
Teleon Corp until Jun 04
Auto Centrix, Inc. until Jan 06
SEC Reporting Status: Non-SEC Reporting Company
CIK: 0001403286
Outstanding Shares (Common): 1,260,275,821 shares (as of Jan 4, 2010)
Float (Common): 317,500,014 (as of Aug 25, 2008)
Authorized Shares (Common): 2,000,000,000 shares
Par Value (Common): $ 0.0001
Transfer Agent: Corporate Stock Transfer, Inc. Denver, CO.Tel.303-282-4800
Legal Counsel: Frohling Associates LLC, Newark, NJ.Tel. 973-622-2800
Investor Relations Firm: - none -
Security Notes:
Reverse Split/ shares decreased by 1 for 25 on 09/19/2007
Trading temporarily suspended by the SEC pursuant to Section 12(k) of the Securities and Exchange Act of 1934 on 9:30am EST on 06/18/2008 through 11:59pm EST on 07/01/2008. SEC investigation has been ongoing since.
you may be right.i bid .0001 this morning,they immediately raised the ask to .0002.so i placed an order at the ask.....no fill.
I think its just MM`S trading back and forth, becasue there is no bid or ask so you cant personally trade it.
Yeah fiqured dumpage but someone has to be buying those as well
EOY dump off for taxes maybe? or somthing is going on thats good?
368K in volume or about $73.00 in trade not much just really weird that all the sudden its starting to trade again I wonder if someone knows something we don't doubt it but it is quite interesting
Yeah saw that on a 10 cent trade lol well at lest its trading something who knows whats going on no activity for months and now a few little hits who knows
well back up 500% today
wow so it really was siting at .001? i just saw the 90% drop on 3k vol.
Who knows but keeping my eye out on it. I was surprised when I looked at my acct. as well not enough volume to sell what I got but interesting indeed
lol, i was like WTF, not sure it was an actuall trade as their is no bid or ask, but still looks good in my account, maybe shes showing signs of coming back to life??!! :)
fINALLY GOT A TRADE UP 900% ON 10,000 CERTAINLY NOT MUCH VOLUME BUT ITS SOMETHING
Gotta like the tenacity from the guy most would've given up
+1
but its good to see he is still trucking and hasn't given up yet.
I agree this is dead in the water till they get sales and get the SEC stuff cleared up
i am glad to see some news but what we need to see is some sales.....
JERSEY CITY, NEW JERSEY, Dec 14, 2009 (M2 PRESSWIRE via COMTEX) -- GSHN | Quote | Chart | News | PowerRating -- Greenstone Holdings, Inc. (OTCPK: GSHN | Quote | Chart | News | PowerRating) announced that the Company unveiled the results of its Phase I and II Test Programs of the Company's unique wood drying process Green-Dri to government officials and industry representatives, at a conference held in Newark, New Jersey last week. Developed in Japan, where the system has been employed very successfully in over thirty locations, Green-Dri is the most cost efficient method of drying wood for such industries utilizing sawmills, lumber distribution, building construction materials as well as cottage industries such as the manufacture of furniture, sports equipment, and musical instruments.
Units for the Green-Dri system are available in various sizes at very cost-competitive prices compared to conventional dry kilns, and are guaranteed to reduce operating costs substantially and in some cases up to 80%.
Mr. Sal Miwa, CEO of the Company, added that various samples of wood were tested for customers with respect to the time required for the Green-Dri system to reduce moisture to acceptable levels. The test results showed that the Green-Dri method took less time than conventional dry kiln methods with respect to almost all types of wood. The Test Results also showed that the Green-Dri method resulted in better quality wood resulting in little or no discoloration and fewer cracks.
These great results were achieved, Mr. Miwa stated, because of the proprietary construction design of Green-Dri and its unique operating procedures, which cause the moisture to be extracted from the wood at temperatures lower than other conventional methods and in a more natural manner, that does not damage the wood's cells, leaving an end product which is stronger, more durable, and with a better appearance. All the companies that had woods tested praised these results and acknowledged the superior aspects of the Green-Dri technology.
