NEW YORK, March 30, 2011 (GLOBE NEWSWIRE) -- Gary De Laurentiis, CEO of Green EnviroTech () was recently featured in a news article from JSONLINE, a Milwaukee – Wisconsin publication.
Gary De Laurentiis stated, "We at Green EnviroTech are as excited as the city representatives of Sheboygan, Wisconsin. Our contribution to reduction of area landfills is a win-win for employment and for the environment. It's very gratifying."
The following is an excerpt from the article:
Every car contains hundreds of pounds of fluff that now ends up as daily landfill cover. Green EnviroTech, however, believes it has a process that can profitably salvage the plastic and rubber portions of the fluff.
"We think they're a company that's got a very good idea with a high likelihood of succeeding," said Joseph Kovacich, vice president of Milwaukee's Miller Compressing, which potentially would supply Green EnviroTech with fluff.
Sheboygan has embraced the California firm's plans. The Common Council in December approved issuing $25 million in bonds to help Green EnviroTech buy and equip the former International Automotive Components factory in the city. The auto-parts plant closed last year.
The council is to vote in April on a proposal to increase the bond issue to $30 million. While the city would issue the bonds, it would not be responsible for repaying the debt. That would be the company's duty.
The article in its entirety can be read at:
About Green EnviroTech Corp.
Green EnviroTech Corp. is a large scale plastics recycling and recovery company which removes and cleans contaminants from recycled automotive vehicles to produce a compounded resin product. Its unique patented process significantly reduces the amount of shredder residue going to landfills up to 40 per cent, which creates considerable cost savings for metal recyclers and the environment. The company has developed strategic partnerships with metal recycling companies and plans to leverage its recovery and manufacturing processes to primarily focus on automotive and durable goods applications and the production of sweet crude oil. Green EnviroTech Corp. is a wholly-owned subsidiary of Green EnviroTech Holdings Corp. (OTCBB:WCRM). ()
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CONTACT: Investor Relations of Green EnviroTech Holdings Corp. (888) 405-3160 ext. 1 greenenvirotechir@statcommgroup.com www.STATcommgroup.com
