Green Envirotech Holdings Corp (GETH)

[BeerIsGood]

more plants that never happened

GETH PR 03/23/2012

CEO Gary De Laurentiis stated, "... will allow GETH to focus on the two major projects at hand. First is our proposed plant for waste plastic and tires to oil in Mississippi. This plant is planned to be funded by Ebbros I Investment Group, of Kansas City, MO. Second is our proposed plant in Wisconsin to process shredder residue to oil and compounded plastic. The funding for this plant is in planned to be with ACG Companies and the EB5 program. We have identified two locations in Wisconsin that meet the criteria for the EB5 program. We should have a definite location set within the next few weeks. Once the location is finalized the timeline to begin construction should be within 6 – 8 months. Funding for both plants have LOI's signed and negotiations are in the process to finalize the funding."