Green Innovations Files Form 10-K Annual Report for Period Ended December 31, 2012
MIAMI, March 13, 2013 /PRNewswire/ -- Green Innovations Ltd. (OTCQB: GNIN) (OTCBB: GNIN) ("Green Innovations" or the "Company") is pleased to announce that it has filed its Form 10-K annual report for the period ended December 31, 2012 with the Securities and Exchange Commission (SEC).
"This is the first Green Innovations Form 10-K annual report since becoming a publicly traded company in September 2012 and we are pleased to report that the Company was able to generate more than $230,000 in audited sales in just the first three months of ramping up operations. Keep in mind, this report doesn't include the purchase orders of approximately $300,000 that have been received in 2013 of which approximately $160,000 has already shipped so far in the first quarter with more shipments expected this month," stated Mr. Bruce Harmon, Chief Executive Officer of Green Innovations. "We are confident that we continue to offer customers the highest-quality products at the best available prices and intended to use this to our advantage to build distribution for our 100% bamboo and traditionally source paper products in North America with increasingly larger retailers and wholesalers."
Green Innovations' Annual Report on Form 10-K is available for viewing at the SEC website http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001491471.
About Green Innovations Ltd.
Green Innovations Ltd., through its wholly-owned subsidiary Green Hygienics, Inc., is the exclusive licensed North American distributor of American Hygienics Corporation's 100% tree-free bamboo-based product line, including personal care and paper-based goods. The Company provides consumers the opportunity to enjoy high-quality and performance eco-friendly goods from dedicated experts that have been producing bamboo products for over a decade, along with the cost-benefit of local raw material manufacturing, and the satisfaction of knowing that by using these products they are doing their part to reduce their carbon footprint and to continue the movement towards a more healthy and sustainable planet.
For further information regarding Green Innovations Ltd., contact:
This press release contains "forward-looking statements". Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future, and specifically references to revenue and earnings growth and expanding distribution. The reader can identify these forward-looking statements by forward-looking words such as "may," "will," "expect," "potential," "anticipate," "forecast," "believe," "estimate," "project," "plan," "continue" or similar words. The reader should read statements that contain these words carefully because they discuss future expectations, contain projections of future results of operations or of financial condition, or state other forward-looking information. Forward-looking statements include, but are not limited to, statements regarding potential products, customers, revenues, expansion efforts, and future plans and objectives of Green Innovations Ltd. ("Green Innovations"). The risk factors listed in our disclosure documents and the cautionary language on this website provide examples of risks, uncertainties and events that may cause actual results to differ materially from the expectations and projections described by Green Innovations in its forward-looking statements. Actual results relating to, among other things, product launch, sales, customer acceptance and market share could differ materially from those currently anticipated in such statements. Factors affecting forward-looking statements include: consumer preferences, competition from more established brands, ability to develop market share; changes in the operating costs; changes in economic conditions, foreign exchange and other financial markets; changes of the interest rates on borrowings; hedging activities that Green Innovations develops or produces; changes in the investments levels; litigation; legislation; environmental, judicial, regulatory, political and competitive developments in areas in which Green Innovations operates; technological, mechanical and operational difficulties encountered in connection with Green Innovations' development activities; and labor relation matters and costs. The reader should refer to the risk disclosures set out in the periodic reports and other disclosure documents filed by Green Innovations from time to time with the Securities and Exchange Commission and other regulatory authorities.
SOURCE Green Innovations Ltd.
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