(PublicWire) — GreenHouse Holdings, Inc. (OTCBB: GRHU) (the “Company”) announced the 5 for 1 forward split of its common stock will be effective upon the open of trading today. The stock will begin trading on a split-adjusted basis.
Chris Ursitti, the Company’s Chief Executive Officer, stated, “The forward split is yet another step in GreenHouse’s process of going public. The common stock will now more properly reflect the Company’s capitalization.”
As a result of the split, the company will have approximately 21,316,667 shares issued and outstanding. The number of shares of common stock subject to outstanding options and warrants issued by the company will also be increased proportionately. No fractional shares will be issued in connection with the split and stockholders who would be entitled to fractional shares will receive a whole share of common stock in lieu of receiving fractional shares.
About GreenHouse Holdings, Inc.
GreenHouse is a San Diego, California-based global energy solutions and ethanol fuel provider. The company develops sustainable and eco-friendly infrastructure that can be rapidly deployed, establishing the standard for delivering sustainable self-sufficiency to the world. Its three primary business segments—GreenHouse Builders, GreenHouse Energy and GreenHouse Community—address broad markets from homeowners and the building industry to corporations, governments, and Third World countries. GreenHouse offers consumers effective home improvement products that improve the environment and benefit homeowners financially through lower energy bills and reduced maintenance expenses.
Energy production includes scalable ethanol refineries, including the revolutionary at-home E-Fuel MicroFueler™ and the GridBuster (which combines with the MicroFueler to convert ethanol into electricity), to large-scale fleet operations. All ethanol is produced from non-corn-based organic waste.
For more information, visit www.greenhouseintl.com.
This press release contains forward-looking statements that reflect the Company’s current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by GreenHouse Holdings, Inc. are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company’s control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company’s expectations include, but are not limited to, those factors that are disclosed under the heading “Risk Factors” and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.