Text Size
   
YouCMSAndBlog Module Generator Wizard Plugin

GETH

GETH Is Our Breakout Play For Monday

Company: Green EnviroTech Holdings Corp.

Symbol: GETH.pk

Current PPS: $0.023<= Rock Bottom PPS HUGE upside potential

10 Day Avg. Volume: 14.6M

Website: www.greenenvirotech.com

About the Company:

Green EnviroTech Holdings Corp. (GETH.pk) founded in 2008 and headquartered in Riverbank, California GETH is a plastics and tires recovery and recycling company which removes contaminants from recovered plastic recaptured from end of life automotive vehicles shredded for their metal. GETH specializes in processing the recovered plastic to produce compounded plastic resin and light sweet crude oil as end products. GETH's one of a kind patented method substantially reduces the amount of shredder residue going to landfills by up to 40 percent creating major cost savings for metal recyclers while at the same time dramatically reducing the volume of materials going to the landfill. Over the years GETH has developed long term strategic partnerships that allow them to receive feedstock at almost no cost and has also leveraged their patented technology to ensure guaranteed sale of 100% of its production output thereby creating a sustainable and high margin business model. A valuable by-product of the Green EnviroTech process is commercial grade, sweet crude oil that will also be sold to industry at market prices.

GETH is taking the plastic and tire recycling market by storm with plans to open several plants within the US.

In July  GETH entered into a non-binding Letter of Intent (LOI) with Ebbros I Investment Group, of Kansas City, Missouri  which specifies that Ebbros will develop the plants, including all infrastructures, install all necessary equipment, and lease the same back to GETH. The letter of intent also contemplates that Ebbros will also purchase all oil produced at the plants. The lease-back agreement under the letter of intent is to be for a period of ten years, and GETH will have a buy back clause during this period for the purchase of the physical site and equipment. The contract is set to be completed in the upcoming quarter so plan on hearing some big news very shortly.

As we mentioned before GETH released some market friendly news after Friday's close.

Today's alert comes very timely as GETH has yet to be traded since this news has been released.

It was made public that GETH has sold the "permit to construct" for the Riverbank, California proposed waste plastic to oil processing facility to WM Riverbank Recovery , LLC, Beaverton, OR.

The planned 50,000 square ft. facility will recycle difficult-to-recycle plastic waste starting with agricultural mulch film, fumigation film and irrigation drip tape (LDPE) into crude oil utilizing patented, proven and commercially viable technology from their strategic partner Agilyx. This will be the company's first facility in California and will utilize the Agilyx technology.

The project once operational later this year will represent new employment opportunities, environmental stewardship and domestic energy production at a time and place where these attributes will bring tremendous value to the local community.

We are putting GETH on HIGH ALERT.

We suggest all members keep a close eye on GETH tomorrow morning.

Remember as always we will be releasing our full report on GETH early tomorrow at 7:30am EST so be sure to check your inbox.

Follow PennyStockLocks on Facebook and Twitter for the latest news and updates on GETH!!!

Green EnviroTech Holdings Corp. Sells "Permit to Construct" to WM Riverbank Recovery, LLC.
6:35p ET March 23, 2012 (PR NewsWire)

Green EnviroTech Holdings Corp. (Pinksheets: GETH) has sold the "permit to construct" for the Riverbank, California proposed waste plastic to oil processing facility to WM Riverbank Recovery , LLC, Beaverton, OR.

The planned 50,000 square ft. facility will recycle difficult-to-recycle plastic waste starting with agricultural mulch film, fumigation film and irrigation drip tape (LDPE) into crude oil utilizing patented, proven and commercially viable technology from Agilyx. This will be the company's first facility in California and will utilize the Agilyx technology.

CEO Gary De Laurentiis stated, "The sale of the permit to Agilyx will allow GETH to focus on the two major projects at hand. First is our proposed plant for waste plastic and tires to oil in Mississippi. This plant is planned to be funded by Ebbros I Investment Group, of Kansas City, MO. Second is our proposed plant in Wisconsin to process shredder residue to oil and compounded plastic. The funding for this plant is in planned to be with ACG Companies and the EB5 program. We have identified two locations in Wisconsin that meet the criteria for the EB5 program. We should have a definite location set within the next few weeks. Once the location is finalized the timeline to begin construction should be within 6 - 8 months. Funding for both plants have LOI's signed and negotiations are in the process to finalize the funding."

Brent Bostwick, Chief Commercialization Officer with Agilyx stated, "We are pleased to see that WM Riverbank Recovery, LLC has been able to acquire the 'permits to construct' in Riverbank, California. Mr. De Laurentiis, the teams at Green EnviroTech Holdings and the Local Redevelopment Authority in Riverbank have all done a great job in developing the project to this stage."

The project once operational later this year will represent new employment opportunities, environmental stewardship and domestic energy production at a time and place where these attributes will bring tremendous value to the local community.

Enhanced by Zemanta

FREE Stock Alerts

 

Partner Sites

Follow Us On

As Seen On...

IHUB

MarketWatch

Yahoo Finance

Google Finance

MSN

Penny Stock Picks