GreenHouse Holdings (OTCBB: GRHU) to Acquire Life Protection, Inc.

GreenHouse Holdings, Inc. (OTCBB: GRHU)   signed a definitive acquisition agreement to purchase Life Protection, Inc. (LPI). LPI provides innovative training, support, design and construction of facilities and services to meet the needs of the U.S. Government, Military, and law enforcement agencies. The acquisition is expected to be accretive to the 2010 earnings and will provide GreenHouse with an estimated revenue contribution in excess of $2 million for 2010. GreenHouse will issue 1,118,750 new shares of common stock to acquire LPI.

LPI, and its subsidiary, LPI R.O.A.D. House, have generated approximately $4 million in unaudited, consolidated revenue in the first half of 2010. LPI is the sole provider to the U.S. Military of Dyneema(R) for use in construction projects. Dyneema(R) is a synthetic fiber-based polyethylene, which is 15 times stronger than steel and is incredibly versatile with virtually limitless applications for construction purposes. LPI has also built the government's first LEED (Leadership in Energy Efficiency and Design) Gold training facility and owns significant targeting technology for military training. LPI CEO Brigadier General Floyd H. Trogdon, USAF, (Ret.), COO Billy Jones and VP of Operations Edward Mueller will continue to lead LPI with General Trogdon joining the Board of Directors of GreenHouse.

"We are excited to have reached this agreement with LPI and believe this combination is beneficial to the shareholders of both companies," said John Galt, Executive Chairman of GreenHouse. "LPI is a unique business and a leading name within the military and defense arena and the acquisition represents a significant step in executing our strategy to expand our public sector operations," continued Galt. This transaction will allow us to unite our companies' resources to bring innovative, sustainable products to market for our customers. We welcome LPI's talented workforce to the GreenHouse team and look forward to building a successful enterprise together."

"We are thrilled to combine GreenHouse's sustainable infrastructure solutions with LPI's strong industry reputation and relationships to service the U.S. Government and Military markets," said Billy Jones, Chief Operating Officer of LPI. "The U.S. Government has placed a strong emphasis on implementing energy efficiency and sustainability solutions in their procurements over the last several years, and we see a tremendous opportunity in creating a company specifically branded as a sustainable solutions integrator. We believe that synergies of the combined company will capture large scale energy-efficient building contracts from the U. S. Department of Defense."

Key Strategic Benefits for GreenHouse:

• The transaction is expected to be accretive to earnings over the next 12 month period ("NTM"), based on the current unaudited revenue run-rate of $6 million for 2010. LPI is generating approximate gross margins of 37 to 38 percent and pretax margins of 15 to 16 percent. EPS is expected to increase over the next 12 months due to LPI's strong profit margins.
• The acquisition immediately establishes GreenHouse as a leading supplier of Rapidly Assembled Portable Structures, which the United States Marine Corps and United States Navy EOD (Explosive Ordinance Disposal) have selected for their shelter/unit training requirements.
• The agreement is expected to yield significant cross selling/cross marketing opportunities for both GreenHouse and LPI. The addition of GreenHouse's water desalinization, sanitation, food production, renewable energy and fuel production products fit seamlessly into LPI's existing portfolio to sell to the United States Government, providing the military a one-stop shop for their training needs.

Full Press Release

GreenHouse Holdings, Inc. (OTCBB: GRHU) Changes Auditor

GreenHouse changed their auditor and appointed PKF, Certified Public Accountants as its independent registered public accounting firm replacing M&K CPAs PLLC. The Company's decision to change auditors was not due to a disagreement between the Company and its former auditors on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure. "In connection with our growth strategy and expansion plans going forward, GreenHouse determined that it was important to change public auditing firms," commented Chris Ursitti, CEO of GreenHouse. "We believe PKF, which is a member of one of the top 15 accounting associations in the world, is the best fit for the company as it enters a new phase of growth and development."

Full Press Release 

GreenHouse Holdings, Inc. (OTCBB:GRHU) Signs a Deal With Karl Strauss Brewing Company

GreenHouse Holdings, Inc. (OTCBB: GRHU) the global energy solutions service provider based in San Diego, California, signed a deal with Karl Strauss Brewing Company, a craft beer company also based in San Diego, GreenHouse will install an E-Fuel MicroFuelerTM, a portable ethanol micro-refinery fuel system at the Karl Strauss main brewery in San Diego. This innovative system will be designed and installed by GreenHouse, and will allow the brewery to turn its discarded organic waste into ethanol fuel. GreenHouse will lease the E-Fuel MicroFuelerTM and sell the ethanol fuel it produces to Karl Strauss. Karl Strauss plans to convert its gasoline-powered sales and delivery vehicles to use the ethanol fuel produced by the E-Fuel MicroFueler which will result in significant fuel savings annually. GreenHouse will also be facilitating the conversion of these vehicles. This is a significant step for Greenhouse as it represents an important milestone in the Company's growth. This is the first instance of GreenHouse generating revenues from sales of ethanol and ethanol producing products. The beverage and brewery industry will now have an example of a proprietary process that can turn organic waste to fuel in a cost efficient manner with very low capital expenditure.

Full Karl Strauss Press Release The final production model of the revolutionary MicroFueler was unveiled to the world by California Governor Arnold Schwarzenegger in Sacramento, CA.

GreenHouse Holdings, Inc. (OTCBB: GRHU) Featured in QualityStocks Daily Newsletter

We put out a press release today on Green House:

ProActive Capital Resources Group, LLC (PACRG), owner of the proprietary, integrated digital media and global distribution platform, ProActive News Room, (www.proactivenewsroom.com), announced today that its client GreenHouse Holdings, Inc. (OTC.BB:GRHU - News), a San Diego, California-based energy-savings solutions and ethanol fuel provider, was featured in yesterday's "QualityStocks Daily Newsletter," as its pick for the "One to Watch." To read the commentary, please visit http://www.qualitystocks.net/newsletter/newsletter.html.

 

Full Release

Emissary Capital Initiates GreenHouse Holdings, Inc. (GRHU.OB, $2.05) with A Buy Rating, $6 Price Target

GreenHouse Holdings (GreenHouse) is a fast growing San Diego based distribution platform and alternative fuel company whose goal is to bring to market alternative energy solutions that are eco-friendly, promote lower energy bills and costs. Through its three primary business segments - GreenHouse Builders, GreenHouse Energy and GreenHouse Community - the company serves as a "green" platform with readily attainable synergies and significant earnings power...

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$GRHU GreenHouse Holdings, Inc. and UAI, Inc. Form Strategic Alliance

http://finance.yahoo.com/news/GreenHouse-Holdings-Inc-and-bw-3529719848.html?x=0