Mr. Miwa stated that all these features add up to a huge boost for owners/end users of dry wood, as well as our country's environment. Not only does the Green-Dri system, use much less energy than conventional methods, with a longer lasting wood product resulting from the Green-Dri system, fewer trees need to be cut down, a very important and environmentally green effect, in this age of mass worldwide deforestation, added Mr. Miwa.
Mr. Steve Bauder, with Mr. Joe Warner, of Maier Lumber Company in Bangor, Pennsylvania constructed the Company's prototype of the unit using the Green-Dri system and conducted the Phase I & II Tests. Mr. Bauder and Mr. Warner confirmed that the drying time using the Green-Dri method was the same or less than conventional dry kiln methods in most cases and the quality of the end product was superior to woods dried by conventional method.
Mr. Miwa added that the Phase I & II Testing confirmed the significant economic value of the Green-Dri system and its equally significant "green" characteristics.
Mr. Miwa concluded by stating that if one assumes that the projected wood drying market for the year 2010, is 40.6 Billion Board Feet of lumber as predicted, the projected energy cost for conventional kiln users' would amount to $3.37 Billion. If all conventional dry kilns were replaced by the Green-Dri system, the operational costs would be reduced to $290 million, a savings of 91% or $3.09 Billion in just one year and a dramatic greenhouse gas reduction would result. In regard to capital costs for new construction or replacement of existing dry kilns during 2010, users would save as much as $300 million according to Management's projection.
Mr. Miwa concluded, in our present economic environment of cost reductions and our increasing need for greenhouse gas reduction, Green-Dri could and should play a significant role in the wood industry.
About Greenstone Holdings, Inc.
(www.egreenstone.com) Greenstone is in the business of offering a variety of "GREEN" technologies that are primarily used in the building and construction industries. The Company's first brand name product, Greenstone-GS (previously known as GreenShield), offers moisture protection to wood based building materials such as lumber, logs, plywood, drywall, windows, doors, railroad ties, fencing, and utility poles and provides added fire retardancy to the material to which it is applied. Greenstone also has the exclusive U.S. distribution rights to MagneLine, a polymer cement mortar designed to reinforce, repair, and protect metal and concrete structures such as bridges, highways, tunnels, and waterways. The Company also has the exclusive U.S. rights to market and sell Permeate, a unique anti-corrosion coating/paint for metal and concrete to be utilized for highway, bridges, transmission towers, aircraft, high speed train tracks, and sewer tunnels. The Company has not yet achieved sales of any of these products to date. The Company also has the rights to manufacture and sell a unique wood dryer (dry kiln) referred as GREEN-DRI, a biological drying technology which utilizes much less energy than do presently available conventional dry kilns.
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 PinkSheets and others.
CONTACT: Hisao Sal Miwa, Greenstone Holdings, Inc Tel: +1 877 387 3330 Toll Free e-mail: Inquiry@egreenstone.com WWW: http://www.egreenstone.com
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
For full details for GSHN click here.
JERSEY CITY, NJ, Nov 30, 2009 (M2 PRESSWIRE via COMTEX) -- GSHN | Quote | Chart | News | PowerRating -- Mr. Sal Miwa CEO, of Greenstone Holdings, Inc. (GSHN), announced today the Company has scheduled a Trade Conference with industry and government representatives and potential customers to present the results of its Phase II Testing of the GREENDRI the unique wood drying method developed in Japan and licensed to Greenstone Holdings, Inc. by the inventor. Mr. Miwa added that the results of the testing to date of various wood samples, including those of potential customers, have achieved very satisfactory results confirming that the results in Japan are achievable in the United States including substantial operating costs savings, perhaps well over 50% over conventional dry kilns presently used by United States mills, noted Mr. Miwa.
Anyone interested in attending should contact the Company at Greenstone Holdings, Inc., 35 Journal Square, Suite 423, Jersey City, New Jersey 07306, Fax: 646-304-2439 or Email: inquiry@egreenstone.com.
