SAN DIEGO–GreenHouse Holdings, Inc. , a San Diego-based global green solutions provider, announced that the Company is accelerating its strategy to expand into new geographic markets for further revenue growth as well as offering a new branding model for contractors interested in offering environmentally-friendly energy savings products to their customers. GreenHouse is a provider of cost-effective residential and commercial building and improvement strategies that improve the environment.
The Company generated revenues of $4.5 million in the 2009 fiscal year based primarily on sales in San Diego, California. These strong sales have encouraged GreenHouse management to enter new markets in California by opening satellite offices throughout the state. The newly announced offices will operate within Los Angeles and Orange counties. In addition, GreenHouse plans to create a branding model for its green building business in which contractors around the country could leverage the GreenHouse name, expertise and suite of green building products to grow and expand their business.
“Our expansion into new markets and the introduction of a branding model based upon our success in San Diego County makes perfect sense for the company and its growth plans,” said Chris Ursitti, the CEO of GreenHouse Holdings. “By expanding our geographic footprint, we believe we can significantly augment our revenue growth with minimal risk, due to the low capital expenditures that the model offers. Management remains dedicated to capitalizing on the paradigm shift of Californians more closely managing their energy costs and the state’s legislative environment which provides tax rebates, incentives and credits to support energy efficiency. We believe this is a significant step towards achieving our overall goal of increased earnings, augmented market share, and improved shareholder value.”
GreenHouse Holdings offers a complete suite of products and services including Green Fiber Insulation, CoolWall Exterior Coating, state-of-the art solar applications, dual-pane windows, as well as residential, small industrial and governmental ethanol production and off-the-grid power solutions. Through its partnership with Allard Research and Development, GreenHouse Holdings carefully analyzes and tests its products before placing them on the market.
For more information, visit www.greenhouseintl.com
