TORONTO, March 1, 2013 (GLOBE NEWSWIRE) -- GreeneStone Healthcare Corporation (OTCBB:GRST), provider of Healthcare services and operator of several mental health clinics, announced that Ludlow Research has issued a research opinion on the company based on the expansion of addiction treatment centers, and the move towards profitability.
Investor Highlights
- Revenues Increasing Sharply
- Net Loss Decreasing
- On Track to Profitability
- Expanding Addiction Treatment Centers
Greenestone Healthcare's primary business is providing and managing addiction treatment centers in Canada. Currently the company operates 2 addiction treatment clinics, and is expected to increase their operation centers dramatically in the coming months through acquisitions and expansion. Since opening their first clinic in 2011, the company has experienced a sharp increase in revenues, and based on their growth looks primed to move into profitability within the coming months of 2013.
Current 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% from ($1,051,536), or ($0.07) EPS, for the nine months ending Sept. 30, 2012, compared to a net loss of ($1,767,735), or ($0.33) EPS, for the same period in 2011.
To view the full report, and access risks, disclosers, and potential outlook visit
http://www.wallstreetnewscast.com/profile/grst.html
About Ludlow Research
Ludlow Equity Research is a New York based equity research firm focused on providing our clients, and individual readers, with in-depth research coverage and opinions on the small-cap securities market. For over 14 years we have aimed to providing our subscribers a simple way of evaluating the current and potential value of small-cap stocks, and any risks that may affect those valuations going forward. Our goal is to provide traders with an easy way to make investment decisions based on current and future valuations. Ludlow Equity Research is a division of Ludlow Capital, Inc. www.ludlowresearch.com
About GreeneStone Corp.
GreeneStone Healthcare Corporation (OTCBB:GRST) (OTCQB: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
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to risks and uncertainties that could cause future results to differ materially from the forward-looking statements. You should consider these factors in evaluating the statements herein, and not rely on such statements. The forward-looking statements in this release are made as of the date hereof and Greenestone Healthcare Corporation undertakes no obligation to update such statements.