Mr. Miwa also reported that the Company presented at the New Jersey League of Municipalities in Atlantic City its other products, Permeate, Magnaline and a new licensed product a solid composite fiber rebar for use in concrete construction. The Company received a number of very positive reactions from government and industry representatives.
Regarding the lack of trading in the Company's Common Stock, on the Pink Sheets, trading has not resumed due largely to the still pending SEC investigation, which started in June 2008 and which remains unresolved.
On a positive note, in order to benefit shareholders when trading on the Pink Sheets is resumed, Mr. Miwa has donated back to the Company 150,000,000 shares of Common Stock and the Company's Counsel has cancelled $28,000 of the Company's debt to him and donated back to the Company 40,000,000 shares of Common Stock. Mr. Miwa stated that these steps will increase the public shareholders' percentage interest in the Company.
The Company has not generated any significant revenues in 2009 but Management continues to pursue all opportunities and is hopeful that 2010 will bring the fruits of its labor.
About Greenstone Holdings, Inc.
(www.egreenstone.com) Greenstone is in the business of providing a variety of "GREEN" chemical technologies that are primarily used in the building and construction industry. The Company's first brand name product, Greenstone -GS (previously known as GreenShield), offers moisture protection to wood based building materials and others such as lumber, logs, plywood, drywall, windows, doors, railroad ties, fencing, and utility poles. It also offers added fire retardancy to the material it is applied to. Greenstone also exclusively distributes MagneLine , a polymer cement mortar to reinforce, repair, or protect metal and concrete structures such as bridges, Permeate, a very unique chemical sealer for metal and concrete, and Green-Dri dry kiln for drying wood faster but cleanly and inexpensively, ideal for lumbers, music instrument, and wood panels.
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 PinkSheets and others.
CONTACT: Sal Miwa, CEO, Greenstone Holdings, Inc Tel: +1 877 387 3330 Toll Free e-mail: Inquiry@egreenstone.com
((M2 Communications disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.
For full details for GSHN click here.
we can always hope.....well i can at least
I've only seen it once.
But this one's not as viable and I wouldn't expect it to.
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Company info
Incorporated in the state of Florida in November 2000, Greenstone Holdings, Inc.(OTC Pinksheets GSHN) is headquartered in New York City.
Greenstone 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 and other products lncluding lumber, logs, plywood, drywall, window, door, railroad ties, fencing, and utility poles from moisture and fire. The $25 billion water damage market is one example of many which GreenShield sealer can find a niche in. Greenstone also distributes Green-Dri™, revolutionary biological dry kiln for drying wood, Permeate™, a very unique chemical sealer for metal, concrete, and other construction material, MagneLine ®, a very strong polymer cement mortar to reinforce metal and concrete structures such as bridges and highways, Crystal-Guard™ an asbestos encapsulant which will also enable economical detoxification of removed asbestos, Anz Ceramic Coating ™ , a coating to reflect sun's ray.
The Company's sales distributions are segmented into the following three main areas:
1. Distributor Network
Applicators (Dealers) to apply GreenShield on buildings
2. Direct Sales Network
Building & Construction Material Manufacturers
Prefab Building / Log Home Manufacturers
Sawmills / Wood Treaters
Construction Companies
Power & Oil Companies
Government Agencies (DOT's, etc)
3. Partnership
ECORail Products: Railroad Industry (GreenShield)
Sheppard Global: Aviation Industry (Permeate)
Currently, GreenShield chemical is produced at the Company's blender location in Jonesboro, AR. Permeate is produced by D&D Corp.in Yokkaichi, Japan, MangeLine is produced by Magne Corp. in Fukuoka, Japan, Crystal-Guard is produced by M-Tec Co.Ltd. in Sakai, Japan, Anz Ceramic Coating in Hiroshima, Japan, and Green-Dri is produced by Nippon Funen Mokuzai Co. in Macksburg, OH. The Company also has a storgage facility in Jersey City, NJ.
