Green EnviroTech Holdings, Corp. Announces Conversion of $407,658 of Aged Debt at $0.50 per share
January 10 2017 - 5:00AM
Marketwired
Green EnviroTech Holdings, Corp. Announces Conversion of
$407,658 of Aged Debt at $0.50 per share
JAMESTOWN, CA-(Marketwired - Jan 10, 2017) - Green EnviroTech
Holdings, Corp. (OTC PINK: GETH ) is pleased to announce that the
company has entered into agreements to convert $407,658 of aged
debt into common stock at a stock conversion price of $0.50 per
share. Reported previously in an 8-K dated September 8, 2016, the
Company converted $2,024,059 in accrued and unpaid salary into
equity by issuing warrants convertible into 3,840,000 shares of the
Company's common stock with most all being converted at $0.50 per
share. The Company's total aggregate debt conversion into equity
was $2,431,717 in September and December.
As GETH CEO Chris Bowers explains, "This exchange is a further
demonstration of confidence from our creditors in the future
direction of the company. We are grateful for their support and
patience over the years we have been working to perfect our
technology and business model, and we look forward to sharing the
benefits of our success with them in the future. I would like to
thank Gary De Laurentiis for his dedication in working with our
creditors on this important topic for the company."
Gary De Laurentiis, GETH Chairman, added, "I am personally very
grateful to everyone who has supported GETH over the last few years
and am pleased to be able to make this announcement."
About Green EnviroTech Holdings Green EnviroTech Holdings, Corp.
(GETH) is a pioneer in sustainable economic development. Our
mission is to find practical, economical solutions that will clean
up the environment. Our technologies will convert waste into
valuable products and help to protect the planet.
Forward-Looking Statements This press release contains
forward-looking statements that relate to future events, including
our ability to raise capital, or to our future financial
performance, and involve known and unknown risks, uncertainties and
other factors that may cause our actual results, levels of
activity, performance, or achievements to be materially different
from any future results, levels of activity, performance or
achievements expressed or implied by these forward-looking
statements. 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
our control and which could, and likely will, materially affect
actual results, levels of activity, performance or achievements.
Any forward-looking statement reflects our current views with
respect to future events and is subject to these and other risks,
uncertainties and assumptions relating to our operations, results
of operations, growth strategy and liquidity. We assume 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.
For a discussion of these risks and uncertainties, please see
our filings with the Securities and Exchange Commission. Our public
filings with the SEC are available from commercial document
retrieval services and at the website maintained by the SEC at
http://www.sec.gov.
CONTACT INFORMATION Public Relations and Media Contact: LCG
Headquarter Office 702.333.4886 www.lcginfo.com
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