Green EnviroTech Holdings Corp. (GETH.PK) Files 8K referencing Change of PCAOB Auditor
RIVERBANK, Calif., May 29, 2012 /PRNewswire/ -- Green EnviroTech Holdings Corp. (GETH.PK) announced today that a Form 8K has been filed advising of a change of auditor.
For a considerable time GETH have been using KBL, LLP a New York-based firm of accountants who have worked closely with GETH through the early stages of the Company's development and whose help has been substantial.
From this point, GETH will be working with Michael F Cronin, of Cronin and Company, a PCAOB registered firm, which is based in California. As GETH is headquartered in Riverbank, California, management believes that an auditor in close proximity to the Company would be a positive and logical step.
Wayne Leggett the CFO of GETH said, "We have been associated with KBL for some time, and the Company appreciates the work they have provided for GETH to date. It is a logical decision for us since we are a California Company and the Board believes that we should work with a local firm, especially at a time when the Company is starting to make real progress in its development and when we, or specifically I, will need a local 'hands on' auditor who can be available for face to face meetings at short notice. We think the move is a very positive one and we look forward to a long and healthy relationship with Michael Cronin."
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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