Greenstone Announces Its Effort to Resolve SEC Suspension
June 23 2008 - 8:30AM
Marketwired
NEW YORK, NY announced today that on June 18, 2008 the
Securities and Exchange Commission (SEC) ordered a temporary
suspension of trading of the Company's Common Stock until July 1,
2008. The Company is presently conferring with the SEC in an
attempt to resolve the issues. The Company has not been made aware
of the reasons for the Suspension Order, except that there was a
reference to recent SEC action suspending trading in approximately
twenty companies because of e-mail spamming allegedly originating
from third parties. No such activity was ever authorized by the
Company, and if it did occur, was done without the Company's prior
knowledge. With respect to a recent significant spike or sudden
dramatic increase in the price of the Company's Common Stock and a
significant increase in the volume of traded shares, such had
nothing to do with any events relating to the Company's business.
The Company intends to investigate any possible spamming and
intends to fully cooperate with the SEC's staff to resolve any open
issues.
This SEC suspension documentation can be viewed at
http://www.sec.gov/litigation/suspensions.shtml.
About Greenstone Holdings, Inc.
Greenstone� (www.egreenstone.com) is in the business of
providing a variety of unique chemical technologies that are
primarily used in the building and construction industry. The
Company's first brand name product, GreenShield(TM), offers a
"green" solution to protect wood-based building materials such as
lumber, logs, plywood, drywall, railroad ties, fencing, and utility
poles from destructive environmental elements. It also offers added
fire retardancy to the material it is applied to. The $25 billion
water damage market is just one example of the perfect niche for
GreenShield. Greenstone also exclusively distributes Green-Dri(TM),
a revolutionary biological dry kiln for drying wood, Permeate(TM),
a very unique anti-corrosion sealer paint for metal, concrete, and
other construction materials, MagneLine�, a very strong polymer
cement mortar used to reinforce and/or repair metal and concrete
structures such as bridges and highways, Crystal-Guard(TM), an
innovative chemical to make asbestos harmless and recyclable, and
Anz Ceramic Coating(TM), a revolutionary coating to reflect the
sun's heat rays.
Forward-Looking Statements:
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.
CONTACT: Dominic Martinez M&M Investor Relations Toll Free
866-508-2092 Inquiry@egreenstone.com
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