[b]$GRST[/b] .29 Today's News GreeneStone Healthcare Discusses Plans to Expand Addiction Treatment Capacity in Online Interview and TV Profile
TORONTO, March 12, Mar 12, 2013 (GLOBE NEWSWIRE via COMTEX) -- GreeneStone Healthcare Corporation (OTCBB:GRST), a provider of Healthcare services and operator of several mental health clinics, discusses in an online interview plans to expand their bed capacity at their addiction treatment centers. Shawn Leon, the Chairman and CEO of GreeneStone Healthcare Corporation ("GreeneStone") discusses not only current operations, and top line growth in their earnings revenue, but also explores plans to expand current addiction treatment capacity to 200 beds through strategic acquisitions and internal growth.
To access the online interview please visit http://www.wallstreetnewscast.com/profile/grst.html
As part of the future business strategy GreeneStone plans to aggressively market to corporations and insurers with a model that demonstrates the cost savings to corporations when active treatment is an integral part of dealing with mental health and addiction issues in the workplace. The Business News Network has done a profile on GreeneStone that highlights the way that GreeneStone plans to expand and fill the 200 beds that it will bring on stream in the next 24 months.
To access the BNN business profile please visit http://watch.bnn.ca/#clip863464
Talking further about his plans Leon said, "To further accentuate the effect of inappropriate and non-existent treatment of maladies affecting employees you can read yesterday's Globe and Mail article by Gwyn Morgan. The article drives home the point which we have been making over and over. An illness or ailment that is treatable should be treated quickly and properly so that the affected employee can get back to work. This is the polar opposite of letting an employee disintegrate into the wasteland of inattention and non-treatment."
To access this article please visit http://www.theglobeandmail.com/commentary/wil...le9539724/
Leon also went on to say, "In the same National Newspaper on the same day an Editorial highlighted the convergence of the US and the Canadian healthcare systems. We just have to have a mix of public and private options for the viability of the Canadian healthcare system today." GreeneStone has been positioned to provide services that would be operated privately for services covered by the healthcare system in Canada and to provide services which the public can pay for privately.
To access this editorial article please visit http://www.theglobeandmail.com/report-on-busi...le9578341/
Financial Earnings
For the nine months ending Sep. 30, 2012, the Company reported total revenues increased nearly 300% to $3,941,360, as compared to $1,017,431 for the same time period in 2011. For the same period, total net loss decreased nearly 33% to ($1,051,536) for the nine months ending Sept. 30, 2012, compared to a net loss of ($1,767,735) for the same period in 2011. The Company is expected to hold an investor call, to discuss their full year fiscal 2012 results in Early April 2013 shortly after the 2012 annual results are released.
About GreeneStone Corporation
GreeneStone Healthcare Corporation (OTCBB/QB:GRST) operates medical and healthcare clinics in Ontario, Canada. GreeneStone's clinics serve to add overflow capacity to an increasingly stretched provincial healthcare system, and provide private alternatives to publicly available healthcare services. Its four medical clinics (three in Toronto, along with a facility in Muskoka, Ontario) offer various medical services, including addiction treatment, endoscopy, minor cosmetic procedures, and executive health care services. The company currently has more than 60 employees and is based in Toronto, Ontario.
For further information on GreeneStone and to receive future news, investor newsletters, and other information, please visit www.greenestone.net and contact us at info@greenestone.net.
Notice Regarding Forward-Looking Statements
