Green Equity Holdings Retires 1,975,000 of Free Trading Shares
Sep. 28, 2010 (Marketwire) --
DEERFIELD BEACH, FL -- (Marketwire) -- 09/28/10 -- Green Equity Holdings, Inc. (OTCQB: CXTO) (PINKSHEETS: CXTO) ("GEH") (www.GreenEquityHoldings.com), a holding company focused on investing in novel technologies primarily in the clean energy sector, announced today that it has retired 1,975,000 of free trading common shares back into the treasury in an effort to increase shareholder value.
"Since our merger with CX2 Technologies in June, we have focused on creating a solid foundation to attract new investors and reward our existing shareholders. As a result of retiring these shares, we have strengthened our balance sheet. Combined with our current reporting status and listing on the OTCQB, we are creating a favorable capital structure to successfully implement our investment strategy," said Raymond Dias, Founder, President and Chief Executive Officer of GEH.
About Green Equity Holdings, Inc.
Green Equity Holdings Inc. ("GEH") discovers, invests and/or acquires development-stage, high-growth businesses with novel solutions, clean technologies and eco-friendly products that serve the global alternative energy sector. Incorporated in 2002 in the State of Nevada, GEH is majority owned by Fusion Capital Investments Corporation. For more information, please visit www.GreenEquityHoldings.com.
Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Because such statements involve risks and uncertainties, the actual results and performance of the Company may differ materially from the results expressed or implied by such forward-looking statements. Given these uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Unless otherwise required by law, the Company also disclaims any obligation to update its view of any such risks or uncertainties or to announce publicly the result of any revisions to the forward-looking statements made here; however, readers should review carefully reports or documents the Company files periodically with the Securities and Exchange Commission.
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Contact:
Green Equity Holdings, Inc.
Raymond Dias
President
Email Contact
Tel: 954-573-1709
Source: Marketwire (September 28, 2010 - 8:30 AM EDT)
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