NEW YORK, Aug. 29, 2006 (PRIMEZONE) -- Greenstone Holdings, Inc. (Pink Sheets:GSHG) announced today that under Rule 15C211, the NASD has approved the company's market maker, Buckman, Buckman, and Reid to initiate trading on the Pink Sheets on August 3rd. Trading commenced the next day, August 4th. 2006.
About Greenstone Holdings, Inc.
Greenstone(r) (www.egreenstone.com), through its operating subsidiaries, is in the business of providing a variety of unique chemical technologies that are primarily used in the building and construction industry. The Chemical Technology Division's first brand name product, GreenShield(tm), offers wood/paper based building materials such as plywood and drywall, protection from water, moisture, and fire. It also offers added thermal insulation into the material it is applied to. In addition to its chemical products, through its subsidiary, Anytime Anywhere Restoration, Inc. (www.anytimerestoration.com), Greenstone is one of the country's leading specialists in mold remediation and emergency restoration of properties damaged by water, fire, and mold caused by accidents, natural disasters, floods, and hurricanes. Last summer the Anytime Anywhere Division expanded its business to the Gulf Coast area, which was affected by hurricanes Katrina, Rita, and Wilma. This resulted in revenues doubling in 2005 to $3.1 million from prior year-end 2004. This division is instrumental in setting up the applicator network for the chemicals produced by the Chemical Technology Division. A moderate hurricane season or the failure of the federal and state governments and their prime contractors to expedite the release of pending work orders could have an adverse effect on the company's revenue and profit for the current year. Greenstone is headquartered in Manhattan. The R&D production facility is located in Oxford, MS and the restoration service offices are in Hicksville, NY and Hattiesburg, MS. A corporate fact sheet can be downloaded at http://www.egreenstone.com/documents/FactSheet-60825A.pdf
Safe Harbor statement under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors effecting the Company's operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.