RIVERBANK, CA, Aug. 1, 2012 (GLOBE NEWSWIRE) -- Green EnviroTech Holdings Corp. (GETH) (OTCPinks: GETH) announced today that Michael Riley, an experienced transactional and corporate attorney, will join the company as their in house counsel for the GETH Waste Tire and Oil Production Division.
CEO of GETH Gary De Laurentiis stated; "We are very pleased to have Mr. Riley joining the GETH team. Mr. Riley has practiced law for over 25 years in the field of mergers, acquisitions, and litigation, served on numerous corporate boards and held the position as Chairman of a two billion dollar financial services group. Mr. Riley holds a J.D. Degree from the University of Notre Dame. With his extensive background in business finance, he will be able to guide GETH as it moves forward with its goals and initiatives in 2012 of waste tires and plastic to oil production. Mr. Riley stated, "I am pleased to accept the appointment as general counsel for Green EnviroTech. I believe the company is a unique combination of green energy and oil production that will define this sector.
Mr. De Laurentiis added; "GETH will continue to work with SRFF Law Firm of NYC on SEC matters but Mr. Riley who is located near the GETH first plant site will focus on helping the company execute the business plan.
About Green EnviroTech Holdings Corp.:
Green EnviroTech Holdings Corp. is a plastics and tires recovery and recycling company which removes contaminants from recovered plastic recaptured from end of life automotive vehicles shredded for their metal. Green EnviroTech Holdings Corp. processes this recovered plastic to produce compounded plastic resin and light sweet crude oil as end products. Its unique patented process significantly reduces the amount of shredder residue going to landfills by up to 40 percent creating considerable cost savings for metal recyclers while also dramatically reducing the volume of materials going to the landfill. The Company has developed long term strategic partnerships that allow it to receive feedstock at near zero cost and has also leveraged its patented technology to ensure guaranteed sale of 100% of its production output thereby creating a sustainable and high margin business model. A valuable by-product of the Green EnviroTech process is commercial grade, sweet crude oil that will also be sold to industry at market prices. For more information please visit www.greenenvirotech.com.
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