OAKDALE, July 10, 2014 (GLOBE NEWSWIRE) -- Green EnviroTech Holdings Corp. ("GETH" ) (OTCQB: GETH) announced today that the company has signed a definitive agreement with Tepia Corporation Japan Co., LTD ("Tepia"), which is Asia's leading consulting company through an introduction from Coast Northwest Management, LLC (COAST).
Gary De Laurentiis, CEO stated, "We are very pleased to announce the new partnerships with Tepia. GETH was introduced to Tepia by Coast Northwest Management, LLC, a private investment banking and executive business management services company based in Seattle whose team members have extensive global experience capable of matching GETH technology with the needs of the international market.We have been working with COAST for over a year now and they have been working diligently to introduce GETH to their contacts around the globe. The introduction to Tepia has been the most successful to date and we are discussing marketing our technology to several other entities in Asia."
De Laurentiis added, "The agreement states that Tepia will identify potential investors, stakeholders or financial partners who are interested in building GETH plants and identifying potential needs for GETH oil conversion technology application in the Asian market and in conducting sales activities to appropriate and concerned stakeholders and plant operators."
The agreements will be assigned to Black Lion Oil Limited, theowner of the non-US rights for the Green EnviroTech plastic/tire to oil technology.
Al Stone, Executive Director of COAST stated, "We believe that the business relationship with Tepia will effectively open up an enormous market for GETH technology applications in Asia. Countries such as China are now pressing forward to resolve their environmental challenges including waste recycling, alternative energy and air quality improvement, solutions. All of which are well suited to GETH's technology coupled with its revenue and profitable business model."
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. For further information about the Company, visit www.greenenvirotech.comand/or email email@example.com.
Tepia Corporation Japan Co., LTD
TEPIA corporation is Asia's leading consulting company providing various analytical and intelligent solutions for cross-border and technology-related business expansions. Recently well known for the significant presence in Climate Change & Low Carbon business, Tepia continues to provide effective and sustainable environmental solutions to its clients, with the hope of contributing to the future of Asia.
The Tepia group is a creative and dynamic global enterprise having comprehensive and deep understanding of Asian culture and business customs. Tepia Corporation Japan, the core of Tepia Group of companies, aims at serving as an intelligent service provider integrating best solutions.
For more than a decade, Tepia has been actively coordinating and linking various business interests in Asia through dedicated engagement in diverse spectrum of projects mainly those in energy and low-carbon business, water business, environment technology business, infrastructure development and trade business.
Tepia Corporation Japan
Shiroyama Trust Tower 31F, 4-3-1
Toranomon, Minato-Ku, Tokyo, Japan
Blacklion Oil LTD.
Blacklion is an Irish based company with its primary focus on emerging green technology that has international applications. Blacklion's first investment was the acquisition of the non-US rights for the Green EnviroTech plastic/tire to oil technology. Blacklion is currently partnering with regional technology companies in strategic markets to expand the GETH footprint.
Blacklion Oil LTD.
92/93 St. Stephens Green
Dublin D2 Ireland
+353 (1) 4283534
Coast Northwest Management, LLC (COAST)
COAST was founded in 1981 (form of entity revised in 1998) and has provided private investment banking and executive management services to a wide range of businesses from emerging and growth stage operating companies to major established companies. COAST and its associates have developed operating alliances with a network of diverse professionals in the domestic and international markets and draws from such network to serve its clients. COAST, in association with TEPIA, is looking forward to continuing its efforts to assist GETH's expansion into the Asian market.
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Source:Green EnviroTech Holdings Corp.