NEW YORK, NY -- (Marketwire) -- 05/23/11 -- GreenHouse Holdings, Inc. (OTCBB: GRHU), a leading provider of energy efficiency solutions and sustainable infrastructure products, today announced that it has completed the acquisition of Costa Mesa, CA based Control Engineering, Inc. (CEI), a provider of automation and control solutions including engineering, installation and integration services. The CEI team are experts in multiple technologies and applications with a client base that includes recognizable brands from a wide range of industries including AECOM, Fluor, Coca-Cola, AMGEN and Occidental Petroleum with anticipated revenues to exceed $3.5 million in 2011.
GreenHouse is a qualified service provider of Southern California Edison's Auto-DR program, providing site assessment, feasibility studies, project development, engineering, and installation of enabling technologies including complete processing of all utility documents. The addition of CEI's suite of services will allow GreenHouse to not only realize greater profit margins on demand response implementations but more importantly package a complete turnkey Auto-DR program that can be adopted by utilities across the country.
'We feel Auto-DR will play a critical role in the future of energy production and management throughout the United States and we are working toward strategic partnerships and customers that will afford us the capability to deliver these services on a national scale,' remarked Rob Davis, Vice President of Energy Services for GreenHouse. 'To that end we are extremely pleased to welcome CEI and its staff of industry recognized experts to the GreenHouse family.'
'The combination of our expertise in automation and control solutions combined with GreenHouse's industry knowledge and extensive national reach make for an obvious partnership,' said Dave Lautner, head of Business Development and co-owner of CEI. 'We are very excited about joining GreenHouse and supporting their goal of delivering Auto-DR services nationwide.'
About Control Engineering, Inc.
Control Engineering, Inc. (CEI) is a full service industrial automation and controls company. CEI has been helping companies to achieve their productivity and resource efficiency goals through automation for over 16 years. CEI has completed projects in the oil and gas, chemical, water treatment, food, beverage, pharmaceutical, utilities, material handling, manufacturing and semiconductor industries. CEI is also a certified provider of Arc Flash consulting, including investigation, arc flash computer simulation and modeling, and labeling recommendations.
About GreenHouse Holdings, Inc.
GreenHouse Holdings 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. Its target markets for energy efficiency solutions include government and military, as well as commercial, residential and industrial 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.
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.
GreenHouse Holdings, Inc. Contacts:
Alliance Advisors, LLC
Rubenstein Public Relations
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