GETH News .018 Green EnviroTech Holdings Corp. (GETH) announces that Ebbros Energy Partners principals invest in GETH

2012-06-19 10:08 ET - News Release

RIVERBANK, Calif., June 19, 2012 /PRNewswire/ -- Green EnviroTech Holdings Corp. (Pinksheets: GETH) announced today that principals of Ebbros Energy Partners, LLC have acquired an interest in Green EnviroTech Holdings, Corp. GETH CEO Gary M. De Laurentiis stated, "This is an important development for GETH and demonstrates the commitment of Ebbros to become a long term partner with GETH.  Ebbros believes in GETH's team and its technology. We have been working together with Ebbros on a joint development project for 18 months and we are in the process of finalizing all contracts needed to proceed to the next critical step. Ebbros has decided not only to fund the plants but also to invest in the Company."

De Laurentiis added, "We are working with a local city government in California on the permits and a building with a commercial realtor who is negotiating the rental terms for the identified building. We continue to be encouraged at the progress we are making and will be releasing detailed information as it becomes available."

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