NEW YORK, NY -- (Marketwire) -- 02/18/11 -- In the news release, 'GreenHouse Announces Letter of Intent With Hinds Community College to Build $2.9M Sustainable Tactical Training Center in Mississippi' issued earlier today by GreenHouse Holdings, Inc. (OTCBB: GRHU), we are advised by the company that the company's ticker should read '(OTCBB: GRHU)' rather than '(OTCQB: GRHU) (PINKSHEETS: GRHU)' as originally issued. Complete corrected text follows.
GreenHouse Announces Letter of Intent With Hinds Community College to Build $2.9M Sustainable Tactical Training Center in Mississippi
New, Sustainable Anti-Terrorism Tactical Training Centers Eliminate Outdoor Firing Ranges, Lead Pollution
NEW YORK, NY -- February 18, 2011 -- GreenHouse Holdings, Inc. (OTCBB: GRHU) (the 'Company') has executed a letter of intent with Hinds Community College to construct and manage a $2.9 million Anti-Terrorism Tactical Training Center in Jackson, Mississippi that would provide local law enforcement personnel with a state-of-the-art training and sustainable firing range facility and which would serve as a best practices model for such facilities in small cities and towns across the United States. The project is subject to the execution of a definitive agreement.
The pilot program, including both basic and advanced firearms training would commence with Hinds Community College in Jackson, Mississippi, where Mississippi law enforcement agencies, Department of Homeland Security (DHS) personnel and other local, state and federal agencies expected to receive instruction. The cost of building the Anti-Terrorist Tactical Training Center is estimated at $2.9 million per unit.
These Anti-Terrorist Tactical Training Centers are fully sustainable, indoor facilities. As such, they remove the need for outdoor firing ranges that have detrimental environmental impact due to lead seepage into the ground. GreenHouse plans to design and construct the 11,000 square foot training center on land leased from the college at a cost of $1.00 per year for a 15 year term. The training center will feature a GreenHouse delivered Tactical Training System featuring the company's sustainable bullet trapping system capable of containing 7.62 caliber rounds at a maximum distance of 30 meters. The range will also have twelve lanes of fire featuring pneumatic turning target systems including two lanes with wheelchair accessibility.
Users of the sustainable training facility are expected to include the United States Marine Corps, National Park Service, Naval Criminal Investigative Service, the Mississippi Highway Patrol, Mississippi Alcohol Law Enforcement, Mississippi Department of Corrections and other fire and rescue departments. The facility will also be used to train U.S. Coast Guard personnel responsible for Maritime Security.
'As public safety enforcement work becomes increasingly dangerous, proper firearms training is more critical than ever to the safety of those men and women who serve and protect American citizens,' remarked John Galt, Executive Chairman and co-founder for GreenHouse Holdings, Inc. 'We provide the most sustainable and innovative environment for highly skilled training in an assortment of tools and disciplines in a wide variety of settings.'
About GreenHouse Holdings, Inc.
GreenHouse Holdings, Inc. is a leading provider of energy efficiency and sustainable facilities solutions. The company designs, engineers and installs disparate products and technologies that enable its clients to reduce their energy costs and carbon footprint. Target markets for GreenHouse's energy efficiency solutions include residential, commercial and industrial, as well as government and military markets. In addition, the company develops, designs and constructs rapidly deployable, sustainable facilities primarily for use in disaster relief and security in austere regions. For more information, please visit: www.greenhouseintl.com or the GreenHouse YouTube channel at http://www.youtube.com/greenhouseintl or follow GreenHouse on Twitter @greenhouseintl.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. Certain statements in this release, and other written or oral statements made by GreenHouse Holdings, Inc. are 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond the Company's control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Important factors that could cause actual results to differ materially from the company's expectations include, but are not limited to, those factors that are disclosed under the heading 'Risk Factors' and elsewhere in documents filed by the company from time to time with the United States Securities and Exchange Commission and other regulatory authorities.
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