Greenstone presents
GREENER & CLEANER FUTURE
Due to public perception, most people are surprised to learn the following facts:
The Continent that boasts the world's largest per-capita wood consumption is NORTH AMERICA.... yet our forests cover approximately the same area of land as they did 100 years ago. According to the United Nations, our forests have expanded by nearly 100 million acres over the past decade....wood is and has been a truly sustainable natural resource.
Cutting down an old tree will result in a net reduction of carbon dioxide as long as it is replaced by a young tree. An old tree consumes less carbon dioxide than a younger tree....a well managed forest will help reduce Green House Gas Emissions.
We are all GREEN
Greenstone's products are all "GREEN" products.
GreenShield™ will help create a "Greener" world environment by utilizing sustainable natural resources and will reduce our reliance on fossil based products. Permeate™ and MagneLine ® will help reduce landfill build-up by making building last longer, and by saving lives at the same time. Green-Dri™ will reduce the amount of energy usage and wood waste. Crystal-Guard™ will make building safer from asbestos and reduce energy usage for disposal. Anz Ceramic Coating™(ACC) will reduce the amount of air conditioning electricity usage by keeping buildings and vehicles cooler. Also, ACC can make the people more productive, like HERU-met™, a ACC coated hard hat by keeping worker's head cooler and safer.
Products
Our product lines are all unique, innovative, and "Green". Our products cover a wide range of applications in the building and construction industry:
GREENSHIELD: Protects Wood from Weather and Fire
PERMEATE: Sealers & Paints to protect Metal and Concrete Structures
MAGNELINE: Repairs, Reinforces, and Protects Metal-Concrete Structure
GREEN-DRI: Dries Wood Much Faster than conventional method
CRYSTAL-GUARD: Makes Asbestos Harmless
ANZ CERAMIC COATING: Reflects 90% of Sun's heat
FIRE-PRUF: Makes Wood Non-Flammable
HERU-met: Reflects off the sun's heat rays/ Does not retain heat/ A Cool head = More productivity
http://www.egreenstone.com
http://www.egreenstone.com/news.php
http://www.egreenstone.com/documents/FactSheet-80326.pdf
VIDEO DEMONSTRATION >>> http://www.youtube.com/user/Egreenstone
Qaurterly Report Mar 31, 2008
http://www.pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=14934
CEO INTERVIEW >>> http://www.egreenstone.com/GSHNceoCorner02-21-08R1.mp3
Background info on the CEO
Prior to joining Greenstone in 2004, Mr. Miwa was Chief Operating Officer and a Director of RealRead Inc., an online document service provider in New York, San Jose, and Tokyo. The RealRead document service is used by book & magazine publishers and others. He has also been on the Board of Advanced Environmental Recycling Technologies, Inc. (AERT), a NASDAQ listed wood composite decking manufacturer in Arkansas since 1994. Mr. Miwa has served as Chairman of the Board for three years and Vice Chairman for 6 years. AERT's ChoiceDek and MoistureShield decking products are sold throughout Lowe’s 1,500 stores. In addition, he holds board memberships at a number of private corporations around the world. In the past 25 years, he was instrumental in forming several start-up companies in various fields from commercial real estate, to injection mold manufacturing, to importing fiber telecommunication equipment and has successfully managed these companies. Mr. Miwa holds a Bachelor of Science Degree in Aeronautical Engineering from Embry-Riddle Aeronautical University and a Master Degree in Aeronautics and Astronautics Engineering from Massachusetts Institute of Technology.(MIT)
Estimated Market Cap
81.39k as of oct 30, 2008
Outstanding Shares: 813,860,121 as of aug 25, 2008
Authorized Shares
2 billion as of may 12, 2008
Float
317,500,014 as of aug 25, 2008
Transfer Agent
Corporate Stock Transfer, Inc.
