NEW YORK, January 22, 2008 -- Greenstone Holdings, Inc. (OTCPK: GSHN)
Mr. Sal Miwa, CEO of Greenstone announced today that the Company’s various
products are receiving support in the marketplace resulting in and increase in the
Company’s revenues. Mr. Miwa noted that although the revenues are modest,
they are nevertheless very significant because these are not trial orders, but
represent actual production orders, with follow up or repeat orders from
companies, which have actually used GreenShield™ on the customers’
properties, such as homes, decking, outside furniture, and building material
such as logs and plywood. Indeed, two test orders have been received from
customers, one of which has sizable potential for this year.
Mr. Miwa also reported that the response of customers concerning the quality of
Greenstone’s products is very, very positive, demonstrating a likelihood of more
follow up orders as demand increases, in the slumping housing market. Indeed,
Mr. Miwa added that Greenstone is very pleased that customers have found it
important to use GreenShield, despite the recent slowdown, predicting that the
Company is on track to have a consistent revenue flow, albeit limited, from
very satisfied customers.
About Greenstone Holdings, Inc.
(www.egreenstone.com) Through its operating subsidiaries, Greenstone® is in
the business of providing a variety of unique chemical technologies that are
primarily used in the building and construction industry. The Company's first
brand name product, GreenShield™, offers a solution for environmental
protection for wood based building materials and others such as lumber,
logs, plywood, drywall, railroad ties, fencing, and utility poles. It also offers
added fire retardancy to the material it is applied to. The $25 billion water
damage market is one example of many which GreenShield can find a niche
in. Greenstone also exclusively distributes Green-Dri™, revolutionary biological
dry kiln for drying wood, Permeate™, a very unique chemical sealer for metal,
concrete, and other construction material, and MagneLine®, a very strong
polymer cement mortar to repair or reinforce metal and concrete structures
such as bridges and highways.
Forward Looking Statements:
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995:
Except for historical information contained herein, the matters discussed in this press
release are forward-looking statements that involve risks and uncertainties, including
but not limited to economic, competitive, governmental and technological factors
effecting the Company's operations, markets, products and prices and other factors
discussed in the Company's various filings with the Securities and Exchange
Commission.
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