Green Hygienics Holdings Inc. Provides Shareholders and Investors With an Executive Update on Corporate Development
09 June 2014 - 11:00PM
Marketwired
Green Hygienics Holdings Inc. Provides Shareholders and Investors
With an Executive Update on Corporate Development
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2014) - Green
Hygienics Holdings Inc. (OTCQB:GRYN) is pleased to provide its
shareholders and investors with the following executive update on
its current activities.
The stated objectives for the company are to:
- Build a team that understands the sustainable energy business,
can navigate rapidly changing markets, and knows how to lead the
development and commercialization of new technologies and business
models. This is a highly entrepreneurial environment.
- Identify acquisition targets or business opportunities in the
CleanTech sector where there is an existing and compelling demand
for an immediate solution, as well as market potential on a global
scale.
- Achieve significant revenue growth and profitability by
consistently providing "best in class" engineered energy solutions,
as well as impeccable service to our clients.
- Reducing carbon outputs and creating significant cost savings
in our clients operations. We are dedicated to being valued as a
reliable solution to our clients' alternate clean energy source
requirements.
Over the last six months the company has appointed three
accomplished individuals to the Advisory Board:
- Mark Haller is a renowned industry expert on wind energy
technology and deployment. He is the principal at Haller Wind
Consulting LLC., which specializes in Advanced Technology Market
Entry Consulting in the wind energy sector. His expertise includes
but is not limited to wind assessment, feasibility studies,
equipment selection, interconnection details and power load
balancing.
- Dave Vaishnav has held Senior Leadership Positions and
Entrepreneurial Roles on projects from initial design to "just in
time" delivery for corporate organizations such as the US Air
Force, Military and GE and Boeing. Mr. Vaishnav received a Bachelor
of Engineering from Gujarat University in India as well as Master
of Business Administration (MBA) Degree from Western Washington
University in USA with a focus on International Business.
- Peter Sherba specializes in contract procurement, project
planning and execution and has a proven track record of creating
shareholder value. He is actively involved in the growth and
development of several CleanTech companies.
The company has sourced and identified several potential
acquisitions that would create immediate distribution potential in
both the Canadian Oilfields and the Brazil energy market.
Additionally, several properties have been identified for
establishing the company's first CleanTech Product Wholesale
Distribution Center in Brazil.
As stated, the market is vast in Brazil and there is a
tremendous demand for CleanTech energy solutions as well as support
from the state and federal legislative bodies. With all products
brought to Brazil the company will accumulate rights and licenses
as well as work with these entities to import "best in class"
CleanTech energy solutions as well as develop proprietary
Intellectual Properties. This will also translate into balance
sheet value and solid shareholder value in the future.
Properties for potential wind farm locations have also been
identified and are under review by the company. In January the
company secured 12 - 2 Megawatt Wind Turbines at a significant
discount to market is very significant for Green Hygienics in that
approximately 65% of the total cost to build out a wind farm is the
cost of the wind turbines themselves. The payout on the financing
or option agreement is approx. $ 2.3 million. The market value of
these turbines is estimated to be between $18 and 24 million.
Currently in several countries there is a one-year waiting list for
the purchase and delivery of wind turbines. The potential for the
company to realize value in excess of this would be to secure a
power purchase agreement and build a wind farm to create a
significant revenue stream. The company is also looking at cash
offers and joint venture proposals for the wind turbines and will
make a decision that best supports the interests of all
stakeholders.
Green Hygienics is also pursuing the commercialization of a
Patented Hybrid Vanadium Redox Flow Battery (HVRFB) or
"BIONBATTERY" with Aartha USA Inc. There is tremendous opportunity
in offering an economical electricity storage solution, in
particular for Wind and Solar with mass-storage battery solutions.
The technology has the potential to be a game-changer in the mass
energy storage industry. It is widely recognized that alternative
energy solutions such as Wind and Solar have been in great need of
a cost-effective energy storage solution. But, the technology
simply hasn't been there, or was too expensive to make a business
case. A safer, lower cost HVRFB has the potential to provide an
answer to this critical need. There is a vast potential opportunity
of offering a combined fuel cell/battery solution in particular for
Wind and Solar with mass-storage battery solutions. This is
particularly true where there is a significant difference between
times of low demand and peak-demand for power.
Most importantly, during this period the company has continued
to maintain the integrity of it's exceptional corporate structure
with less than 12 million Common Shares outstanding fully diluted
and less than 2 million free trading. It is poised to capitalize on
an opportunity as well as a financing with favorable terms without
diluting its loyal shareholder base. With no long term debt or
preferred shares it is very well structured as a secure investment
and positioned for a substantial increase in value.
It is also significant to note that the entire advisory board is
receiving compensation by way of options priced at one dollar. This
is a clear indication of the commitment and belief of this group in
their own ability to create shareholder value. Each individual has
made a four-year commitment to the company, has a proven track
record of success and has extensive business experience. Visit the
website to read more about these individuals.
www.greenhygienicsholdings.com
"The Green Hygienics team will continue to pursue and
support the company's plan for an aggressive growth strategy. The
economics and politics of sustainability initiatives continue to
drive demand for new technology solutions and create business
opportunities. We are working in a great space, we are committed to
stay the course and we will capitalize on these initiatives to
build a solid company for the benefit of all stakeholders."
Dave Ashby, CEO
About Green Hygienics Holdings Inc.
The Company is focused on developing assets, creating
Intellectual Property and investing in or acquiring companies that
supply alternate clean energy sources. The alternatives to sectors
that currently use power supplied by hydrocarbons are clean energy
sources that include wind, solar and biomass. Green Hygienics
Holdings Inc. is registered in the state of Nevada, USA and is an
audited, fully reporting company in both the Canada and the
USA.
Forward-looking Statements
This press release contains forward-looking statements
concerning future events and the Company's growth and business
strategy. Words such as "expects," "will," "intends," "plans,"
"believes," "anticipates," "hopes," "estimates," and variations on
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. Forward looking statements in this
press release include statements about our clean energy strategies.
These statements involve known and unknown risks and are based upon
a number of assumptions and estimates that are inherently subject
to significant uncertainties and contingencies, many of which are
beyond the control of the Company. Actual results may differ
materially from those expressed or implied by such forward-looking
statements. The Company expressly disclaims any obligations or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in the Company's expectations with respect thereto or any change in
events, conditions or circumstances on which any statement is
based.
Green Hygienics Holdings Inc.David AshbyCEO1 855 922
2368info@greenhygienicsholdings.comwww.greenhygienicsholdings.com
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