3200 Cherry Creek Drive South
Denver, CO 80209
303-282-4800
Investor Relations Contact
M&M Investors Relations
Dominic Martinez
Toll Free: 866-508-2092
Direct: 719-784-2092
dominic@mandminvestorrelations.com
INFORMATION
info@egreenstone.com
Greenstone Holdings Inc.
Greenstone Holdings Inc.
35 Journal Square, Suite 481
Jersey City, New Jersey 07306
Phone: 877-387-3330
Fax: 646-304-2439
E-mail: inquiry@egreenstone.com
Disclosure Category
Limited Information
Business Indicator
Development Stage Company
Primary SIC — Industry Classification
2400 - Lumber & Wood Products (No Furniture)
State Of Incorporation
FL
Jurisdiction Of Incorporation
USA
Year Of Incorporation
2000
GREENSTONE TEAM
H.SAL MIWA, ACTING CHIEF EXECUTIVE OFFICER, CHAIRMAN
DARRELL KELSOE, CHIEF TECHNOLOGY OFFICER, SR.VP., DIRECTOR
Outside Board of Directors
SAL A. CORTORILLO, VICE CHAIRMAN
MICHAEL TULL
JIM TYE
Advisory Board
JOHN SQUIRES
ROBERT D. LLORENTE, CIE, CMR
CLIFFORD E. WOODWARD, P.E.,
DAVE T.CROW
JAMES H.CULP, Ph.D
Market Overview
Followings are some of the statistics on various markets, Greenstone products are targeting:
Moisture Damage and Others: Water/Mold/Mildew/Rot/Decay/Termite
Back in 2002, even before hurricanes Katrina and Rita, the total amount of homeowners’ insurance claims nationwide for water damage, which includes ones from mold and freezing, was over $25 billion. The termite damage claims were approximately $11 billion.
Fire
According to U.S.Fire Administration (a part of FEMA), in 2006, 1.6 million fires were reported with direct property loss estimated to be $11.3 billion. 3,245 civilians and 106 fire fighters lost their lives.
Housing
According to U.S.Census Bureau, 1.98 million new homes were built in 2006. However, for 2007, it is expected to drop to 1.52 million. As for the existing housing, the number of total U.S. house hold was 108,871,000 in 2005 which includes moble homes and apartments. The Average Square Feet of Floor Area in New One-Family Houses Completed for 1976 was 1,700, for 1986 was 1,825, for 1996 was 2,120, and for 2006 was 2,469, increasing steadily over the years.
Log Homes
According to NAHB (National Association of Home Builders) and Log Homes Council, there are more than 500,000 log homes in the United States and more than 90% are used as primary residences. In the mid-1980's about 7,000 log homes were sold a year. Currently, that figure is over 25,000. There are more than 500 log home manufacturers and more than 2,600 builder/dealers in the U.S. and Canada. U.S. production of log homes represents 7% of custom home construction in the U.S. The typical log home has over 2,000 square feet of living space compared to 1,100 square feet 15 years ago.
CCA Treated Wood
For over 50 years, CCA (Chromated Copper Arsenate) was used as a preservative to treat wood in the United States. However, due to known carcinogens, Arsenic, CCA has been banned from residential use since the end of 2003. The most of these treated lumbers are used on decks. with 46% of US homes having a deck (Coatings World Feb '08). Out of all these decks, 2 to 3 million existing decks are estimated to contain CCA treated wood which translates into somewhere between 600 and 900 million square feet of decking surface. In addition to decking, there are other CCA treated wood products out there exposing people to possible health risks, including many children such as using wooden playground equipment.
Plywood Wood & OSB (Oriented Strand Board)
According to the Engineered Wood Association (APA), North American structual wood panel (plywood and OSB) production is expected to total 40.2 billion square feet (3/8 inch thickness basis) for year 2007 down 2.2 billion square feet from 2006 and 2.9 billion from the record mark 43.1 billion in 2005. (Note: On average 400 square feet of surface can be sprayed with one gallon of GreenShield. The current suggested retail price of GreenShield is $70 per gallon)
Railroad Products (Cross ties, freight car decking, etc.)
