GreenHouse Holdings Inc. Announces Second Quarter Financial Results and Provides Shareholder Update
2:32p ET August 16, 2011 (Market Wire) GreenHouse Holdings, Inc. (OTCBB: GRHU) ("GreenHouse"), a San Diego, California-based integrated energy solutions provider and developer of eco-friendly infrastructure, today announced financial results for the Second Quarter ended June 30, 2011.
"Throughout the Second Quarter of 2011, we focused our efforts on bolstering key strategic relationships in the both the commercial sector and with governmental agencies," stated John Galt, CEO of GreenHouse Holdings. "In addition to securing several ADR contracts with California based municipalities in our Energy Efficiency Solutions ('EES') segment, the Company continued its preparations to break ground on its $100 million government contract for the design, development and construction of a national security training center, anticipated to start in the Fourth Quarter of 2011, in our Sustainable Facilities Solutions ('SFS') segment. We successfully added to our EES revenue via the acquisition of Costa Mesa, CA-based Control Engineering, Inc. (CEI), a provider of automation and control solutions including engineering, installation and integration services. We believe this fully integrated acquisition will provide us with additional revenue and increase both our operational and financial growth. Management is committed to increasing our revenue while reducing overhead across all business lines, as we strive to achieve our ultimate goals of increased earnings and improved shareholder value."
Recent Operational Highlights
