OAKDALE, June 26, 2014 (GLOBE NEWSWIRE) -- Green EnviroTech Holdings Corp. ("GETH") (OTCQB: GETH) announced today that the company has released its Annual Research Report which can be viewed on the company website.
The Annual Research Report summarizes certain milestones reached by GETH and provides an overview of planned future development and the accompanying financial projections.
Commenting on this Annual Research Report, CEO Gary De Laurentiis stated: GETH is through its development phase, and we have been successful in bringing our refined light sweet crude oil to the market with EBITDA margins projected to be above 40%. Considering the projections with the planned roll out of ten GETH plants in 5 years (each with 10-systems each) and our patent pending technology rights, we anticipate future milestones which should add tremendous value to our company and our shareholders."
Please copy and paste the link below to view the GETH Annual Research Report on our website and additional information regarding our company and technology:
Green EnviroTech Holdings Corp.
Green EnviroTech Holdings (GETH) is a green innovative conversion technology company, which holds a patent pending process for converting waste tires and mixed plastics, destined for landfills, into high-grade oil. The company has received a contract to purchase GETH oil from ConocoPhillips (NYSE: COP). The GETH process helps solve America's environmental issues. Each GETH system converts approximately 545,000 tires per year into 17,220 barrels of oil and by-products (Syngas, Carbon and Steel). The process also converts 12,000,000 pounds of mixed post-consumer plastics per year, not currently recycled, and produces 32,500 barrels of oil and by-products. The GETH process produces no emissions.
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Safe Harbor Statement: GETH cautions that statements made in press releases constitute forward-looking statements, and makes no guarantees of future performances and actual results/developments may differ materially from projections in forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the time statements are made.
CONTACT: Investor Relations Contact: EraStar, Inc. Steffan Dalsgaard, President Las Vegas World Headquarters (702) 480-9800 office
Source:Green EnviroTech Holdings Corp.