Over 90% of all railroad ties are still wooden and approximately 20 million railroad ties are produced in the United States each year to replace aging cross ties. Environmentally damaging Creosote is still being used to treat most of cross ties, and an alternative chemical has been seriously sought out to replace the existing Creosote process. In some markets, Creosote usage has been banned and cross ties are not being treated which reduces their usage to only 3 years or less. For decades, railroads spent little on expansion, even tore up surplus track and shrank routes. But since 2000, they have spent $10 billion to expand tracks, built freight yards and bought locomotives, and they have $12 bilion more in upgrade planned. Because of the oil (gas) price surges in recent years, railroads are cutting into the business of the two million long-haul freight trucks in the US., which account for 350 million shipments a year. Railroads have also found friends among environmentalists, who see moving freight by train rather than truck as a way to reduce fuel burning and emissions. (WSJ 2/13/07).
Windows & Doors
In 2005, more than 70 million windows were sold in the United States and about 40% of that were wooden ones. Out of $30 billion Window & Door market, wooden windows and doors also acount for approximately 40%, $12 billion.
Dry Kilns
According to United Nation's Economic figures for 2006, approximately 66 billion board feet of sawn wood were produced in the North America. More than half of those need to be kiln dried by approximately 10,000 existing dry kilns.
Corrosion
According to the Federal Highway Administration's 2001 report, the total direct cost in the US from corrosion is estimated to be $276 billion per year. Of that, $8.3 billion was spent on highway bridges and $2.2 billion was spent on aircraft. Also, 2001 GAO study on corrosion cost for the US military estimatesto be approximatelty $20 billion.
Galvanized Steel
According to American Galvanizer Association, 3.1 million tons of galvanized steel was produced in 2006. Average galvanized surface area per ton of steel is 250 ft2 according to a NACE Paper. Therefore, the potential surface area for Permeate is approximately 800 million Square Feet per year.
Bridges
According to the Federal Highway Administration, there are 586,000 bridges in the United States and approximately 1/3 of that are in need of repair or replacement.
Concrete
According to the Concrete Construction, November 2005 article, the concrete construction cost in the US was $109.6 billion in 2004 and 484 million cubic yards of ready mixed concrete was produced.
Earthquake
The U.S. Geological Survey (USGS) estimates that several million earthquakes occur in the world each year. According to CUREe (California Universities for Research in Earthquake Engineering), the 1994 Northridge Earthquake in California, which registered 6.7 on the Richter scale, caused $40 billion in property loss. USGS shows that we experienced fifty-five earthquakes with magnitudes of six or higher between year 2000 and 2007 in the United States and 1,263 around the world. The State of California experienced approximately 75 percent of the nationa's seismic activity. The number of these large quakes have stayed relatively constant and not on increase, according to USGS.
Asbestos
Asbestos is a naturally occurring mineral fiber that has been used in more than 3,000 different construction materials and manufactured products. It is commonly found in heating system insulation, decorative spray-on ceiling treatments, vinyl flooring, cement shake siding and a variety of additional materials. Some asbestos-containing materials were still being installed into the late 1980s.All types of asbestos tend to break into very tiny fibers. These individual fibers are so small that many must be identified using a microscope. In fact, some individual fibers may be up to 700 times smaller than a human hair. Because asbestos fibers are so small, once released into the air, they may stay suspended there for hours or even days. Asbestos fibers are also virtually indestructible. They are resistant to chemicals and heat, and they are very stable in the environment. They do not evaporate into air or dissolve in water, and they are not broken down over time. Asbestos is probably the best insulator known to man. Usually asbestos is mixed with other materials to actually form the products. Floor tiles, for example, may contain only a small percentage of asbestos.The asbestos content of different materials varies according to the product and how it is used. Among those materials with higher concentrations of asbestos are insulation products on heating systems and the backing on sheet vinyl flooring. However, an uncontrolled disturbance of any asbestos-containing material in any concentration may be dangerous to your health!
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