TORONTO, Feb. 19, 2013 (GLOBE NEWSWIRE) -- GreeneStone Healthcare Corporation (OTCBB:GRST), provider of Healthcare services and operator of several mental health clinics, today announced the engagement of the law firm JSBarkats PLLC, a corporate and securities law firm with offices in New York City, Los Angeles, California, Montgomery, Alabama, and Haifa, Israel, as well as affiliated offices in the Cayman Islands. Shawn Leon, the company's President and CEO, commented, "We are pleased to be working with the seasoned group of professionals at JSBarkats. Our choice of legal counsel for our company is dictated by our future goals. Within days, Sunny Barkats, the managing partner of the firm, was able to secure strategic meetings with investment funds and experienced placement agents in New York to discuss capital requirements necessary for the growth of GRST." He added, "I have never met anyone that works as fast and efficiently as Mr. Barkats and we are excited about all of the new partnerships we have been presented."
GreeneStone has identified Mental Health and Addiction as its most promising line of business. Provincial governments appear to recognize that investments in mental health, addiction, and other clinic-based medical services are necessary, but are limited by overall financial constraints. Similarly, Canadian employers increasingly recognize the important role that investments in clinic-based mental health and addiction treatments have in limiting overall health care costs, particularly in respect of certain employee populations that have unique risk profiles such as emergency service workers.
GreeneStone plans to follow its previously announced buy and build growth strategy and now has the support of JSBarkats to execute this strategy. "In the context of increasing demand for in-patient clinic treatment in Canada and increased opportunities for growth," Mr. Leon continued, "we expect to take advantage of the full suite of services offered by JSBarkats. JSBarkats brings a level of experience and insight into the capital markets that should be extremely beneficial to our company and our shareholders."
About GreeneStone Corp.
GreeneStone Healthcare Corporation (OTCBB/QB:GRST) operates medical and healthcare clinics in Ontario, Canada. GreeneStone's clinics serve to add overflow capacity to an increasingly stretched provincial healthcare system, and provide private alternatives to publicly available healthcare services. Its four medical clinics (three in Toronto, along with a facility in Muskoka, Ontario) offer various medical services, including addiction treatment, endoscopy, minor cosmetic procedures, and executive health care services. The company currently has more than 60 employees and is based in Toronto, Ontario.
About JSBarkats, PLLC
JSBarkats PLLC is a dynamic full-service law firm headquartered in the heart of New York specializing in Corporate, Capital Markets and Securities law. JSBarkats principally represents both established and publicly traded emerging growth companies, both domestic and foreign, in a wide variety of industries, including most notably healthcare and biotech. With 20+ attorneys located in New York, Los Angeles, Montgomery, Alabama, and Israel, the firm' synergy between its strong securities and commercial litigation group and its experienced corporate securities team represents venture capital firms, start-ups, investment banking institutions, broker dealers and high net worth individuals and other investors. http://www.JSBarkats.com
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and GreeneStone Healthcare Corporation undertakes no obligation to update such statements.