Green Hygienics Holdings,Inc. (GRYN)

[jepjr]

See news alert - http://ih.advfn.com/p.php?pid=nmona&article=62362849&symbol=GRYN

May be life in the old girl yet!

"Green Hygienics (GRYN:OTCQB) has a clear and compelling competitive advantage in Brazil," states Dave Ashby, President and CEO. "Given that we have worked hard to develop key relationships and are already on the ground with 12 - 2 megawatt wind turbines under contract at an extreme discount to market, we have some key advantages. The economics for other companies in this case not to mention the wait time for their turbines, time to build and deliver and logistical challenges make the barriers to entry for competitors severe and far more costly."

Ashby continues: "We acquired an option on the turbines through one of our principal shareholders and when exercised, would give us a cost of roughly $2.5 million or about $0.06 on the dollar. To replace these would be likely be in excess of $24 million. We are in the enviable position of owning an extremely valuable and sought after asset, which we could either sell, or arrange a JV to build a 24 megawatt wind farm. Once built, it would generate immediate and significant cash flow."

The revenue opportunities are no less compelling. Comparing the average North American wind farm economics and Brazil, using 35% and 60% daily wind time respectively, the annual production of energy would yield $6.6 million gross revenue for the former and almost 6 times that to $34 million for Brazil, which has almost twice the wind 'feed stock' and significantly higher power rates.