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GreenHouse Holdings Blog

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

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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."

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GreenHouse Holdings (OTC: GRHU.OB)

GreenHouse is a San Diego, California based energy savings solutions and ethanol fuel company with three primary business segments. Click here to Download GRHU Corporate Profile

 

Emissary Capital Research Report: BUY rating, $6 price target

 

GreenHouse Energy

GreenHouse Energy Fuel Division is a distributor of Allard Research and Development's ethanol boilers, as well as the eFuel MicroFueler. The scalable ethanol boilers feature production amounts into the thousands of gallons per day. This gives GreenHouse the ability to pursue large fleets whose needs exceed the capability of the MicroFueler, the first portable micro-refinery system, which allows consumers and businesses to produce ethanol (EFuel100) using sugar, algae or waste from distilleries and breweries as feedstock.

GreenHouse Builders

GreenHouse Builders Residential Division is a source of green building services and home improvement products that are eco-friendly, promote lower energy bills and reduce maintenance expenses. The company offers 8 products/services including 'on-site-off-the-grid' power plants, Envision Solar, GreenFiberInsulation and CoolWallexterior coating.

GreenHouse Builders Commercial/Industrial Products Division is focused on bringing sustainable technologies to market as the exclusive distributor for Allard Research and Development's internationally patented water purification systems and numerous other advanced systems. The division provides companies ranging from one-plant operations to multi-national conglomerates with scalable solutions for retrofitting plants to provide massive energy cost savings.

GreenHouse Community

GreenHouse Community was started with the sole purpose of offering the world, through the United Nations and other global aid organizations, sustainable and eco-friendly infrastructure that can be deployed quickly to almost any remote corner of the planet.

 

Unparalleled Ethanol Technology and a Viable Alternative to Corn-Based Ethanol

  • The MicroFueler is the first portable micro-refinery system that allows consumers and businesses to produce ethanol by using sugar, algae or waste from distilleries and breweries as feedstock. The ethanol is called EFuel100, which is safe to produce, store and use in all cars manufactured after 1991.
  • The EFS family Micro Refinery from Allard represents state-of-the-art technology for automated production of Ethanol in a compact yet professional system. The patent-pending EFS family of machines are also the world's first computer-controlled Ethanol production system scalable for businesses, municipalities, rural communities, and commercial markets.
  • Company's products are not Corn-based which has been widely disproven as a sustainable energy source.

Plausibly a $45 million Business by 2010, $140 Million by 2011

  • Company projects combined revenues for the three divisions to exceed $45 million by 2010 and $140 million in 2011.

Prospects of Cutting the Grid

  • With the imminent introduction of the Gridbuster, the Microfueler will enable homes and businesses to be less reliant on the conventional and more expensive electrical grid and generate their own electricity. The GridBuster is E-Fuel's revolutionary new generator to produce electricity from a unique blend of E-Fuel100 ethanol and 50% water.

City of Las Vegas

  • GreenHouse has a letter of intent from the City of Las Vegas to be the exclusive ethanol provider for the city fleet vehicles, as well as creating a facility to provide ethanol to the public
  • Based on only a 2% market penetration, the Vegas facility could bring in over $50 million in revenues with EBITDA over $35 million annually

Distribution Exclusivity

  • Exclusive distribution contracts with EFuel for sales of the MicroFueler in Southern California and is currently cultivating distribution relationships in other states as well as within Eastern European regions.
  • Distribution agreements with Allard Research for its commercial grade ethanol producing machine and water filtration technology.

An Invaluable Partnership to Address Needs of the Federal Government

  • Kipper Tools recently teamed up with GreenHouse to serve as its General Services Administration (GSA) arm to supply the MicroFueler to all branches of the Federal Government.

 

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